10 free, exam-style Certified Compensation Professional (CCP) practice questions with answers and explanations. No signup required. Work through them below, then take the full free CCP practice test to study every exam domain.
The CCP exam has 100 questions and runs 2 hours.
These 10 free CCP questions are organized by exam domain, so you can see how each part of the Certified Compensation Professional blueprint is tested. Reveal the answer and explanation under each question.
An estimator is preparing a cost estimate for a new 150,000 barrel-per-day refinery. A similar 80,000 barrel-per-day refinery was completed two years ago at a cost of $600 million. Using the six-tenths rule and ignoring escalation, the estimated cost of the new facility is CLOSEST to:
Correct answer: C - $875 million
According to AACE Recommended Practice 18R-97, a cost estimate prepared when 5% to 15% of project definition is complete, typically used for feasibility studies and based primarily on equipment-factored or parametric methods, is classified as:
Correct answer: D - Class 4
A company is evaluating two mutually exclusive projects. Project A has an IRR of 22% and an NPV of $180,000 at the company's MARR of 12%. Project B has an IRR of 19% and an NPV of $240,000 at the same MARR. Which decision criterion should govern the selection?
Correct answer: B - Select Project B because its NPV is higher at the MARR
An asset is purchased for $200,000 with a salvage value of $20,000 and a useful life of 5 years. Using the double declining balance (DDB) method, the depreciation expense in Year 2 is:
Correct answer: A - $48,000
A project team is developing a contingency estimate using Monte Carlo simulation. The simulation output shows a P50 value of $8.2 million and a P80 value of $9.5 million. The deterministic base estimate is $7.8 million. If management approves funding at the P80 confidence level, the contingency amount is:
Correct answer: C - $1,700,000
A project has a Budget at Completion (BAC) of $2,000,000. At the end of Month 8, the Earned Value (EV) is $900,000 and the Actual Cost (AC) is $1,050,000. The Cost Performance Index (CPI) has remained stable at approximately 0.857 for the past four reporting periods. Using the cumulative CPI method, the Estimate at Completion (EAC) is CLOSEST to:
Correct answer: B - $2,334,000
At Month 10 of a construction project, the following EVM data is reported: PV = $750,000, EV = $680,000, AC = $710,000. Which statement BEST describes the current project status?
Correct answer: A - Behind schedule and over budget
A risk analyst assigns a PERT three-point estimate to a cost element: optimistic = $40,000, most likely = $55,000, pessimistic = $100,000. The standard deviation of this estimate is CLOSEST to:
Correct answer: D - $10,000
A project schedule network has three activities on the critical path: A (4 days), B (12 days), and C (6 days) in sequence. Activity D (5 days) runs in parallel with B, starting after A finishes (finish-to-start) and finishing before C starts (finish-to-start). The total float for Activity D is:
Correct answer: C - 7 days
An owner enters into a Fixed Price Incentive Fee (FPIF) contract with a target cost of $500,000, a target fee of $45,000, and a sharing ratio of 70/30 (owner/contractor). The ceiling price is $580,000. If the contractor completes the work at an actual cost of $540,000, the contractor's final fee is:
Correct answer: D - $33,000
The CCP exam also covers these domains. Drill them in the full free practice test:
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