1|Page
AACE CCT PRIMER EXAM AND PRACTICE EXAM
NEWEST 2025/2026 COMPLETE 250 QUESTIONS AND
100%CORRECT DETAILED ANSWERS |ALREADY
GRADED A+||UPDATED VERSION!!
The fear of failure approach can be a strong motivator in
situations when the _________ for failure
are especially distasteful or _______. However, it should
be employed only in ______ circumstances, such as if a
project is headed for crisis, and immediate action is
required - ANSWER-consequences, catastrophic, unusual
The sum of the practices and processes that an enterprise
uses to manage the total life cycle cost investment in its
portfolio of strategic assets is called _________ -
ANSWER-Total Cost Management
,2|Page
______ is the application of scientific principles and
techniques to problems of :
- estimation
- cost control
- business planning & management science
- profitability analysis
- project management
- planning & scheduling - ANSWER-Cost Engineering
_______ Is the value of an activity or asset. Generally, this
value is determined by the cost of the resources that are
expended to complete the activity or produce the asset. An
example would be the facilities needed to produce an
,3|Page
activity or asset, which would include the tooling,
electricity, taxes, and maintenance, etc., necessary to
keep the facility available for use. Other costs might be
office supplies, communication costs, travel costs, and
security costs - ANSWER-Cost
Any consumable, except time, required to accomplish an
activity are considered _______. From a total cost and
asset management perspective, _______ may include any
real or potential investment in strategic assets including
time, monetary, human, and physical. - ANSWER-
Resources, Resources
, 4|Page
A resource becomes a cost when it is ______ or
consumed in an _____or project - ANSWER-invested,
project
Material, labor, and "other" are categories of _________. -
ANSWER-Resources
The product lifecycle is the complete history of a product
through its ______, definition, production, operation, and
obsolescence /______ phases. - ANSWER-concept,
disposal
AACE CCT PRIMER EXAM AND PRACTICE EXAM
NEWEST 2025/2026 COMPLETE 250 QUESTIONS AND
100%CORRECT DETAILED ANSWERS |ALREADY
GRADED A+||UPDATED VERSION!!
The fear of failure approach can be a strong motivator in
situations when the _________ for failure
are especially distasteful or _______. However, it should
be employed only in ______ circumstances, such as if a
project is headed for crisis, and immediate action is
required - ANSWER-consequences, catastrophic, unusual
The sum of the practices and processes that an enterprise
uses to manage the total life cycle cost investment in its
portfolio of strategic assets is called _________ -
ANSWER-Total Cost Management
,2|Page
______ is the application of scientific principles and
techniques to problems of :
- estimation
- cost control
- business planning & management science
- profitability analysis
- project management
- planning & scheduling - ANSWER-Cost Engineering
_______ Is the value of an activity or asset. Generally, this
value is determined by the cost of the resources that are
expended to complete the activity or produce the asset. An
example would be the facilities needed to produce an
,3|Page
activity or asset, which would include the tooling,
electricity, taxes, and maintenance, etc., necessary to
keep the facility available for use. Other costs might be
office supplies, communication costs, travel costs, and
security costs - ANSWER-Cost
Any consumable, except time, required to accomplish an
activity are considered _______. From a total cost and
asset management perspective, _______ may include any
real or potential investment in strategic assets including
time, monetary, human, and physical. - ANSWER-
Resources, Resources
, 4|Page
A resource becomes a cost when it is ______ or
consumed in an _____or project - ANSWER-invested,
project
Material, labor, and "other" are categories of _________. -
ANSWER-Resources
The product lifecycle is the complete history of a product
through its ______, definition, production, operation, and
obsolescence /______ phases. - ANSWER-concept,
disposal
