CCE-CCC Online Practice Questions and Answers

Budgeted cost of work scheduled is all of the following except:

A. Total costs incurred in accomplishing work in a given-time period

B. Baseline for performance measurement

C. Sum of the budgets for work scheduled

D. Includes portion of the budget for level-of-effort work

_____________is defined as the budget for the cost (work) account times the percent complete for that account.

A. Percent complete

B. Forecast

C. Cost to complete

D. Earned value

____________ 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

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

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

The following question requires your selection of CCC/CCE Scenario 2 (2.3.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

The entire pipe has been received, hangers have been installed, and all pipes are in place. None has been welded or flushed. What percent complete is this project?

A. 45%

B. 50%

C. 95%

D. 30%

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.

The following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

Which statement best describes the type of information available for a design phase estimate?

A. Home office detail, specific vendor quotes, preliminary quantities with labor and material factors applied

B. Square footage of buildings, factored indirects, types of rides and exhibits identified, utility requirements, conceptual layouts

C. Detailed construction drawings, quantity takeoffs, detailed labor hours and material costs applied, quotes from all major subcontractors

D. Utility requirements, detailed building plans and (- specifications, types of rides and exhibits identified, all vendor quotes or estimates received from subcontractors

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.

Resource planning must take all of the following into account except:

A. Types of materials, equipment and labor skills required to complete the project

B. Cash flow (expenditures) limitations for completing work on the project

C. Time available to complete the project

D. Earned value techniques established for the project

The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

An unbalanced bid methodology can best be used by:

A. Engineer/contractor working for the owner (Plan B)

B. Subcontractor working for contractor (Plan A or B)

C. Contractor working directly for engineer (plan A or B)

D. Engineer working for the owner (Plan A)

Money is value. Having money when you need it is very important. Money can also be valuable when used wisely by knowing when to spend and when to conserve. Also, planning now for future expenses 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 payment method that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capital recovery factor and also the compound amount factor and present worth factor. At this point, we can assume money is worth 10%.

The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

If $10,000 is invested now at 10% compounded annually, what will the investments be worth 10 years from now?

A. $25,940

B. $29,450

C. $21,345

D. $16,180