Free AACE AACE-CEP Exam Questions

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

Page: 1 / 60

Total 297 Questions | Updated On: Mar 17, 2025

Add To Cart

Question 1

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

A : 1

B : 5

C : 4

D : 3

Answer: D

Question 2

A common explanation of differences between two estimates is:

A : The estimator has made a mistake

B : Different estimating software was used in preparation of the two estimates

C : The estimates were prepared at different points in time

D : A change has been made in the scope of the project

Answer: D

Question 3

If one (1) meter is equal to 3.28 feet, how many cubic meters of concrete, rounded to the nearest cubic meter, are required to pour a foundation that is 15 feet long by 10 feet wide by 6 feet thick, disregarding waste?

A : 34

B : 255

C : 84

D : 26

Answer: D

Question 4

With respect to Risk Assessment Analysis, identify a false statement from below:

A : Risk assessment scores should receive appropriate analysis after the conclusion of the identification meetings if there is a question of accuracy

B : Qualitative risk analysis is the assignment of subjective values to risk management items

C : Considerations should be made to identify the formation of the risk management team

D : Risk management of small projects may benefit from a three point scale

Answer: C

Question 5

With respect to Risk Assessment Analysis, identify a false statement from below:

A : Risk assessment scores should receive appropriate analysis after the conclusion of the identification meetings if there is a question of accuracy

B : Qualitative risk analysis is the assignment of subjective values to risk management items

C : Considerations should be made to identify the formation of the risk management team

D : Risk management of small projects may benefit from a three point scale

Answer: C

Page: 1 / 60

Total 297 Questions | Updated On: Mar 17, 2025

Add To Cart