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  • Exam Name: Certified Cost Professional (CCP) Exam
  • Last Update: 12-Sep-2025
  • Questions and Answers: 189
  • Single Choice: 189 Q&A's

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CCP Questions and Answers

Question # 1

CCP question answer

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.

If the owner in B has as his primary goal to get the project completed and on line as fast as possible, then he would most likely use the ______________type of contract.

A.

Cost plus

B.

Lump sum

C.

Unit Rate

D.

Lump sum + incentive

Question # 2

CCP question answer

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)

Question # 3

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)?

A.

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

B.

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

C.

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

D.

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

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