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The PSP certification is highly respected in the industry and can lead to career advancement and increased earning potential. Individuals who hold the PSP certification are recognized as experts in project planning and scheduling and are highly sought after by employers. Planning & Scheduling Professional (PSP) Exam certification also demonstrates a commitment to ongoing professional development and a dedication to the field of project management.
The AACE-PSP certification exam is a rigorous assessment that tests the knowledge and skills required to plan and schedule projects effectively. AACE-PSP exam covers a wide range of topics, including project planning, scheduling techniques, risk management, cost estimation, and project control. It is designed to test the candidate's ability to apply these concepts in real-world scenarios, making it a highly practical and valuable certification for professionals in the field.
NEW QUESTION # 89
If all other work proceeds according to the Baseline plan, how many times will the critical path change?
- A. 2.
- B. 3.
- C. Does not change.
- D. 1.
Answer: C
NEW QUESTION # 90
The linear scheduling velocity diagram has the following two-axis:
- A. Location and crew size
- B. Time and location
- C. Time and crew size
- D. Time and rate of progress
Answer: D
NEW QUESTION # 91
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. $307,000.
- C. $524,000.
- D. $552,000.
Answer: D
NEW QUESTION # 92
If Activity E's duration changes to 4 months, what is the overall duration of the project.
- A. 22 months.
- B. 19 months.
- C. 20 months.
- D. 21 months.
Answer: C
NEW QUESTION # 93
If someone wanted to constrain a project's end date so that any project slippage would cause negative float, they would do so by using
- A. Finish-no-later constraint on the last activity
- B. Finish-no-earlier constraint on the last activity
- C. Finish-no-earlier constraint on the first activity
- D. Start-no-later constraint on the first activity
Answer: A
NEW QUESTION # 94
These are the activities on the critical path:
- A. A, B, F, & J
- B. A, B, G, & H.
- C. A, D, & I.
- D. A, C, E, & H.
Answer: B
NEW QUESTION # 95
Determine the correct formula and date for the late finish for Activity 6002.
- A. LS of 6003 less 1 day equaling 09 Mar 2023
- B. LS of 6003 plus 1 day equaling 09 Mar 2022
- C. LS of 6003 plus 1 day equaling 09 Mar 2023
- D. LS of 6003 less 1 day equaling 09 Mar 2022
Answer: C
NEW QUESTION # 96
What project cost elements would NOT normally be reflected in the Activity 1000?
- A. Job site quality control
- B. Home office expenses
- C. CPM processing and updating
- D. Materials used in the construction
Answer: B
NEW QUESTION # 97
Budgeted cost of work scheduled is _______________________.
- A. The sum of all budgets for work scheduled to be accomplished within a given time period
- B. The total authorized budget for accomplishing the project scope
- C. The expected total cost of an activity, group of activities or the project
- D. The value of the completed work expressed in terms of the budget assigned to that work
Answer: C
NEW QUESTION # 98
Determine the correct formula and date for the late finish for Activity 9004.
- A. LS.10002 - Lag.7 - l day -> 11-20-03.
- B. LS.10002 - 1 day -> 11-27-03.
- C. LS.10002^ Lag.7 + i day -> 11-20-03.
- D. LS.10002 + 1 day -> 11-29-03.
Answer: C
NEW QUESTION # 99
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. Expedite printing by 5 days.
- B. Expedite packaging by 5 days.
- C. Delay product release by 5 days.
- D. Delay manufacturing by 5 days.
Answer: C
NEW QUESTION # 100
What is the primary difference between the arrow diagramming method (ADM) and the precedence diagramming method (PDM)?
- A. ADM is limited to finish-to-start logic relationships, while PDM is not.
- B. ADM is manual CPM calculations, while PDM is computerized.
- C. PDM is a bar chart with network logic, while ADM is a pure logic network.
- D. ADM uses arrows, while PDM uses boxes.
Answer: A
NEW QUESTION # 101
The amount of time that an activity can be delayed from its early start date without delaying project completion is called
- A. Interfering float.
- B. Negative float.
- C. Total float.
- D. Free float.
Answer: C
NEW QUESTION # 102
What does the heavy, vertical line at "X" represent?
- A. Change-over limits.
- B. The status or data date.
- C. Delay fault line.
- D. International Date Line.
Answer: B
NEW QUESTION # 103
What method offers the best chance of the schedule being used effectively to implement the project in the field?
- A. Allow large time contingencies on milestones and completion deadlines.
- B. Issue detailed schedule updates as frequently as possible.
- C. Include detailed and stringent set of scheduling specifications in the contract.
- D. Obtain consent and agreement to the schedule from the key project personnel.
Answer: D
NEW QUESTION # 104
How much Total Float does drafting the product manual have?
- A. 0 workdays.
- B. 15 workdays.
- C. 5 workdays.
- D. 10 workdays.
Answer: D
NEW QUESTION # 105
Considering the information provided for the project, what is the factor that most influences the successful crashing of the schedule?
- A. Minimizing the indirect expenditure chargeable to the contractor
- B. Avoiding the 2023-2024 winter/wet weather season
- C. Maximizing the $500,000 bonus
- D. Avoiding a late delivery penalty from the owner
Answer: D
NEW QUESTION # 106
In a "crashed" schedule, which is a chain of activities that precede activity 2004?
- A. 1001, 2002, 2002, 2003, 3001
- B. 1001, 2002, 2003
- C. 1001, 2001, 2002, 2003
- D. 2001, 2002, 2003, 2007
Answer: C
NEW QUESTION # 107
Why does activity 1001 have two successor activities?
- A. Because the problem could not effectively work with only one successor
- B. Because there are two defined logic paths for the work
- C. Because the duration of activities 2001, 2002 and 200.f require two successors
- D. Because the late finish of 1001 and the late start of 7001 require two successors
Answer: B
NEW QUESTION # 108
Determine the correct formula and date for the late finish for Activity 2002.
- A. LS.2003 - 1 day -> 10-06-01.
- B. LS.2003 - 1 day -> 11.06.01.
- C. LS.2003 - 1 day -> 10-05-01.
- D. LS.2003 + 1 day -> 10-07-01.
Answer: C
NEW QUESTION # 109
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 affect the contractor's planned construction schedule.
- B. The delay must affect the critical path.
- C. The delay must not cause monetary harm to the defendant.
- D. The delay must be concurrent with the delay attributable to both parties.
Answer: B
NEW QUESTION # 110
Determine the correct formula and date for the late start for the Activity 11001:
- A. LF of 11001 less duration of 11001 equaling 16 Jan 2024
- B. LF of 11001 less 25 days plus 1 day equaling 16 Jan 2024
- C. LF of 1000 less 25 days equaling 16 Jan 2024
- D. LF of 11001 less 27 days plus 1 day equaling 14 Jan 2024
Answer: D
NEW QUESTION # 111
In the "normal" schedule, excluding Activity 1000, what activity(s) are concurrent with Activity 3001?
- A. 4001 and 5001.
- B. 2003 and 7001.
- C. 4001, 5001 and 6001.
- D. 2004.
Answer: A
NEW QUESTION # 112
In a graphical earned value analysis, what time-scaled value determines the reporting intervals for both schedule and cost performance?
- A. Budgeted cost of work scheduled
- B. Schedule performance index
- C. Actual cost of work scheduled
- D. Budgeted cost of work performed
Answer: A
NEW QUESTION # 113
What is the relationship depicted between Activity G and Activity H?
- A. You cannot tell with the supplied information.
- B. Start-to-start.
- C. Finish-to-finish.
- D. Finish-to-start.
Answer: B
NEW QUESTION # 114
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