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

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Showing 1–3 of 10 questions

Question 1

An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.

Answer the question using a straight line depreciation and a 10% interest rate.

If $50 was invested at 6.0% on January 1, year 1, what would be the value of year-end withdrawals made in equal amounts each year for 10 years and leaving nothing in the fund after the tenth withdrawal?

Select an option, then click Submit answer.

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    $6.80
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    $3.10
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    $5.35
  • ○

    $2.22
Question 2

A work breakdown structure (WBS) is developed because:

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    It 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.
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    It 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
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    It can be illustrated by individual bars for major phases, such as permitting, funding, engineering, procurement construction, commission/startup
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    It can be illustrated by a simple bar, with important milestones represented by symbols at the planned time of occurrence
Question 3

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?

Select an option, then click Submit answer.

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    Home office detail, specific vendor quotes, preliminary quantities with labor and material factors applied
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    Square footage of buildings, factored indirects, types of rides and exhibits identified, utility requirements, conceptual layouts
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    Detailed construction drawings, quantity takeoffs, detailed labor hours and material costs applied, quotes from all major subcontractors
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    Utility requirements, detailed building plans and (- specifications, types of rides and exhibits identified, all vendor quotes or estimates received from subcontractors