CCC Quality Assurance & Compliance 2

Question 1

Which document formally establishes the quality standards and procedures that a project team must follow throughout the project lifecycle?

Accepted Answer

Quality Management Plan

Answer

A Quality Management Plan defines quality standards, objectives, and procedures that guide quality assurance activities for a project.

Question 2

A cost consultant discovers that unit cost data submitted by a contractor does not align with published industry benchmarks. What is the FIRST step the consultant should take?

Accepted Answer

Request supporting documentation and a breakdown from the contractor

Answer

Before escalating, the consultant should request supporting documentation to determine whether the discrepancy is justified or erroneous.

Question 3

In cost estimating, what is the primary purpose of a peer review?

Accepted Answer

To independently verify the accuracy and completeness of an estimate

Answer

Peer reviews provide an independent verification of estimates to identify errors, omissions, and inconsistencies before they impact the project.

Question 4

Which of the following BEST describes a quality audit in the context of cost management?

Accepted Answer

A structured review to determine whether project activities comply with established policies and procedures

Answer

A quality audit is a structured, independent review that assesses whether project processes and activities comply with defined standards and procedures.

Question 5

The AACE International Cost Engineering Terminology standard defines 'accuracy range' in estimating primarily as a function of which variable?

Accepted Answer

Project complexity and available definition

Answer

Accuracy range in AACE's classification system is primarily driven by the level of project definition (scope maturity) available at the time of the estimate.

CCC Practice Test

CCC Practice Test

CCC Quality Assurance & Compliance 2