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Passing the AACE-PSP exam requires a thorough understanding of project management principles, as well as the ability to apply them in real-world scenarios. AACE-PSP exam is challenging, and candidates must be well-prepared to succeed. Fortunately, AACE International offers a variety of resources to help candidates prepare, including study materials, online courses, and practice exams. By earning the AACE-PSP certification, professionals can enhance their career opportunities and demonstrate their commitment to excellence in project planning and scheduling.
The AACE-PSP certification program provides professionals with the opportunity to validate their expertise in project planning and scheduling. Planning & Scheduling Professional (PSP) Exam certification program also provides professionals with a competitive edge in the job market and enhances their professional credibility. By earning the AACE-PSP certification, professionals can demonstrate their commitment to continuous learning and professional development.
To be eligible for the AACE-PSP certification, candidates must have a minimum of four years of professional experience in planning and scheduling. They must also have a bachelor's degree from an accredited institution, or a combination of education and experience that equals four years. Planning & Scheduling Professional (PSP) Exam certification exam consists of 120 multiple-choice questions, which cover topics such as project planning, scheduling, resource management, and earned value management.
NEW QUESTION # 47
The sum of all budgets for work scheduled to be accomplished within a given time period is the ____________.
- A. Budget at completion (BAC)
- B. Budgeted cost of work scheduled (BCWS)
- C. Budgeted cost of work performed (BCWP)
- D. Estimate at completion (EAC)
Answer: B
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 # 48
How much Total Float does drafting the product manual have?
- A. 5 workdays.
- B. 10 workdays.
- C. 0 workdays.
- D. 15 workdays.
Answer: C
Explanation:
* Total Float Analysis:
Total float = Late Finish (LF) - Early Finish (EF) or Late Start (LS) - Early Start (ES).
Activity C (Draft Product Manual) lies on the critical path, so its float is 0.
* Verification with PSP Guidelines:
The PSP Study Guide defines total float as the amount of time an activity can be delayed without delaying the project (Ref: PSP Study Guide, Chapter 2A: Float Analysis).
NEW QUESTION # 49
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. 10 days.
- C. 15 days.
- D. 5 days.
Answer: D
NEW QUESTION # 50
These are the activities on the critical path:
- A. A, C, E, & H.
- B. A, B, F, & J
- C. A, D, & I.
- D. A, B, G, & H.
Answer: D
Explanation:
* Critical Path Identification:
The critical path is the longest sequence of activities that determines the project's minimum duration.
Path: A → B → G → H.
* Exclusion of Other Options:
Paths involving F, J, or non-critical activities do not align with the longest duration.
* Verification with PSP Guidelines:
The PSP Study Guide emphasizes identifying the critical path for schedule optimization (Ref: PSP Study Guide, Chapter 2A: Critical Path Analysis)
NEW QUESTION # 51
Determine the correct formula and date for the late finish for Activity 9004.
- A. LS.10002^ Lag.7 + i day -> 11-20-03.
- B. LS.10002 - Lag.7 - l day -> 11-20-03.
- C. LS.10002 - 1 day -> 11-27-03.
- D. LS.10002 + 1 day -> 11-29-03.
Answer: B
Explanation:
* Analyze the Data and Logic:
Activity 9004 ("Valve House Embankment"): This activity has a direct Finish-to-Start (FS) relationship with Activity 10002, with a lag of 7 days.
Late Start (LS) and Late Finish (LF): In backward pass calculations, the late finish of the successor activity is adjusted for lag and task duration to determine the late start of the predecessor activity.
* Formula for Late Finish (LF):
The Late Finish of Activity 9004 is derived by taking the Late Start (LS) of Activity 10002, subtracting the lag of 7 days, and subtracting 1 day to calculate the exact finish date.
* Correct Date Calculation:
Given the Late Start (LS) of Activity 10002:
LS.10002 = 11-28-03.
Apply the formula:
LF.9004 = LS.10002 - Lag.7 - 1 day = 11-28-03 - 7 days - 1 day = 11-20-03.
* Cross-Verification with Answer Options:
Option A: Incorrect. Misrepresents the formula.
Option B: Incorrect. Incorrect application of logic and lag adjustments.
Option C: Incorrect. Omits the correct lag consideration.
Option D: Correct. Matches both formula and calculated date.
NEW QUESTION # 52
Identify the late finish to develop plans and specs.
- A. 8 months.
- B. 9 months.
- C. 7 months.
- D. 10 months.
Answer: B
NEW QUESTION # 53
In order for a claimant to be entitled to an extension of contract time for a delay event (and further to be considered compensable):
- A. The delay must not cause monetary harm to the defendant.
- B. The delay must be concurrent with the delay attributable to both parties.
- C. The delay must affect the contractor's planned construction schedule.
- D. The delay must affect the critical path.
Answer: D
Explanation:
* Critical Path and Delays:
A delay must impact the critical path to qualify for a time extension or compensable delay, as the critical path determines the project's overall completion time.
If the critical path is not affected, the delay is considered to have "float," which means it does not affect the project's completion date and, therefore, may not be compensable.
* PSP Study Guide Reference:
Delays impacting the critical path are emphasized in the PSP Study Guide under schedule analysis and delay management sections. The claimant must demonstrate that the delay impacts key project milestones and overall project completion.
* Analysis for Selection:
Option A: Correct. A delay that does not affect the critical path does not result in additional time or compensation.
Option B: Concurrent delays involve shared responsibility and may complicate claims for compensation but are not a strict requirement for delay consideration.
Option C: Monetary harm is not directly relevant to time extension entitlement.
Option D: While planned schedules are significant, the focus is on the project's critical path, not just the contractor's planned sequence.
* Conclusion: The correct answer is A because affecting the critical path is the key determinant for entitlement to a time extension or compensable delay.
NEW QUESTION # 54
Which of the following will NOT affect the total float calculation of a non-resource leveled schedule?
- A. Preferential logic.
- B. Front end loading.
- C. Start and finish constraints.
- D. Multiple calendars.
Answer: B
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 # 55
What is the actual duration as of the status date or data date of Activity B?
- A. 4.
- B. 3.
- C. 0.
- D. 7.
Answer: B
NEW QUESTION # 56
As a change to the network for the current update, activity 6002 is required to begin ten days after the beginning of activity 6001. Which is the simplest logic organization?
- A. A finish-to-start relationship with a ten-day lag assigned to activity 6002; activity 6001 will be dependent on activity 6002
- B. A start-to-start to relationship for both activities 6001 and 6002 with a ten-day lag assigned to activity
6002. - C. A start-to-start relationship with a ten-day lag assigned to activity 6001; activity 6002 will be dependent on activity 6001
- D. A start-to-finish relationship with both activities 6001 and 6002 having a ten-day lag
Answer: A
NEW QUESTION # 57
Of the following update procedures, which is the least important in achieving an accurate forecast for completion of a construction schedule?
- A. The correct recording of actual start dates.
- B. Estimating remaining durations of activities.
- C. Making "downstream" logic revisions as required.
- D. Entering the time impacts of delays and change orders.
Answer: C
NEW QUESTION # 58
What is the remaining work duration of Active D?
- A. 4.
- B. 8.
- C. 0
- D. 3.
Answer: B
Explanation:
Understand the Relationship Between G and H:
The time-scaled diagram shows that Activity H starts immediately after the finish of Activity G.
This is indicative of a Finish-to-Start (FS) relationship.
Cross-Verification:
Option A: Incorrect. The relationship is visible in the diagram.
Option B: Incorrect. There is no evidence of a Start-to-Start (SS) relationship.
Option D: Incorrect. Finish-to-Finish (FF) is not applicable here.
Option C: Correct. FS relationship matches the network logic.
NEW QUESTION # 59
When reconstructing a CPM schedule electronically from a hardcopy, which of the following is NOT required to determine the critical path?
- A. Assigned party responsibility for each work task
- B. Tabular listing of activities showing duration, calendar ID, early and late dates
- C. Detailed listing of working days for each calendar used
- D. Predecessor and successor listing with logic type and lag duration, preferably sorted by activity ID
Answer: A
Explanation:
To reconstruct a CPM schedule electronically and determine the critical path, the following are essential:
Detailed listing of working days for each calendar (Option A): Ensures accurate scheduling across varying work periods.
Predecessor and successor relationships (Option B): Establishes logic and dependencies.
Tabular data including early/late dates (Option D): Necessary for computing float and identifying the critical path.
Assigned party responsibility (Option C) is important for resource management but not required to calculate the critical path.
NEW QUESTION # 60
Using the normal schedule and excluding general conditions, which activities are NOT on the critical path?
- A. 5001,7001.8001,9001,9004,9005
- B. 7001, 8001, 9001. 9003. 9004. 10002
- C. 6001, 8001, 9001. 9002, 9004. 9005
- D. 2003,8001.9001.9002,9005,10001
Answer: A
Explanation:
Activities not on the critical path are those with positive float, meaning they can be delayed without affecting the overall project completion time. The determination of such activities requires performing a forward and backward pass calculation as per CPM (Critical Path Method) analysis principles (PSP Study Guide, Section 2.2.4, "Relationships").
For example:
Identify the critical path by analyzing total float values (typically, critical path activities have zero total float).
Exclude activities that do not fall on the critical path.
NEW QUESTION # 61
What is a key first step in developing a critical path method schedule?
- A. Drawing a bar chart of the key phrases of the work.
- B. Setting out the resource to be used and its limitations.
- C. Drawing the logic diagram.
- D. Defining the execution plan to meet the required scope of work.
Answer: D
Explanation:
Defining the execution plan is the foundational step in creating a CPM schedule. This involves understanding the project's scope of work and outlining how it will be executed to meet project objectives.
Option A (bar chart) is a visualization step but does not address planning the sequence or scope execution.
Option C (resources) comes later in schedule development after the scope and plan are defined.
Option D (logic diagram) is a subsequent step that relies on the execution plan.
The PSP Study Guide emphasizes scope and execution planning as critical first steps.
NEW QUESTION # 62
Determine the driving activity for Activity 10001.
- A. Activity 10002.
- B. Activity 9005.
- C. There is no driving activity for Activity 10001 in the backward pass.
- D. Activity 11001.
Answer: D
Explanation:
Driving Activity Concept:
The driving activity in a backward pass is the one that determines the late start or finish of the dependent activity.
Activity 10001 (Valve House - Complete) is directly dependent on its successor, Activity 11001 (Spillway - Concrete).
Backward Pass Logic:
In backward pass calculations, the late start of Activity 11001 establishes the late finish of Activity 10001 due to their finish-to-start (FS) relationship.
This makes Activity 11001 the driving activity.
Verification:
According to the PSP Study Guide, driving activities are identified based on their logical ties and the critical path's constraints (Ref: PSP Study Guide, Chapter 2A: Activity Relationships and Critical Path Analysis).
Thus, the driving activity for Activity 10001 is A. Activity 11001.
NEW QUESTION # 63
Using the normal schedule, theoretically construct a hammock for activities 6001-6003. What is the duration of the hammock?
- A. 255 days
- B. 477 days
- C. 407 days
- D. 267 days
Answer: D
NEW QUESTION # 64
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 government's report on future high-clearance bridge projects
- B. The regulations published by the government aviation agency
- C. The project geotechnical report
- D. The project plans and specifications
Answer: A
NEW QUESTION # 65
All the following describe the critical path of a schedule EXCEPT:
- A. Determined by network logic and is the chain of activities that controls the overall project completion time.
- B. The series of activities having the least amount of total float.
- C. Changed by redefining the network logic or changing activity durations or both.
- D. Frequently defined as the shortest path through the schedule.
Answer: D
Explanation:
* Critical Path Characteristics:
The critical path is the longest path through the network, defining the minimum project completion time. It cannot be the shortest path.
* PSP Study Guide Reference:
Critical path analysis emphasizes that it is determined by network logic and represents the chain of activities controlling the project duration.
* Analysis for Selection:
Option A, C, and D: Accurately describe the critical path.
Option B: Incorrect; the critical path is not the shortest path.
* Conclusion: The correct answer is B, as the critical path is the longest path, not the shortest.
NEW QUESTION # 66
You are retained by a contractor who asks you to perform a simple as-planned versus as-built analysis (APAB) of a large hydro-electric dam project that took more than five years to complete. Your analysis will form the basis of a change order that requests a time extension. You suggest using a different methodology for quantifying the delay. Which of the following reasons for recommending a different analysis does NOT apply to a simple APAB analysis?
- A. Accuracy is increased by inserting delaying events into the as-planned schedule.
- B. Not suitable for projects with long durations.
- C. Less accurate as the analysis advances through the project.
- D. Not suitable for complicated projects with multiple planned critical paths.
Answer: A
NEW QUESTION # 67
How could the structural steel drawing delay have been prevented?
- A. Allow adequate time for review and resubmittal in the baseline schedule.
- B. Release the structural steel for fabrication concurrent with review of structural steel shop drawings.
- C. Add a time buffer at the end of structural steel activities.
- D. Switch to post-tensioned concrete construction.
Answer: C
NEW QUESTION # 68
In the "normal" schedule, excluding Activity 1000, what activity(s) are concurrent with Activity 3001?
- A. 4001 and 5001.
- B. 2003 and 7001.
- C. 2004.
- D. 4001, 5001 and 6001.
Answer: A
NEW QUESTION # 69
If after calculating a schedule an activity exhibits negative total float, which of the following is certain? The activity
- A. Is a milestone.
- B. It is on the critical path.
- C. Has yet to be completed.
- D. Was completed in the past.
Answer: C
Explanation:
Negative total float occurs when an activity's scheduled completion date extends beyond the project deadline due to constraints. This condition indicates that the activity is still pending and needs immediate attention to avoid further delays.
Option A (milestone) is unrelated.
Option B (critical path) is not necessarily true, as activities with negative float can exist off the critical path under certain constraints.
Option C (completed in the past) is incorrect as negative float applies only to future or ongoing activities.
NEW QUESTION # 70
Determine the correct formula and date for the late finish for Activity 2001.
- A. LF.2001 - 1 day -> 08-28-01.
- B. LS.2002 - 1 day -> 08-28-01.
- C. LS.2002- 1 day-> 08-29-01.
- D. LS.2002 + 1 day -> 08-30-01.
Answer: B
NEW QUESTION # 71
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