CCC Documentation & Record Management 2

Question 1

Which document establishes the baseline for measuring project cost performance under the Earned Value Management system?

Accepted Answer

Performance Measurement Baseline (PMB)

Answer

The Performance Measurement Baseline integrates scope, schedule, and cost baselines and serves as the reference for EVM variance analysis.

Question 2

A cost consultant discovers that change order documentation is missing supporting backup for labor costs. What is the BEST corrective action?

Accepted Answer

Request substantiating records from the contractor before processing payment

Answer

Payment approval requires adequate substantiation; requesting backup protects the owner and ensures audit integrity.

Question 3

What is the primary purpose of a transmittal log in project documentation management?

Accepted Answer

To track the sending and receiving of project documents between parties

Answer

A transmittal log creates an auditable trail of what documents were sent to whom and when, preventing disputes about notice and delivery.

Question 4

Under AACE International standards, a Class 5 cost estimate is typically based on which type of project definition?

Accepted Answer

0–2% project definition using capacity-factored or parametric methods

Answer

Class 5 estimates are conceptual screening estimates with minimal project definition, relying on order-of-magnitude techniques.

Question 5

Which record is MOST critical for establishing the original contract cost baseline in a claims analysis?

Accepted Answer

The executed contract with all bid documents and schedules of values

Answer

The executed contract, including bid documents and schedules of values, defines the agreed scope, price, and payment structure that underpins any claims comparison.

CCC Practice Test

CCC Practice Test

CCC Documentation & Record Management 2