The Certified Cost Professional (CCP) certification is one of the most widely recognized credentials in cost engineering and cost management. Preparing for the CCP exam requires a significant investment of time and effort. One of the best ways to ensure success is to practice with high-quality exam questions that accurately reflect the content and format of the actual test. PassQuestion offers a comprehensive set of Certified Cost Professional (CCP) Exam Questions designed to help candidates identify knowledge gaps, practice applying concepts, and build confidence for exam success.

Certified Cost Professional (CCP)

A CCP is an experienced practitioner with advanced knowledge and technical expertise to apply the broad principles and best practices of Total Cost Management (TCM) in the planning, execution and management of any organizational project or program. CCPs also demonstrate the ability to research and communicate aspects of TCM principles and practices to all levels of project or program stakeholders, both internally and externally.

Prerequisites to becoming a Certified Cost Professional (CCP)

To become a Certified Cost Professional (CCP) you must have at least 8 years of professional experience. Of those 8 years, 4 years of appropriate college-level/academic education count as acceptable professional experience. You have to pass the technical paper submittal and have to agree with the Code of Ethics of AACE International. You must also satisfy continuing certification requirements. If you do not (yet) have the required working experience, you can first earn the Certified Cost Technician (CCT) title.

Exam Structure

Duration: 5 hours maximum
Passing score: 70%
Number of Questions: 119
Format: multiple-choice and compound scenario questions

Exam Domains

Cost Management – 55 questions
Communication Competency – memo
Interfacing with Other Disciplines – 24 questions
Performance Analysis – 40 questions

You do not have to pass all topics to pass the exam; however, all parts must be considered together for your overall result. Depending on the individual scores of each topic, it is possible to fail 3 topics, pass one, and pass the overall exam. Conversely, it is possible to pass 3 topics and fail one and fail the overall exam.

View Online Certified Cost Professional (CCP) Free Questions

1. When the project plan is implemented:
A.Activities are carefully monitored and controlled against the baseline
B.The basis for payment applications is formalized
C.The forward and backward pass is identified
D.CPI and SPI can be calculated and reported
Answer: A

2. Which of the following best describes the three key participants for projects that are executed under a three-party contractual relationship?
A.Contracting officer, contractor, and contractor project manager
B.Procurement officer, underwriter, and project manager
C.Owner, engineer, contractor
D.Client, project manager, procurement manager
Answer: C

3. If two alternatives with different useful lives are to be compared considering all costs, which of the following methods is most appropriate?
A.Optimization
B.Net Present Worth
C.Equivalent Uniform Annual Value
D.Future Worth
Answer: C

4. The process of stating goals and determining the most effective way of reaching them is the definition for:
A.Implementing
B.Mission Statement
C.Managing
D.Planning
Answer: D

5. Which of the following is NOT an advantage specific to a cost reimbursable contract?
A.Evaluation of proposals are much simpler
B.Provides flexibility in dealing with changes
C.An early start can be made
D.Owner controls all aspects of the work
Answer: D

6. When measuring progress using tasks that lack readily definable intermediate milestones and level of effort required is difficult to measure, the best methods to use is:
A.Start/finish
B.Weighted or equivalent units
C.Incremental milestones
D.Cost ratio
Answer: B

7. What is a basic element of work or a task that must be performed over a given period of time in order to complete a project called?
A.WBS element
B.Activity
C.Resource
D.Commodity
Answer: B

8. ____________ is defined as covering work whose component activities are less defined and whose interrelationships are conditional.
A.Soft logic
B.Hard logic
C.Deductive logic
D.Inductive logic
Answer: A

9. Productivity increases with time. This improvement is commonly associated with improvements in efficiency brought about by increased experience and skill levels. What does this scenario describe?
A.Productivity efficiency factor
B.Value engineering
C.Cash flow
D.The learning curve
Answer: D