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Test Prep CCE-CCC Exam Questions
Provided By: Test Prep
Exam: Certified Cost Consultant / Cost Engineer (AACE International)
Certification: AACE

Total Questions: 118
Updated On: Nov 20, 2024
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Question 1
- A major theme park is expanding the existing facility over a five-year period. The design phase will be
  completed one year after the contract is awarded. Major engineering drawings will be finalized two years after
  the design contract is awarded and construction will begin three years after the award of the design contract.
  New, unique ride technology will be used and an estimate will need to be developed to identify these costs that
  have no historical data.
  A cyclical process model was chosen as the basis for total cost management (TCM) because:
  
  A : It is one of the basic tenets of quality improvement
  
  B : Refinement is needed to prepare the estimate at completion (EAC)
  
  C : Strategic assets and projects have inherent life cycles
  
  D : It facilitates development of budgets and schedules
  
  Answer: C
Question 2
- A major theme park is expanding the existing facility over a five-year period. The design phase will be
  completed one year after the contract is awarded. Major engineering drawings will be finalized two years after
  the design contract is awarded and construction will begin three years after the award of the design contract.
  New, unique ride technology will be used and an estimate will need to be developed to identify these costs that
  have no historical data.
  Cost engineers who feel completely satisfied and fulfilled by their work as part of a project team are said to
  have reached the ______________ stage of Maslow's hierarchy of needs.
  
  A : Need satisfaction
  
  B : Belonging needs
  
  C : Self-actualizations
  
  D : Esteem
  
  Answer: C

PAGE: 1 - 24

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