AACE CCP PRACTICE TEST
EXAM PREP 2026
COMPLETE 119 QUESTIONS
Question 1: A project team needs an early screening estimate when scope de�nition is limited to major capacity and location. Which estimating approach is generally most appropriate?
Choices:
1) Detailed quantity takeo� 2) Parametric or analogous estimating 3) De�nitive vendor quotations 4) Bottom-up work-package estimating
Correct Answer: Parametric or analogous estimating
Explanation: With limited scope de�nition, parametric or analogous methods are appropriate for screening-level decisions because they use historical relationships rather than detailed quantities.Page 1
Question 2: Which item is most important to include in a basis of estimate so
another cost professional can understand how the estimate was developed?
Choices:
1) Only the �nal total cost 2) Assumptions, exclusions, pricing basis, and estimate methodology 3) Only the contingency percentage 4) The project organization chart Correct Answer: Assumptions, exclusions, pricing basis, and estimate methodology Explanation: A defensible basis of estimate documents the methodology, assumptions, exclusions, pricing basis, scope basis, and other information needed to understand and reproduce the estimate.Question 3: A scope change adds 1,200 m of piping. The validated installed unit rate is $185 per meter. What is the direct estimated cost of the added piping before indirects and contingency?
Choices:
1) $185,000
2) $210,000
3) $222,000
4) $240,000
Correct Answer: $222,000
Explanation: Direct cost = 1,200 x $185 = $222,000.
Page 2
Question 4: A historical plant cost $10.0 million at a capacity of 100 units per hour.Using a capacity factor exponent of 0.60, what is the estimated cost for 150 units per hour before other adjustments?
Choices:
1) $11.00 million 2) $12.75 million 3) $15.00 million 4) $16.50 million
Correct Answer: $12.75 million
Explanation: Use C2 = C1 x (Q2/Q1)^x. $10.0M x (1.5)^0.60 is about $12.75M.
Question 5: An estimate contains $5,000,000 of current-year cost that will be spent two years from now. If escalation is 3% per year compounded annually, what escalated amount should be budgeted?
Choices:
1) $5,150,000
2) $5,300,000
3) $5,304,500
4) $5,450,000
Correct Answer: $5,304,500
Explanation: Escalated cost = $5,000,000 x 1.03^2 = $5,304,500.
Page 3