CCE Technical Standards & Specifications

Question 1

What is the PRIMARY purpose of a professional code of ethics in Certified Cost Engineer?

Accepted Answer

To establish standards of conduct that protect the public and maintain professional integrity

Answer

Professional codes of ethics establish standards of conduct that protect the public interest and maintain the integrity and reputation of the profession.

Question 2

In Certified Cost Engineer practice, what should a professional do when facing an ethical dilemma?

Accepted Answer

Consult the code of ethics, seek guidance from supervisors, and document the situation

Answer

When facing ethical dilemmas, professionals should reference established codes of ethics, seek appropriate guidance, and document the situation and their decision-making process.

Question 3

Which of the following represents a conflict of interest for a CCE professional?

Accepted Answer

Having a financial stake in a vendor while being responsible for vendor selection

Answer

A conflict of interest occurs when personal interests could improperly influence professional judgment, such as having financial ties to vendors while making purchasing decisions.

Question 4

What is the legal obligation of a CCE professional regarding confidential information?

Accepted Answer

Protect confidential information and only disclose it when authorized or legally required

Answer

Professionals have a legal and ethical obligation to protect confidential information and only disclose it when properly authorized or when legally required to do so.

Question 5

In the context of Certified Cost Engineer, what constitutes professional negligence?

Accepted Answer

Failure to exercise the degree of care that a reasonably competent professional would exercise

Answer

Professional negligence occurs when a professional fails to meet the standard of care that a reasonably competent professional with similar training and experience would provide.

CCE - Certified Cost Engineer Practice Test

CCE - Certified Cost Engineer Practice Test

CCE Technical Standards & Specifications