Free AACE AACE-CEP Exam Questions

Become AACE Certified with updated AACE-CEP exam questions and correct answers

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Total 297 Questions | Updated On: Dec 16, 2025

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Question 1

Two essentials for an effective project control baseline are _________________ .

A : Cash flow and the estimate

B : A resource‐loaded schedule and value engineering plan

C : The schedule and budget

D : The Actual Cost of Work Performed (ACWP) and an updated schedule

Answer: C

Question 2

If the owner and contractor cannot come to agreement on the cost and terms of the change order, the reasonable solution is ….....................

A : The contractor should sue the owner

B : Stop the project

C : Arbitration

D : The owner should sue the contractor

Answer: C

Question 3

Two essentials for an effective project control baseline are _________________ .

A : Cash flow and the estimate

B : A resource‐loaded schedule and value engineering plan

C : The schedule and budget

D : The Actual Cost of Work Performed (ACWP) and an updated schedule

Answer: C

Question 4

A budget estimate is typically but not always a Class-----estimate.

A : 1

B : 5

C : 4

D : 3

Answer: D

Question 5

Which of the following is not an element of the cost of a project?

A : Freight

B : Material waste

C : Material

D : Esteem value

Answer: D

Page: 1 / 60

Total 297 Questions | Updated On: Dec 16, 2025

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