[Dec-2022] Dumps Practice Exam Questions Study Guide for the AACE-PSP Exam [Q34-Q53]

[Dec-2022] Dumps Practice Exam Questions Study Guide for the AACE-PSP Exam

AACE-PSP Dumps with Practice Exam Questions Answers

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:

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

What is the duration, language, and format of the Planning & Scheduling Professional (PSP) Exam

• Passing score: 70%
• Total questions: 119
• Format: Multiple choice, compound, scenario questions + 1 memo writing assignment
• Language of Exam: English
• Duration of Exam: 5 hours

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.

QUESTION 34
What is the workweek period for this project?

 Monday through Friday

 Sunday through Friday

 Monday through Saturday

 Sunday through Saturday

QUESTION 35
What is the primary difference between the arrow diagramming method (ADM) and the precedence diagramming method (PDM)?

 ADM is limited to finish-to-start logic relationships, while PDM is not.

 PDM is a bar chart with network logic, while ADM is a pure logic network.

 ADM is manual CPM calculations, while PDM is computerized.

 ADM uses arrows, while PDM uses boxes.

QUESTION 36
Which of the following will NOT affect the total float calculation of a non-resource leveled schedule?

 Multiple calendars.

 Start and finish constraints.

 Preferential logic.

 Front end loading.

QUESTION 37
The work breakdown structure is used to organize

 “Smart activity ID codes” representing similar items of scheduled work

 The chart of accounts

 Similar activity coding of schedule activities

 The smallest defined work packet

QUESTION 38
The activity with the most total float is:

 Activity I.

 Activity C.

 Activity F.

 Activity D.

QUESTION 39
Which activity is drawn in the incorrect position?

 Activity G.

 Activity E.

 Activity C.

 Activity D.

QUESTION 40
What is the relationship depicted between Activity G and Activity H?

 You cannot tell with the supplied information.

 Start-to-start.

 Finish-to-start.

 Finish-to-finish.

QUESTION 41
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.

QUESTION 42
What does the heavy, vertical line at “X” represent?

 Delay fault line.

 The status or data date.

 Change-over limits.

 International Date Line.

QUESTION 43
What is the cycle time?

 5 minutes

 17 minutes

 14 minutes

 6 minutes

QUESTION 44
In order for a claimant to be entitled to an extension of contract time for a delay event (and further to be considered compensable):

 The delay must affect the critical path.

 The delay must be concurrent with the delay attributable to both parties.

 The delay must not cause monetary harm to the defendant.

 The delay must affect the contractor’s planned construction schedule.

QUESTION 45
Constraints control events or activities that __________________.

 Affect only the forward pass.

 Are not based on project relationships.

 Affect only the backward pass.

 May be over-ridden by activity logic.

QUESTION 46
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

QUESTION 47
Which letter of the alphabet best approximates the graphical shape of a project’s cumulative cost baseline, or budgeted cost of work scheduled?

 C.

 B.

 S.

 W.

QUESTION 48
In its simplest form, what is the main drawback of critical path method scheduling?

 It requires a backward pass to calculate late dates.

 It assumes that resources are unlimited.

 It doesn’t account for interdependent between activities.

 It allows for Precedence Diagramming Method to be used in place of Arrow Diagramming Method.

QUESTION 49
What was the original planned duration for Activity A through Activity G?

 26.

 28.

 24.

 25.

QUESTION 50
Identify the late finish to develop plans and specs.

 9 months.

 10 months.

 8 months.

 7 months.

QUESTION 51
If all other work proceeds according to the Baseline plan, how many times will the critical path change?

 2.

 1.

 Does not change.

 3.

QUESTION 52
Which of the following are NOT considerations or constraints of the planning process for construction scheduling?

 Consideration of all stakeholders.

 Value engineering.

 Project variables.

 Interest rate of owner’s construction bonds.

QUESTION 53
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?

 Not suitable for complicated projects with multiple planned critical paths.

 Accuracy is increased by inserting delaying events into the as-planned schedule.

 Not suitable for projects with long durations.

 Less accurate as the analysis advances through the project.

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