Quality Assurance & Compliance Flashcards
7 cards from real CCC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Quality Assurance & Compliance flashcards as text
A cost consultant is asked to review an estimate that was prepared under schedule pressure with limited scope definition. Which AACE estimate class would MOST likely apply, and what accuracy range should be expected?
Answer: Class 5, -50% to +100%
Class 5 estimates are prepared with minimal scope definition (0–2% complete) and carry the widest accuracy range of -50% to +100%.
Which of the following represents a key quality compliance requirement when submitting cost estimates on federally funded construction projects in the US?
Answer: Estimates must comply with applicable OMB circulars and agency cost estimating guidelines
Federally funded projects must comply with OMB circulars and agency-specific cost estimating guidelines that govern estimate preparation, documentation, and review.
During a quality review, an estimator's indirect cost allocation is found to be inconsistent across work packages. What is the PRIMARY risk this creates?
Answer: It distorts the true cost of individual work packages and undermines cost comparisons
Inconsistent indirect cost allocation makes it impossible to accurately compare work package costs and undermines cost control and benchmarking efforts.
What is the role of a 'basis of estimate' (BOE) document in meeting quality compliance requirements?
Answer: It documents the assumptions, methodologies, and data sources used so the estimate can be audited and reproduced
The BOE documents the rationale behind an estimate, enabling independent auditors and reviewers to verify, reproduce, and assess the quality of the estimate.
A cost engineer notices that a subcontractor's quotes for a specific trade consistently run 30% above market rates. Under quality assurance protocols, this pattern should trigger:
Answer: A formal market analysis and competitive bidding process to validate the rates
Systematic pricing above market benchmarks should trigger a formal market analysis and competitive bidding to validate whether the rates are justified.
Which of the following is a key indicator that a cost estimating organization has a mature quality management system?
Answer: Estimates consistently fall within their stated accuracy ranges and lessons learned are formally tracked
Mature QMS organizations validate their estimates against stated accuracy ranges and systematically capture lessons learned to drive continuous improvement.
Under the AACE framework, which component of the Total Cost Management process is MOST focused on ensuring that cost engineering work products meet defined quality standards?
Answer: Quality/change control
Quality/change control within the TCM framework is specifically focused on ensuring that cost engineering deliverables meet defined quality standards and that deviations are managed.