CCP Exam Dumps : Certified Cost Professional (CCP) Exam

Float, also known as "slack," refers to the amount of time that a project task can be delayed without causing a delay to subsequent tasks or the overall project completion. The types of float include:

Total Float:The amount of time a task can be delayed without delaying the project's completion date.

Negative Float:Occurs when the project is behind schedule, meaning tasks must be accelerated to meet deadlines.

Free Float:The amount of time a task can be delayed without delaying the early start of any subsequent tasks.

Open endis not recognized as a type of float. Therefore, it is the correct answer as it does not belong to this list.

TheSchedule Performance Index (SPI)is a key metric in Earned Value Management that measures how efficiently time is being used on a project.

Key Points:

SPI Calculation:

SPI = BCWP / BCWS

BCWP (Budgeted Cost of Work Performed) = $105,000

BCWS (Budgeted Cost of Work Scheduled) = $100,000

SPI = 105,000 / 100,000 = 1.05

Interpreting SPI:

An SPI greater than 1 indicates the project is ahead of schedule.

Conclusion:The correct answer isC. BCWP/BCWS = 105,000/100,000 = 1.05because this accurately reflects the schedule performance index for the project.

You need to find the relative frequency of unit costs from Atlanta, GA.

Steps:

Identify the number of bids from Atlanta, GA:

8/31/05: 530 units at $55.00/unit

11/19/04: 308 units at $40.00/unit

1/26/05: 45 units at $26.78/unit

Total number of instances: 3