2021 Valid AACE-PSP Exam Updates - 2021 Study Guide
AACE-PSP Certification - The Ultimate Guide [Updated 2021]
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NEW QUESTION 49
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. 18 work days
- B. 8 work days
- C. 7 work days
- D. 15 workdays
Answer: B
NEW QUESTION 50
What is the cycle time?
- A. 14 minutes
- B. 5 minutes
- C. 6 minutes
- D. 17 minutes
Answer: D
NEW QUESTION 51
If no time extensions are granted and all actual delays are as described above, what will the total float calculation be at the end of the project?
- A. 10 calendar days.
- B. -20 calendar days.
- C. -14 calendar days.
- D. 0 calendar days.
Answer: C
NEW QUESTION 52
Activity durations are normally estimated in an intuitive and subjective way. All of the following will improve duration accuracy EXCEPT
- A. Look at each activity independently and don't follow specific logic paths when assigning activity durations.
- B. Use the people responsible for performing the work as a resource to assign activity durations.
- C. Divide activities into smaller activities. This will increase activity detail and duration estimate accuracy.
- D. Use gross building square footages. The pluses and minuses all average out.
Answer: D
NEW QUESTION 53
Management has determined the need to release the product 20 days earlier than planned. What tasks need to be expedited?
- A. Printing the Manual.
- B. Drafting and Proofing the Manual.
- C. Testing, Manufacturing and Packaging.
- D. Packaging only.
Answer: C
NEW QUESTION 54
Which of the following will NOT affect the total float calculation of a non-resource leveled schedule?
- A. Multiple calendars.
- B. Preferential logic.
- C. Front end loading.
- D. Start and finish constraints.
Answer: C
NEW QUESTION 55
Based on the stated costs, what percentage of the total cost comes from the 2000 series of activities?
- A. 8.6% (1 : 11.591)
- B. 2.3% (1 : 43.501).
- C. 3.9% (1 : 25.708)
- D. 9.1% (1 : 11.000).
Answer: B
NEW QUESTION 56
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 duration of activities 2001, 2002 and 200.f require two successors
- C. Because the problem could not effectively work with only one successor
- D. Because there are two defined logic paths for the work
Answer: D
NEW QUESTION 57
Which of the following is NOT required when initially planning a project?
- A. Logical relationships between the tasks.
- B. The duration of each task.
- C. Resource Identification and leveling.
- D. A schedule that identifies tasks required on a project.
Answer: B
NEW QUESTION 58
Which of the following types of delay will NOT result in a time extension and additional compensation for a contractor?
- A. Excusable delay
- B. Non-compensable delay
- C. Compensable delay
- D. Non-excusable delay
Answer: B
NEW QUESTION 59
Constraints control events or activities that __________________.
- A. Affect only the forward pass.
- B. May be over-ridden by activity logic.
- C. Affect only the backward pass.
- D. Are not based on project relationships.
Answer: B
NEW QUESTION 60
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 61
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. 36.
- B. 40.
- C. 42.
- D. 37.
Answer: A
NEW QUESTION 62
Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:
- A. Predecessor is activity 4001, successor is activity 8001
- B. Predecessor is activity 5001, successor is activity 8001
- C. Predecessor is activity 5001, successor is activity 8002
- D. Predecessor is activity 9001, successor is activity 9002
Answer: B
NEW QUESTION 63
How could the structural steel drawing delay have been prevented?
- A. Switch to post-tensioned concrete construction.
- B. Release the structural steel for fabrication concurrent with review of structural steel shop drawings.
- C. Allow adequate time for review and resubmittal in the baseline schedule.
- D. Add a time buffer at the end of structural steel activities.
Answer: D
NEW QUESTION 64
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 65
Which is NOT an industry-recognized methodology for quantifying critical delay?
- A. Periodic Windows.
- B. Time Impact.
- C. Gantt Chart.
- D. Collapsed As-Built.
Answer: C
NEW QUESTION 66
Determine the driving activity for Activity 10001.
- A. There is no driving activity for Activity 10001 in the backward pass.
- B. Activity 11001.
- C. Activity 9005.
- D. Activity 10002.
Answer: D
NEW QUESTION 67
In its simplest form, what is the main drawback of critical path method scheduling?
- A. It assumes that resources are unlimited.
- B. It doesn't account for interdependent between activities.
- C. It allows for Precedence Diagramming Method to be used in place of Arrow Diagramming Method.
- D. It requires a backward pass to calculate late dates.
Answer: A
NEW QUESTION 68
How many work days does it take to move the product from testing to sale?
- A. 60.
- B. 100.
- C. 70.
- D. 90.
Answer: B
NEW QUESTION 69
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 start-to-start to relationship for both activities 6001 and 6002 with a ten-day lag assigned to activity
6002. - B. A finish-to-start relationship with a ten-day lag assigned to activity 6002; activity 6001 will be dependent on 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: B
NEW QUESTION 70
Using the "normal" schedule, theoretically construct a hammock for activities 2001 through 2004. What is the duration of the hammock?
- A. 193 days
- B. 168 days
- C. 183 days
- D. 91 days
Answer: C
NEW QUESTION 71
What is the remaining work duration of Active D?
- A. 4.
- B. 8.
- C. 3.
- D. 0
Answer: A
NEW QUESTION 72
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How to study the Planning & Scheduling Professional (PSP) Exam
In general, the education and professional experience of an applicant are the primary sources that prepare the person for the test. As mentioned in the eligibility criteria for the exam, the applicant must have at least 4 to 8 years of industry experience in the field which itself is preparatory material. There are, however, other ways to prepare for the test. AACE itself provides a distant learning opportunity through its website for which applicants can sign up. AACE conducts review sessions and annual meetings in which the participation of an applicant can prove to be very helpful as they will be able to participate and listen to discussions on the topics of planning and scheduling.
Participants must search for the answers to the following questions if they wish to prepare the best for the exam:
- What is a work breakdown structure (WBS) and how is it used?
- Why is scheduling important?
- What is scheduling?
- Why is planning important?
- What is a CPM schedule?
- What is planning?
Furthermore, PSP exam dumps pdf and PSP practice exams are available online, and students are highly encouraged to study those dumps as they are the best study materials. As always, We recommend a combination of hands-on experience, completion of the training course, and self-study in the areas described in the Exam Outline section of this exam guide as preparation for this exam. After all sorts of study, test your understanding by taking the PSP practice tests. Hover on to AACE’s Website and take a look at study materials provided for the exam. Check for the topics mentioned in the Exam Outline section of this guide to review the online documentation, tip sheets, and user guides and study the details relevant to those topics. Refer to the links at the end of this document for more study material. For further exam self-study materials, refer to the links down below.
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.
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