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AACE International AACE-PSP (Planning & Scheduling Professional (PSP)) Certification Exam is designed to test the knowledge and skills of professionals in the field of project planning and scheduling. Planning & Scheduling Professional (PSP) Exam certification is recognized globally as a mark of excellence in project management, and is highly valued by employers in industries such as construction, engineering, and manufacturing. The AACE-PSP certification is intended for professionals who have at least three years of experience in project planning and scheduling, and who are looking to advance their careers and demonstrate their proficiency in this field.
Obtaining the AACE-PSP certification can provide many benefits for professionals in project management. Planning & Scheduling Professional (PSP) Exam certification can help professionals stand out in a competitive job market and demonstrate their expertise in project planning and scheduling. Additionally, the certification can lead to higher salaries and greater job opportunities.
Preparing for the AACE-PSP certification exam requires a significant commitment of time and effort. Candidates must have a thorough understanding of project management principles, tools, and techniques, and must be able to apply this knowledge to solve real-world problems. There are many study resources available, including textbooks, online courses, and practice exams, to help candidates prepare for the exam.
NEW QUESTION # 61
For which of these delays should an owner grant a time extension?
- A. Differing site conditions and centrifuge delay.
- B. Structural steel shop drawings.
- C. Differing site conditions at parking structure.
- D. Shop drawings and centrifuge delay.
Answer: C
NEW QUESTION # 62
In the "normal" schedule, excluding Activity 1000, what activity(s) are concurrent with Activity 3001?
- A. 2004.
- B. 2003 and 7001.
- C. 4001, 5001 and 6001.
- D. 4001 and 5001.
Answer: D
Explanation:
Activity Overview and Dependencies:
From the provided schedule data, Activity 3001 (Excavation, Dam Site) starts with multiple logical relationships:
Successor activities include SS (Start-to-Start) and FS (Finish-to-Start) dependencies with other tasks.
Specifically, these relationships link 3001 to 4001 (Excavation, Spillway) and 5001 (Drill and Grout, Dam Site).
Normal Schedule Context:
Excluding Activity 1000, we focus on Activity 3001's logical relationships to determine which activities are concurrent.
In the "Normal Schedule", Activity 3001 has a duration of 152 days and overlaps with Activities 4001 (152 days) and 5001 (102 days). Both activities share similar dependencies and durations with Activity 3001, making them concurrent.
Schedule Dependency Analysis:
Concurrent activities are identified by overlapping durations and logical relationships that align their schedules.
Activity 4001 is linked via SS and FF dependencies, ensuring simultaneous start and finish points.
Activity 5001 starts as 3001 progresses (SS and FS dependencies).
Final Answer Validation:
Other listed activities, such as 2003 and 7001 (Answer A) or 2004 (Answer B), are not logically or temporally concurrent based on their dependencies and durations.
Only 4001 and 5001 have concurrent schedules aligning with Activity 3001.
Study Guide Reference:
Planning and Scheduling Professional Certification Study Guide, Chapter 2 - Scheduling, sections on "Dependencies and Constraints" (p. 157) and "Sequencing Activities" (p. 151).
For further insights into identifying concurrency using logical relationships, refer to AACE's Recommended Practice 10S-90: Cost Engineering Terminology.
This structured approach ensures alignment with PSP standards and principles in evaluating concurrent activities in complex schedules.
NEW QUESTION # 63
What is the primary difference between the arrow diagramming method (ADM) and the precedence diagramming method (PDM)?
- A. PDM is a bar chart with network logic, while ADM is a pure logic network.
- B. ADM uses arrows, while PDM uses boxes.
- C. ADM is limited to finish-to-start logic relationships, while PDM is not.
- D. ADM is manual CPM calculations, while PDM is computerized.
Answer: C
NEW QUESTION # 64
Which of the following will always describe the critical path? The path with
- A. Zero float.
- B. The shortest duration and negative float.
- C. The longest duration through the network.
- D. Negative float.
Answer: A
Explanation:
A
* Critical Path Characteristics:
The critical path is the sequence of activities that determines the overall project duration.
It represents the longest duration path through the network and typically has zero float unless delays or constraints introduce negative float.
* PSP Study Guide Reference:
Critical path analysis is a foundational concept in schedule management, as covered extensively in the PSP guide.
* Analysis of Options:
Option A: Correct. The critical path always has the longest duration.
Option B: Zero float is common but not universal due to constraints or delays.
Option C and D: Negative float describes specific scenarios but does not define the critical path universally.
* Conclusion: The correct answer is A, as the critical path is the longest-duration path through the network.
NEW QUESTION # 65
The sum of all budgets for work scheduled to be accomplished within a given time period is the ____________.
- A. Estimate at completion (EAC)
- B. Budgeted cost of work performed (BCWP)
- C. Budget at completion (BAC)
- D. Budgeted cost of work scheduled (BCWS)
Answer: D
Explanation:
The sum of all budgets for work scheduled to be accomplished within a specific time period is referred to as the Budgeted Cost of Work Scheduled (BCWS). It represents the planned value of work to be performed during the reporting period.
Option A (Estimate at Completion - EAC) refers to the projected final cost of the project.
Option B (Budget at Completion - BAC) is the total project budget.
Option C (Budgeted Cost of Work Performed - BCWP) refers to the earned value.
This definition aligns with earned value management concepts covered in the PSP Study Guide.
NEW QUESTION # 66
When should the project documents be reviewed to assess their impact on the organization and administration of a project?
- A. During the Bid Phase
- B. After the NTP
- C. Before the commercial decision to Did on the project
- D. After the Award and before the NTP
Answer: C
NEW QUESTION # 67
Which of the following parties is NOT a stakeholder of the Spring Highway project?
- A. ALPHA
- B. BILCO
- C. GOUGE
- D. DEVCO
Answer: A
NEW QUESTION # 68
What owner action could have mitigated the late completion of the project?
- A. Self-perform more of the work.
- B. Prepare better structural steel drawings.
- C. Hire a more senior project manager.
- D. Use a procurement agent to monitor and expedite equipment deliveries.
Answer: D
NEW QUESTION # 69
When resource leveling craft labor for a critical path schedule, the scheduler
- A. Need only consider the non-union crafts persons.
- B. Must consider breaks in continuity of work for subcontractors, thereby possibly incurring additional subcontractor mobilization and demobilization costs.
- C. Can depend on the results of the resource leveling operation to reflect a useful realignment of all schedule activities without 'further analysis.
- D. Need not consider its effects, as it is a theoretical concept with limited application to construction projects.
Answer: C
NEW QUESTION # 70
Assumptions made during the planning stage should be_____________.
- A. solely based on a solid experiential database
- B. replaced with facts as soon as they are known
- C. clearly stated as such in an internal memo
- D. a risk that is shifted to the implemented in the field
Answer: D
NEW QUESTION # 71
Determine the correct formula and date for the late finish for Activity 2002.
- A. LS.2003 - 1 day -> 10-06-01.
- B. LS.2003 + 1 day -> 10-07-01.
- C. LS.2003 - 1 day -> 10-05-01.
- D. LS.2003 - 1 day -> 11.06.01.
Answer: C
Explanation:
* Activity Relationships:
Activity 2002 is directly succeeded by Activity 2003 in the schedule.
The late start (LS) of Activity 2003 determines the late finish (LF) of Activity 2002, adjusted by any lags or additional constraints.
* Late Finish Calculation Formula:
LF of 2002 = LS of 2003 - 1 day.
This accounts for the predecessor-successor logic and the sequence of activities.
* Date Calculation:
Late start of 2003 = 10-06-01.
Late finish of 2002 = 10-06-01 - 1 day = 10-05-01.
* Verification:
PSP guidelines emphasize that late finish values are derived by subtracting any relevant time constraints from the successor's late start (Ref: PSP Study Guide, Chapter 2A: Backward Pass Calculations)
NEW QUESTION # 72
Which of the following documents is most likely to be of the LEAST value to a planner/scheduler when planning a contractor's baseline critical path schedule for the construction of a large high-clearance bridge located very near an airport? The contractor has been awarded the contract.
- A. The project geotechnical report
- B. The regulations published by the government aviation agency
- C. The government's report on future high-clearance bridge projects
- D. The project plans and specifications
Answer: C
NEW QUESTION # 73
Using the "normal" schedule, theoretically construct a hammock for activities 2001 through 2004. What is the duration of the hammock?
- A. 91 days
- B. 193 days
- C. 168 days
- D. 183 days
Answer: D
NEW QUESTION # 74
Which of the following will NOT affect the total float calculation of a non-resource leveled schedule?
- A. Front end loading.
- B. Start and finish constraints.
- C. Preferential logic.
- D. Multiple calendars.
Answer: A
Explanation:
Total float is influenced by factors like multiple calendars, start/finish constraints, and preferential logic because these directly affect the calculation of early and late dates.
Option D (front end loading), which involves distributing work to earlier project phases, does not inherently affect float calculations as it primarily pertains to resource or phase management strategies.
NEW QUESTION # 75
Due to a testing delay, release of the product for manufacture is delayed by 5 workdays and the product manual misses its print window at the printer. If the printer is delayed by 10 workdays, what is the delay to produce release?
- A. 0 days.
- B. 15 days.
- C. 5 days.
- D. 10 days.
Answer: C
NEW QUESTION # 76
Which of the following is least likely to affect the criticality of resources in resource planning process?
- A. Organizational resources availability
- B. Feedback from resource optimization
- C. Organization breakdown structure
- D. Cost estimating process output
Answer: D
NEW QUESTION # 77
When resource leveling craft labor for a critical path schedule, the scheduler
- A. Need only consider the non-union crafts persons.
- B. Need not consider its effects, as it is a theoretical concept with limited application to construction projects.
- C. Must consider breaks in continuity of work for subcontractors, thereby possibly incurring additional subcontractor mobilization and demobilization costs.
- D. Can depend on the results of the resource leveling operation to reflect a useful realignment of all schedule activities without 'further analysis.
Answer: C
NEW QUESTION # 78
If someone wanted to constrain a project's end date so that any project slippage would cause negative float, they would do so by using
- A. Finish-no-earlier constraint on the first activity
- B. Finish-no-earlier constraint on the last activity
- C. Finish-no-later constraint on the last activity
- D. Start-no-later constraint on the first activity
Answer: C
Explanation:
To constrain a project's end date, a Finish-No-Later constraint is applied to the last activity. This ensures any slippage results in negative float, signaling delays relative to the fixed deadline.
Option A and B apply to earlier constraints, which are not relevant for controlling the project's end date.
Option D applies a constraint to the first activity, not the project finish.
This concept aligns with controlling project deadlines as described in the PSP Study Guide.
NEW QUESTION # 79
What method offers the best chance of the schedule being used effectively to implement the project in the field?
- A. Issue detailed schedule updates as frequently as possible.
- B. Include detailed and stringent set of scheduling specifications in the contract.
- C. Obtain consent and agreement to the schedule from the key project personnel.
- D. Allow large time contingencies on milestones and completion deadlines.
Answer: C
Explanation:
An effective schedule is one that is realistic, collaborative, and accepted by key stakeholders involved in project execution.
Gaining consent and agreement ensures buy-in, facilitates implementation, and minimizes disputes (Option B).
Frequent updates (Option A) are essential for tracking but are insufficient without team agreement.
Contract specifications (Option C) govern compliance but do not guarantee effective field use.
Large contingencies (Option D) may reduce accountability and create inefficiencies in project management.
Collaboration and stakeholder involvement, as emphasized in the PSP Study Guide, are essential for schedule usability.
NEW QUESTION # 80
The sum of all budgets for work scheduled to be accomplished within a given time period is the
____________.
- A. Estimate at completion (EAC)
- B. Budgeted cost of work performed (BCWP)
- C. Budget at completion (BAC)
- D. Budgeted cost of work scheduled (BCWS)
Answer: C
NEW QUESTION # 81
Using the crashed schedule, if you start Activity 2002 on 12 August 2021. what is the finish date for Activity 2002?
- A. 19 Sep 2021
- B. 27 Aug 2021
- C. 09 Sep 2021
- D. 08 Sep 2021
Answer: C
Explanation:
* Activity 2002 in the Crashed Schedule:
Activity 2002 duration in the crashed schedule is 28 days.
Start Date: 12 August 2021.
Finish Date = Start Date + Duration (excluding non-working days).
* Calculation:
12 August + 28 days = 09 September 2021 (excluding weekends or non-working days based on typical calendars).
* Verification with PSP Guidelines:
Accurate calculation of start and finish dates aligns with scheduling best practices (Ref: PSP Study Guide, Chapter 2A: Schedule Development).
NEW QUESTION # 82
In the "normal" schedule, excluding Activity 1000, what activity(s) are concurrent with Activity 3001?
- A. 2004.
- B. 2003 and 7001.
- C. 4001, 5001 and 6001.
- D. 4001 and 5001.
Answer: D
NEW QUESTION # 83
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