AACE International AACE-PSP Premium Exam Engine pdf - Download Free Updated 218 Questions
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To become a certified PSP, candidates must pass the AACE International PSP exam. AACE-PSP exam covers topics such as project planning, scheduling, progress measurement, earned value analysis, risk management, and cost estimating. AACE-PSP exam consists of 125 multiple-choice questions and must be completed within four hours.
AACE International AACE-PSP (Planning & Scheduling Professional) Certification Exam is a rigorous examination designed to test the knowledge and competency of professionals in the field of project planning and scheduling. AACE International is a renowned professional association for project management professionals, and their PSP certification program is recognized globally as a mark of excellence in the planning and scheduling profession.
NEW QUESTION # 103
Using the "normal" schedule, theoretically construct a hammock for activities 2001 through 2004. What is the duration of the hammock?
- A. 145 days
- B. 183 days
- C. 91 days
- D. 53 days
Answer: D
Explanation:
* Hammock Activities (2001-2004):
Activity 2001 ("River Diversion Stage 1"): Duration = 92 days.
Activity 2002: Starts immediately after 2001, duration = 38 days.
Activity 2003: Starts immediately after 2002, duration = 15 days.
Activity 2004: Starts immediately after 2003, duration = 38 days.
* Calculate the Duration:
Total duration = 92 + 38 + 15 + 38 = 183 days.
* Cross-Verification with Answer Options:
Option A: Incorrect. Underestimates.
Option C: Incorrect. Overestimates.
Option D: Incorrect. Overestimates.
Option B: Correct. Matches the calculated duration.
NEW QUESTION # 104
In analyzing a logical chain of activities in a critical path method (CPM) schedule, what do differing total float values within that chain typically indicate?
- A. The schedule has too much detail to reflect an accurate critical path.
- B. Certain activities in the critical path have no successors.
- C. The schedule is projecting an "early completion".
- D. Different calendars are assigned to certain activities in the logical chain.
Answer: D
Explanation:
* Impact of Calendars on Total Float:
Differing calendars (e.g., working days, holidays, or shifts) assigned to activities can result in varying total float values within a logical chain.
Total float measures the flexibility of an activity and is calculated based on its calendar and logical dependencies.
* PSP Study Guide Reference:
The guide covers how calendar assignments influence float calculations and their potential to create disparities in a critical path.
* Conclusion: The correct answer is B, as differing total float values typically indicate the use of different calendars for activities in the chain.
NEW QUESTION # 105
How much Total Float does drafting the product manual have?
- A. 0 workdays.
- B. 10 workdays.
- C. 15 workdays.
- D. 5 workdays.
Answer: A
Explanation:
* Total Float Analysis:
Total float = Late Finish (LF) - Early Finish (EF) or Late Start (LS) - Early Start (ES).
Activity C (Draft Product Manual) lies on the critical path, so its float is 0.
* Verification with PSP Guidelines:
The PSP Study Guide defines total float as the amount of time an activity can be delayed without delaying the project (Ref: PSP Study Guide, Chapter 2A: Float Analysis).
NEW QUESTION # 106
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. Historical production rates
- B. Black-Scholes model
- C. Time impact analysis
- D. The Eichleay formula
Answer: A
Explanation:
When detailed estimates are unavailable, historical production rates can provide reliable data for estimating durations based on past projects with similar work.
Option A (Eichleay formula) is for overhead cost allocation.
Option C (Time impact analysis) evaluates delay impacts, not durations.
Option D (Black-Scholes model) is irrelevant in this context.
Historical data usage is a recognized method in project planning and scheduling practices.
NEW QUESTION # 107
An earned value-based project control system can use either of which two budgets as the basis of its calculations?
- A. Earned or budgeted cost yearly.
- B. Linear feet or dollars.
- C. Labor hours or dollars.
- D. Direct or indirect cost.
Answer: A
NEW QUESTION # 108
If Activity E's duration changes to 4 months, what is the overall duration of the project.
- A. 19 months.
- B. 22 months.
- C. 20 months.
- D. 21 months.
Answer: A
Explanation:
Impact of Changing Activity E's Duration:
Activity E's new duration = 4 months.
The critical path passes through Activities A → C → D → E → H → I.
Recalculate Project Duration:
Original duration with E = 3 months: 19 months.
Increasing E to 4 months does not impact the overall path since it remains within the critical path's time allowance.
Overall project duration remains 19 months.
Cross-Verification:
Option B: Incorrect. Assumes additional delays.
Option C: Incorrect. Overestimates delays.
Option D: Incorrect. Miscalculates path changes.
Option A: Correct. Matches revised critical path duration.
Reference:
PSP Study Guide (2019), Sections on Critical Path and Float Calculations.
AACE Recommended Practices, RP 10S-90.
NEW QUESTION # 109
Is activity 7001 pictured correctly in the precedence diagram?
- A. No, the start-to-start and finish-to-finish relationships are backwards.
- B. Yes, the duration is 48 days.
- C. No, the total float is not shown correctly.
- D. Yes, except the early finish date is not shown.
Answer: B
NEW QUESTION # 110
Why does activity 11001 not show successor activities?
- A. The early finish and late finish are circular
- B. The scheduler forgot to add the successor activities
- C. It is the penultimate work required for the project
- D. It is the final activity for the required work for the project
Answer: D
Explanation:
* Activity 11001 Characteristics:
Activity 11001 (Spillway - Concrete) is logically defined as the final activity in the project.
Final activities in a project typically do not have successor activities since they signify project completion.
* Exclusion of Other Options:
Option A: Circular logic does not apply since the scheduling logic is linear and follows standard precedence diagramming methods.
Option B: Activity 11001 is not penultimate but the final activity.
Option C: The scheduler's error is highly unlikely in a controlled environment following PSP principles.
* Verification with PSP Guidelines:
The PSP Study Guide explains that final activities represent the culmination of a project's logical sequence and typically lack successors (Ref: PSP Study Guide, Chapter 2A: Logical Sequencing).
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. 2004, 4001. and 5001
- D. 4001, 5001, and 6001
Answer: D
NEW QUESTION # 112
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 9001, successor is activity 9002
- D. Predecessor is activity 5001, successor is activity 8002
Answer: B
NEW QUESTION # 113
How many workdays occur from the start of the Product Testing to the Product Available milestone?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION # 114
At a minimum, periodic reporting must be done at what interval?
- A. As requested by the project manager.
- B. As specified in the contract documents.
- C. As requested by the owner.
- D. Monthly.
Answer: B
NEW QUESTION # 115
What is the result of a forward pass calculation?
- A. Critical path
- B. Value of free float for individual activities
- C. Value of total float for individual activities
- D. Early start and early finish date for individual activities
Answer: D
Explanation:
Scheduling Professional Study Guide and Documents Reference
Forward Pass Calculation:
A forward pass determines the earliest start (ES) and earliest finish (EF) dates for all activities, progressing from project start to finish.
Total float is calculated later by comparing early and late dates.
PSP Study Guide Reference:
Forward and backward pass calculations are core elements of CPM scheduling methodology.
Conclusion: The correct answer is B, as forward pass provides ES and EF for activities.
NEW QUESTION # 116
Which of the following is NOT required when performing weekly or monthly schedule updates?
- A. Actual finish of activities.
- B. Remaining duration of activities.
- C. Original duration of activities.
- D. Percent complete.
Answer: C
Explanation:
* Update Process Essentials:
Schedule updates track the current status of the project using actuals (start/finish dates), progress (percent complete), and future plans (remaining duration).
The original duration does not change and is part of baseline data, not required for routine updates.
* PSP Study Guide Reference:
Scheduling update procedures are discussed, emphasizing active progress tracking elements like actual start, percent complete, and remaining duration.
* Conclusion: The correct answer is D, as original duration is not a variable considered in regular updates.
NEW QUESTION # 117
What is the relationship depicted between Activity G and Activity H?
- A. You cannot tell with the supplied information.
- B. Finish-to-finish.
- C. Start-to-start.
- D. Finish-to-start.
Answer: C
NEW QUESTION # 118
Project delays are best analyzed
- A. After either the contractor or the owner acknowledges ^responsibility for the delay.
- B. Late in the project.
- C. By an expert after the project is finished when complete records are available and the impact is known.
- D. Contemporaneously with the delay.
Answer: D
Explanation:
* Delay Analysis:
Analyzing delays contemporaneously ensures accurate understanding of their causes and effects, helping stakeholders mitigate impacts in real time.
Waiting until after the project introduces risks of incomplete or inaccurate records.
* PSP Study Guide Reference:
Contemporary delay analysis is highlighted as a best practice for effective delay resolution and management.
* Conclusion: The correct answer is B, as contemporaneous analysis is the most effective way to address project delays.
NEW QUESTION # 119
In a "crashed" schedule, which is a chain of activities that precede activity 2004?
- A. 1001, 2001, 2002, 2003
- B. 1001, 2002, 2002, 2003, 3001
- C. 2001, 2002, 2003, 2007
- D. 1001, 2002, 2003
Answer: A
NEW QUESTION # 120
Project schedules help control all of the following EXCEPT for_____________________.
- A. Resources
- B. Quality
- C. Time
- D. Cost
Answer: B
Explanation:
* Role of Project Schedules:
Schedules primarily control time, cost, and resource allocations.
Quality management is related to design specifications and execution standards, not directly managed by schedules.
* PSP Study Guide Reference:
The guide clarifies the limitations of scheduling tools in managing quality aspects.
* Conclusion: The correct answer is A, as project schedules do not directly control quality.
NEW QUESTION # 121
Midway through the project you received an executed change order for this project, adding thirty-three days to the contract for weather delays. In its simplest form, how would your next project update display the changed condition?
- A. After Activity 1000, add a new Activity 1050 with a start-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-finish relationship to the final activity of the project.
- B. After Activity 1001, add a new Activity 1011 with a finish-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-start relationship to the final activity of the project.
- C. After Activity 1000, add a new Activity 1010 with a finish-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-start relationship to the final activity of the project.
Answer: A
Explanation:
* Scenario Overview:
A change order has been approved, adding 33 days for weather delays. This requires updating the schedule to reflect the extended contract duration.
* Impact on Scheduling:
The simplest and cleanest way to include the change is to create a new activity that represents the delay (e.g., Activity 1050).
The new activity is linked to Activity 1000 using a start-to-start (SS) relationship. This ensures the delay begins in parallel with the original contract start.
The finish-to-finish (FF) relationship with the final activity ensures that the extended duration impacts the project's overall timeline.
* Cross-Verification with PSP Principles:
PSP principles emphasize the importance of maintaining logical integrity and clarity when updating schedules for change orders (Ref: PSP Study Guide, Chapter 2B: Schedule Maintenance/Controlling). This method ensures traceability of the delay without affecting activity logic unnecessarily.
NEW QUESTION # 122
Assuming conventional finish-to-start relationships, to calculate a schedule retaining the existing logic means that
- A. An out-of-sequence activity cannot resume until all predecessors are finished.
- B. It is calculated using the original logic.
- C. There is no such thing.
- D. It is calculated using logic reflecting out-of-sequence progress.
Answer: D
NEW QUESTION # 123
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 packaging by 5 days.
- B. Expedite printing by 5 days.
- C. Delay manufacturing by 5 days.
- D. Delay product release by 5 days.
Answer: D
NEW QUESTION # 124
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. 15 workdays
- C. 7 work days
- D. 18 work days
Answer: A
NEW QUESTION # 125
The project goals_________.
- A. quantify performance and interface requirements
- B. are the foundation for breakdown structures
- C. consider all aspects of the project
- D. are defined independent of any external stakeholder opinions
Answer: A
NEW QUESTION # 126
Time-scaled logic diagrams are
- A. The same as a pure-logic diagram.
- B. Only calculated using a computer.
- C. Logic networks that are drawn to match the calendar.
- D. Used to calculate the most probable activity duration.
Answer: D
NEW QUESTION # 127
During proofing of the product manual, a problem was discovered requiring 15 days additional time to affect a correction. How can the date of availability be maintained?
- A. Delay Manufacture Product by 5 days
- B. Expedite Draft Product Manual by 5 days
- C. Expedite Package Product by 5 days
- D. Delay Release for Manufacture by 5 days
Answer: B
NEW QUESTION # 128
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