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Certified Cost Professional (CCP) Exam
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Money is value. Having money when you need it is very important. Money can also be valuable whenused wisely by knowing when to spend and when to conserve Also, planning now for futureexpenses can be a plus to the company rather than a debit.There are several ways to capitalize money and spending. Basically there is the single paymentmethod that has a compound amount factor and a present worth factor. There is the uniform annualseries that has a sinking fund factor, capital recovery factor and also the compound amount factorand present worth factor. At this point, we can assure money is worth 10%.The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right sideof your split screen, using the drop down menu, to reference during your response/choice ofresponses.If $10,000 is scheduled to be paid out 5 years from now, what is the minimum amount we can investtoday?
A major theme park is expanding the existing facility over a five-year period. The design phase will becompleted one year after the contract is awarded. Major engineering drawings will be finalized twoyears after the design contract is awarded and construction will begin three years after the award ofthe design contract. New, unique ride technology will be used and an estimate will need to bedeveloped to identify these costs that have no historical data.Which of the following is least likely to improve a large earthmoving contractor's productivity?
A major theme park is expanding the existing facility over a five-year period. The design phase will becompleted one year after the contract is awarded. Major engineering drawings will be finalized twoyears after the design contract is awarded and construction will begin three years after the award ofthe design contract. New, unique ride technology will be used and an estimate will need to bedeveloped to identify these costs that have no historical data.The recognition of loss of value of a natural resource used in the production process is referred to as:
A major theme park is expanding the existing facility over a five-year period. The design phase will becompleted one year after the contract is awarded. Major engineering drawings will be finalized twoyears after the design contract is awarded and construction will begin three years after the award ofthe design contract. New, unique ride technology will be used and an estimate will need to bedeveloped to identify these costs that have no historical data.Profits that could not be formally recognized during a specific financial accounting period becausethe goods and services did not satisfy all the customer's requirements are:
A major theme park is expanding the existing facility over a five-year period. The design phase will becompleted one year after the contract is awarded. Major engineering drawings will be finalized twoyears after the design contract is awarded and construction will begin three years after the award ofthe design contract. New, unique ride technology will be used and an estimate will need to bedeveloped to identify these costs that have no historical data.The project scheduler left the company and has left unfinished work. You have been hired as the newproject scheduler and must update the existing schedule. What will be your first task?
A major theme park is expanding the existing facility over a five-year period. The design phase will becompleted one year after the contract is awarded. Major engineering drawings will be finalized twoyears after the design contract is awarded and construction will begin three years after the award ofthe design contract. New, unique ride technology will be used and an estimate will need to bedeveloped to identify these costs that have no historical data.You are reporting on a roadway project, which was estimated to be 10 miles of road. It was scheduledto be completed in 16 weeks, which is this week. According to your calculations, the project has aschedule performance index of 0.80. What would you advise the management about the scheduledcompletion date?
A major theme park is expanding the existing facility over a five-year period. The design phase will becompleted one year after the contract is awarded. Major engineering drawings will be finalized twoyears after the design contract is awarded and construction will begin three years after the award ofthe design contract. New, unique ride technology will be used and an estimate will need to bedeveloped to identify these costs that have no historical data.The following is NOT an advantage of the critical path method:
A major theme park is expanding the existing facility over a five-year period. The design phase will becompleted one year after the contract is awarded. Major engineering drawings will be finalized twoyears after the design contract is awarded and construction will begin three years after the award ofthe design contract. New, unique ride technology will be used and an estimate will need to bedeveloped to identify these costs that have no historical data.Resource planning must take all of the following into account except:
A major theme park is expanding the existing facility over a five-year period. The design phase will becompleted one year after the contract is awarded. Major engineering drawings will be finalized twoyears after the design contract is awarded and construction will begin three years after the award ofthe design contract. New, unique ride technology will be used and an estimate will need to bedeveloped to identify these costs that have no historical data.Which of the following methods a used for creating critical path schedules:
A major theme park is expanding the existing facility over a five-year period. The design phase will becompleted one year after the contract is awarded. Major engineering drawings will be finalized twoyears after the design contract is awarded and construction will begin three years after the award ofthe design contract. New, unique ride technology will be used and an estimate will need to bedeveloped to identify these costs that have no historical data.The latest allowable end time minus the earliest allowable end time on a schedule activity is referredto as: