Free Practice AACE AACE-CEP Exam Questions 2025

Stay ahead with 100% Free Certified Estimating Professional (CEP) AACE-CEP Dumps Practice Questions

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Total 297 Questions | Updated On: Apr 09, 2025

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Question 1

Cost variance greater than 20% is an example of a:

A : Management reserve

B : Active risk acceptance

C : Contingency allowance

D : Risk trigger

Answer: D

Question 2

An information-gathering technique that is not used in risk identification is:

A : Development of Risk Management Plans

B : Expert Opinion

C : Brainstorming

D : Questionnaire surveys

Answer: A

Question 3

As a cost professional, you are requested to perform project screening in ten minutes. Which one of following projects is worthy of further review?

A : Project B requires $30 million investment, resulting in $14 million in benefits

B : Project A requires $50 million investment, resulting in $20 million in benefits

C : Project C requires $40 million investment, resulting in $15 million in benefits

D : Project D requires $20 million investment, resulting in $3 million in benefits

Answer: A

Question 4

External workshop moderators have all the following advantages except:

A : Big projects justify an external moderator

B : External moderators are in a better position to perform workshop follow-up

C : External moderators are a member of the project team

D : External moderators can be objective in the implementation of the risk workshop

Answer: C

Question 5

After planning, what is the first process in estimate preparation?

A : Costing

B : Quantification

C : Scoping

D : Pricing

Answer: C

Page: 1 / 60

Total 297 Questions | Updated On: Apr 09, 2025

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