Introduction to CCP

The Certified Cost Professional (CCP) Exam Review offered by 3FOLD is an online training program designed to help delegates learn the essential ideas of cost engineering and best practices of Total Cost Management (TCM) in the planning, implementation, and management of any organizational project or program in a systematic and professional manner. 3FOLD Training is approved by AACEI to offer the CCP certification exam review designed to help you pass your Certified Cost Professional Exam.

This article on the certified cost professional sample exam will give you an idea of what to expect in the CCP exam and give you a higher chance of passing the Certified Cost Professional Exam.

CCP Exam Coverage 

Economic Analysis

• • • Basic Concepts
    • Annual Compounding
    • Net Present Worth
    • Investment Alternatives
    • Depreciation and Taxes
    • Break-Even Analysis

Cost Estimation and Control

• • • Cost Estimation
    • EVM Metrics
    • Progress Measurement
    • Performance Measurement
    • Cost Forecasting
    • Variance Analysis

Project Management

• • • Leadership and Management of Project People
    • Contracting for Capital Projects
    • Scheduling

General Skills and Knowledge of Cost Engineering

• • • Quality Management
    • Value Analysis
    • Strategic Asset Management
    • Project Planning
    • Project Labor Cost Control
    • Probability and Statistics
    • Risk Management
    • Communication

AACE – Certified Cost Professional (CCP) Sample Exam

The mock exams can be done repetitively. It will help you get familiar with the type of questions and terminologies to expect in the exam. It also provides you with the correct answer to the questions.

These mock exams have a time limit that helps you manage your time too. 

CCP Examination Structure: 

• • • 5 hours maximum
    • 120 Continuous, simple multiple-choice questions complex, compound/scenario questions
    • Domains: Basic Skills & Knowledge, Economic Analysis, Project Management, and Cost Estimating & Control
    • Closed Book – onscreen formula sheet(s) will be available for use
    • Any style, battery-operated calculator permitted (not provided by the testing center)

20 simple multiple-choice: It consists of three parts:

• • • The stem (body of the question)
    • The correct answer (the key of the question)
    • Three incorrect answers, also known as distractors

Compound/Scenario questions: it consists of four parts:

• • • The scenario – the basis for all related MCQ
    • The stem (body of the question)
    • The correct answer (the key of the question)
    • Three incorrect answers, also known as distractors

CCP Question Formats:

Incomplete Sentence 

Example: The three types of value are:

1. Use, Esteem, and Internal
2. Use, Esteem, and Exchange
3. Esteem, Exchange, and Internal
4. Use, Exchange, and Internal

Direct Question 

Example: What are the three types of value?

1. Use, Esteem, and Internal
2. Use, Esteem, and Exchange
3. Esteem, Exchange, and Internal
4. Use, Exchange, and Internal

Embedded Blank 

Example: Use, esteem, and _______ are the three types of value.

1. Exchange
2. Internal
3. Basic
4. Security

In-Basket

Example: Include several pieces of information that must be used together to answer questions. Materials might include:

1. Schedules and calendars
2. Policies to be followed
3. Memos
4. Reports

CCP Practice Test

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3FOLD offers three packages for the CCP Exam Review.

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