Certified Cost Consultant / Cost Engineer (AACE International): CCE-CCC

The goal of listening is to:

A. Analyze what the speaker is saying

B. Find out what is going on

C. Have time to formulate your thoughts on the subject

D. Improve communication

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.

9,375 hours have been expended to date. Planned completion at this time is 75%. The project is determined to be 66% complete. What is the current cost performance index (CPI)?

A. 0.96

B. 0.84

C. 1.14

D. 0.88

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 percent complete measurement techniques is best suited for long-term non-production accounts (such as overhead accounts)?

A. Ratio/level of effort

B. Start/finish

C. Units completed

D. Incremental milestone