AACE-PSP Self-Study Guide for Becoming an Planning & Scheduling Professional (PSP) Exam Expert

AACE-PSP Study Guide Realistic Verified AACE-PSP Dumps

AACE International is a globally recognized professional association for the management and development of cost and schedule professionals. The organization provides a variety of professional certifications, including the AACE-PSP (Planning & Scheduling Professional) certification, designed for professionals who specialize in project scheduling, planning, and control.

Introduction to Planning & Scheduling Professional (PSP) Exam

A PSP is a technical specialist in planning and scheduling with specialized experience in project planning and the production, tracking, updating, forecasting, and analysis of integrated project schedules. Under the AACE International Total Cost Management (TCM) system, the PSP leads the planning and scheduling process. A PSP can interact efficiently, both internal and external, with all project stakeholders.

In each of those chapters, the PSP Certification exam is divided into two main chapters (Planning and Scheduling) and two sections. A glimpse of all these sections could be found in the PSP exam dumps as well:

• Planning product
• Schedule maintenance and reporting
• Schedule development
• Planning development

Planning is the mechanism by which the length of the project task is added to the schedule is to define the project goals and the orderly tasks required to complete the project (the thought part) and not to be confused with scheduling.

Scheduling is a summary of when it is possible to complete each operation in a project and
It must be finished to be done on schedule. The simplest of schedules displays the beginning and completion of operations of a given period in bar chart format. More complex schedules provide schedule logic, usually in CPM format, and display the critical path and floats associated with each operation. A time series of events and activities that reflect an operational timetable. The schedule describes the relative task start and end times and event occurrence times. On a calendar framework or on an elapsed time scale, a schedule can be presented.

The exam is administered through computer-based testing (CBT) and consists of questions of multiple choice and essay-style questions. This test is a closed book. Programmable or preprogrammed calculators are also allowed (including those with financial functions). See the PSP practice exams to understand the paper format. This exam provides a framework for formally evaluating the expertise and abilities of the person in a subject against generally agreed standards. It recognizes those who have
demonstrated their experience and expertise in planning and scheduling.

NO.61 What is the cycle time?

 5 minutes

 17 minutes

 14 minutes

 6 minutes

NO.62 Using the “normal” schedule, what is the early finish date of activity 10002 and its total float?

 12-27-03 and 24 days of float

 12-18-03 and 4 days of float

 12-17-03 and 4 days of float

 12-18-03 and 25 days of float

NO.63 Which statement is true?

 Where compensability cannot be established, excusability is assumed.

 Where compensability can be established, excusabltity cannot be assumed.

 Where compensability cannot be established, excusability is a given.

 Where compensability can be established, excusability is assumed.

NO.64 When resource leveling craft labor for a critical path schedule, the scheduler

 Must consider breaks in continuity of work for subcontractors, thereby possibly incurring additional subcontractor mobilization and demobilization costs.

 Can depend on the results of the resource leveling operation to reflect a useful realignment of all schedule activities without ‘further analysis.

 Need not consider its effects, as it is a theoretical concept with limited application to construction projects.

 Need only consider the non-union crafts persons.

NO.65 Which of the following types of delay will NOT result in a time extension and additional compensation for a contractor?

 Non-excusable delay

 Compensable delay

 Non-compensable delay

 Excusable delay

NO.66 Project schedules help control all of the following EXCEPT for_____________________.

 Quality

 Cost

 Resources

 Time

NO.67 Which of the following are NOT normally included in the project scope statement, either directly or by reference?

 Project objectives in terms of cost, schedule and quality measures

 Project contract between the contractor and owner

 Project justification

 Project deliverables

NO.68 How could the structural steel drawing delay have been prevented?

 Add a time buffer at the end of structural steel activities.

 Allow adequate time for review and resubmittal in the baseline schedule.

 Release the structural steel for fabrication concurrent with review of structural steel shop drawings.

 Switch to post-tensioned concrete construction.

NO.69 Using the “normal” schedule, if you start Activity 7001 on April 1, 2002, and using a 5-day workweek, what the finish date for Activity 7001?

 06-11-02.

 06-04-02.

 06-18-02.

 06-05-02.

NO.70 Each column must be poured in one day. Each column requires 2,000 cubic feet of concrete. The lift bucket has a capacity of 40 cubic feet. How many lifts will be required per column pour?

 80 lifts

 50 lifts

 5 lifts

 20 lifts

NO.71 Determine the correct formula and date for the late finish for Activity 2002.

 LS.2003 – 1 day -> 11.06.01.

 LS.2003 – 1 day -> 10-06-01.

 LS.2003 + 1 day -> 10-07-01.

 LS.2003 – 1 day -> 10-05-01.

NO.72 At the end of month one, did the delay to the parking structure foundation delay the project?

 NO.

 Yes, by 4 calendar days.

 Yes, by 14 calendar days.

 Yes, by 9 calendar days.

NO.73 You are developing a detailed critical path schedule for a proposed petrochemical plant. The schedule will become a part of the project baseline document, which will be sent to the company’s board of directors for its consideration. What document or resource is likely to be MOST valuable in determining the schedule’s work activity durations?

 Industry publications.

 Critical path schedules prepared by you for similar completed projects.

 The Petrochemical Industry New Plant Task Duration Handbook.

 The cost estimate for the plant prepared by your firm’s estimating department.

NO.74 What problems can a soils engineer deal with on a project?

 Survey error.

 Hidden subsurface conditions.

 Archeological findings.

 Toxic soils.

NO.75 The sum of all budgets for work scheduled to be accomplished within a given time period is the
____________.

 Estimate at completion (EAC)

 Budget at completion (BAC)

 Budgeted cost of work performed (BCWP)

 Budgeted cost of work scheduled (BCWS)

NO.76 Which of the following is NOT a tool or technique used to perform scope planning?

 Benefit cost analysis.

 Schedule performance indexing.

 Expert Judgment.

 Alternatives identification.

NO.77 Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:

 Predecessor is activity 5001, successor is activity 8001

 Predecessor is activity 4001, successor is activity 8001

 Predecessor is activity 9001, successor is activity 9002

 Predecessor is activity 5001, successor is activity 8002

NO.78 All the following describe the critical path of a schedule EXCEPT:

 Determined by network logic and is the chain of activities that controls the overall project completion time.

 Frequently defined as the shortest path through the schedule.

 Changed by redefining the network logic or changing activity durations or both.

 The series of activities having the least amount of total float.

NO.79 Using the “crashed” schedule, if you start Activity 2002 on August 12, 2001, what is the finish date for Activity 2002?

 09-28-01.

 09-08-01.

 09-15-01.

 09-18-01.

NO.80 These are the activities on the critical path:

 A, D, & I.

 A, C, E, & H.

 A, B, G, & H.

 A, B, F, & J

NO.81 Assuming a total of 30 lifts per crane per day, what is the maximum number of lifts that could be accomplished using 3 small tower cranes over a 5-day period?

 450 lifts

 300 lifts

 45 lifts

 150 lifts

NO.82 Which of the following project planning situations is the most frequent contributor to cost overruns?

 lack of detailed planning for operational start-up

 Insufficient planning for change management

 Inappropriate definition of work breakdown structure

 Inadequate definition of scope at the estimate (budget) stage

NO.83 Budgeted cost of work scheduled is _______________________.

 The value of the completed work expressed in terms of the budget assigned to that work

 The total authorized budget for accomplishing the project scope

 The expected total cost of an activity, group of activities or the project

 The sum of all budgets for work scheduled to be accomplished within a given time period

NO.84 What is a key first step in developing a critical path method schedule?

 Drawing a bar chart of the key phrases of the work.

 Defining the execution plan to meet the required scope of work.

 Setting out the resource to be used and its limitations.

 Drawing the logic diagram.

NO.85 Based on the stated costs, what percentage of the total cost comes from the 2000 series of activities?

 3.9% (1 : 25.708)

 2.3% (1 : 43.501).

 9.1% (1 : 11.000).

 8.6% (1 : 11.591)

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Earning the AACE-PSP certification can be a valuable asset for professionals in the planning and scheduling field. It demonstrates a commitment to professional development and a dedication to mastering the skills and knowledge required for success in this field. Additionally, many employers look for this certification as a measure of competency when hiring or promoting professionals in the planning and scheduling field.

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