[Nov 11, 2021] AACE-PSP Exam Dumps - Try Best AACE-PSP Exam Questions - ExamDumpsVCE
Verified AACE-PSP exam dumps Q&As with Correct 120 Questions and Answers
How to book the Planning & Scheduling Professional (PSP) Exam
Follow the steps mentioned below to book the Planning & Scheduling Professional (PSP) Exam:
- Step 1: Visit the AACE’s website by clicking here
- Step 2: Create a new account or log in to an existing account
- Step 3: Select your professional exam
- Step 4: Complete the required course and take PSP practice test
- Step 5: Fill the application and submit all required documents
- Step 6: Schedule your exam by following the instructions on the website
NEW QUESTION 70
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. 10 days.
- B. 5 days.
- C. 0 days.
- D. 15 days.
Answer: B
NEW QUESTION 71
What method would be the best way to determine the most likely as-built critical path of a project that is underway, and the schedule of which has been partially progressed?
- A. Use the progressed portion of the critical path of the baseline schedule.
- B. Interview the project personnel for their perceptions and opinions because the schedule is usually inadequate.
- C. Use the forward-looking critical path of the most current updates.
- D. Use the progressed portion of the critical path of all the updates previous to the current update.
Answer: C
NEW QUESTION 72
Which of the following types of delay will NOT result in a time extension and additional compensation for a contractor?
- A. Non-excusable delay
- B. Excusable delay
- C. Non-compensable delay
- D. Compensable delay
Answer: C
NEW QUESTION 73
Activity durations are normally estimated in an intuitive and subjective way. All of the following will improve duration accuracy EXCEPT
- A. Use gross building square footages. The pluses and minuses all average out.
- B. Look at each activity independently and don't follow specific logic paths when assigning activity durations.
- C. Use the people responsible for performing the work as a resource to assign activity durations.
- D. Divide activities into smaller activities. This will increase activity detail and duration estimate accuracy.
Answer: A
NEW QUESTION 74
Assuming that you had only one crane capable of 30 lifts per day, 3 column pours requiring 28 lifts each, plus associated assorted work requiring an additional 150 lifts, what is the minimum planned working duration for this work?
- A. 8 work days
- B. 7 work days
- C. 18 work days
- D. 15 workdays
Answer: A
NEW QUESTION 75
Which of the following is NOT true?
- A. Multiple calendars can affect the total float calculation.
- B. Remaining durations can exceed original durations.
- C. A network must contain only one Critical Path.
- D. Constraints can interfere with the longest path calculation.
Answer: B
NEW QUESTION 76
During proofing of the product manual, a problem was discovered requiring 15 days additional time to effect a correction. How can the date of availability be maintained?
- A. Delay manufacturing by 5 days.
- B. Expedite printing by 5 days.
- C. Expedite packaging by 5 days.
- D. Delay product release by 5 days.
Answer: D
NEW QUESTION 77
Using the "normal" schedule, and assuming you are billing on the last day of the month for previous month and for appropriate partial months, how many invoices will you have for this project?
- A. 42.
- B. 40.
- C. 36.
- D. 37.
Answer: C
NEW QUESTION 78
Using the "normal" schedule, given Activity 3001 and the relationship with Activity 4001, what is indicated?
- A. The activities occur in series with a 15-day lag.
- B. These activities are concurrent with Activity 4001 starting 15 days after the start of Activity 3001.
- C. The activities run concurrently.
- D. These activities are concurrent with Activity 4001 starting 15 days earlier than the start of Activity 3001.
Answer: A
NEW QUESTION 79
Scenario:
The entire network consists of the following activities and relationships. Activity A is twenty days long and is tied to Activity B, a ten-day activity, with a finish-to-finish tie with a lag value of five Activity B is tied to Activity C, a twenty-day activity, with a start-to-start relationship with a lag value of five.
PSP Activities Table
Scope Known about Rock-Filled Dam Project:
The dam requires river diversion and work over two or more rainy seasons. The contract is lump sum, competitively bid, and will be self-performed. The owner has attempted to shift all risk to the contractor by employing "no differing sit conditions" and "no damage for delay" clauses. There is a bonus/penalty provision of $2,500 per calendar day for early or late delivery. The early completion bonus is capped at $500,000, with no cap for late delivery penalty.
Liquidated damages end at the finish of demobilization. Indirect costs per calendar day are $2,800 for the
"normal" schedule and $3,200 for the "crashed" schedule. The winter/wet weather season is 151 days between October 15 and March 25 of each year, reduces the efficiency of the contractor's operations by 20% and costs the contractor $10,000 per day. Assume a start date of March 5, 2001 and use a 7-day work week.
The following table lists work activities as planned by the contractor.
Theoretically construct a summary activity for only those activities with a finish-to-start relationship for Activities 8001 through 10001. Using the "normal" schedule, what is the cost of this hammock?
- A. $420,000.
- B. $524,000.
- C. $552,000.
- D. $307,000.
Answer: C
NEW QUESTION 80
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?
- A. 06-11-02.
- B. 06-18-02.
- C. 06-05-02.
- D. 06-04-02.
Answer: C
NEW QUESTION 81
If all other work proceeds according to the Baseline plan, how many times will the critical path change?
- A. Does not change.
- B. 2.
- C. 3.
- D. 1.
Answer: A
NEW QUESTION 82
Identify the minimum project duration.
- A. 21 months.
- B. 16 months.
- C. 19 months.
- D. 20 months.
Answer: D
NEW QUESTION 83
The expected remaining cost needed to complete an activity, group of activities or the project is the____________.
- A. Estimate to complete (ETC)
- B. Estimate at completion (EAC)
- C. Budget at completion (BAC)
- D. Budgeted cost of work performed (BCWP)
Answer: A
NEW QUESTION 84
How much Total Float does drafting the product manual have?
- A. 10 workdays.
- B. 15 workdays.
- C. 0 workdays.
- D. 5 workdays.
Answer: A
NEW QUESTION 85
Activity C is a
- A. 1-day activity.
- B. Continuous activity.
- C. Milestone.
- D. Contentious activity.
Answer: C
NEW QUESTION 86
In a "crashed" schedule, which is a chain of activities that precede activity 2004?
- A. 2001, 2002, 2003, 2007
- B. 1001, 2002, 2002, 2003, 3001
- C. 1001, 2001, 2002, 2003
- D. 1001, 2002, 2003
Answer: C
NEW QUESTION 87
If a detailed estimate is NOT available to assist in the formulation of activity durations but unit quantities have been identified, what information can be utilized to estimate work package/activity durations?
- A. The Eichleay formula
- B. Historical production rates
- C. Black-Scholes model
- D. Time impact analysis
Answer: B
NEW QUESTION 88
If drafting of the product manual overruns its planned duration by 5 days, how many days may the manufacturing be delayed without affecting release of the product?
- A. 10 days.
- B. 0 days.
- C. 5 days.
- D. 15 days.
Answer: B
NEW QUESTION 89
Why does activity 1001 have two successor activities?
- A. Because the late finish of 1001 and the late start of 7001 require two successors
- B. Because the problem could not effectively work with only one successor
- C. Because there are two defined logic paths for the work
- D. Because the duration of activities 2001, 2002 and 200.f require two successors
Answer: C
NEW QUESTION 90
When reconstructing a CPM schedule electronically from a hardcopy, which of the following is NOT required to determine the critical path?
- A. Predecessor and successor listing with logic type and lag duration, preferably sorted by activity ID
- B. Tabular listing of activities showing duration, calendar ID, early and late dates
- C. Detailed listing of working days for each calendar used
- D. Assigned party responsibility for each work task
Answer: D
NEW QUESTION 91
......
Planning & Scheduling Professional (PSP) Exam Certification Path
The certification path for the Planning & Scheduling Professional (PSP) Exam consists only of this Planning & Scheduling Professional (PSP) Examination. The applicants must fulfill the eligibility criteria of having at least 8 years of industry experience only or 4 years of industry experience plus 4 years of a related degree from a college.
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 development
- Planning product
- Schedule development
- Schedule maintenance and reporting
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.
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