AACE International CCP Quiz 1 Topic 5 Questions 1-5

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.

Which of the following is least likely to improve a large earthmoving contractor's productivity?

AUsing apprentice operators to save labor costs

BStarting summer work in the early morning hours to minimize work during peak heat periods of the day

CRemove underground hazards prior to excavation work

DReplacing old excavators with new, larger excavators

Show Answer

Question: 2

When the project plan is implemented:

AActivities are carefully monitored and controlled against the baseline

BThe basis for payment applications is formalized

CThe forward and backward pass is identified

DCPI and SPI can be calculated and reported

Show Answer

Question: 3

A work breakdown structure (WBS) is developed because:

AIt avoids omissions of key product activities through a systematic planning process; removes the complexity of the project by dividing it into manageable units; and provides a framework.

BIt defines specific tasks within a project from which schedules can be developed; it aids in linking activities with resources; it facilitates communication; and it allows integration of project plans

CIt can be illustrated by individual bars for major phases, such as permitting, funding, engineering, procurement construction, commission/startup

DIt can be illustrated by a simple bar, with important milestones represented by symbols at the planned time of occurrence

Show Answer

Question: 4

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.

In Rensis1 4 model system, the exploitative-authoritative management style is one in which:

AManagement makes most decisions and passes them down

BInformal organizations generally support the goals of the formal organization

CManagement issues orders, but employees have some freedom to comment

DManagement has a lot of confidence in the employees

Show Answer

Question: 5

After collecting the control information on a light rail project within an original budget of 200.000 work hours, the construction contractor is ready for their monthly progress meeting with the client.

A total of 100.000 work hours have boon scheduled to date. with 105.000 work hours earned, and 110.000 work hours paid. The stated progress by the contractor Is 60%.

What is the cost variance (CV)?

ABCWP-ACWP = 105,000-110,000 = -5,000

BACWP-BCWP = 110,000-105,000 = 5,000

CBCWS-ACWP = 100,000-110,000 = -10,000

DACWP-BCWS = 110,000-100,000 = -10,000

Show Answer

AACE International CCP Quiz:1 Topic:5 Questions:1-5