AACE-PSP PDF Dumps Jan 21, 2022 Exam Questions – Valid AACE-PSP Dumps
Ultimate AACE-PSP Guide to Prepare Free Latest AACE International Practice Tests Dumps
The benefit of obtaining the Planning & Scheduling Professional (PSP) Exam Certification
Certifications offered by the Association for the Advancement of Cost Engineering (AACE) have been a mark of distinction for more than thirty years, and more and more employers are requiring these certifications as a prerequisite for jobs. PSP is one of AACE's commonly recognized qualifications that cover subjects related to the preparation and scheduling of projects. Obtaining an AACE qualification also leads to greater peer acceptance and increases job and income prospects.
While a licensed professional engineer is usually considered “certified” in any field in which he or she works (imposing self-discipline to not “practice outside one's areas of expertise”), for both licensed engineers and unlicensed technicians, the national mood is to require certification in specialty disciplines. A welcome response to the increased power of our software tools in education and training in theory as well as practice and qualification regulated by our professional societies, such as AACE (with the PSP exam noted above and PMI (with the PMI-SP exam).
Who should take the Planning & Scheduling Professional (PSP) Exam
This certification PSP exam test is intended for individuals with an advanced project planning experience and the production, tracking, updating, forecasting, and analysis of integrated project schedules. People who wish to be a part of AACE and lead the planning and scheduling process of their Total Cost Management framework are highly encouraged to take the exam. Before applying for this certification, applicants must have at least 8 years of related experience in the industry. Candidates with 4 years of industry experience can also apply for the exam if they have completed at least 4 years of a college degree in the same field in the past. For eligibility, applicants must adhere to AACE's Canons of Ethics.
NEW QUESTION 34
Free float is the
- A. Amount of time the early start of an activity can be delayed without impacting the early start of the successor activity.
- B. Difference between the early dates and late dates of an activity.
- C. Difference In float value of the critical path activities and the float value of the specific activity being analyzed.
- D. Difference between the early finish dates and late finish dates of an activity.
Answer: A
NEW QUESTION 35
What is the remaining work duration of Active D?
- A. 3.
- B. 8.
- C. 0
- D. 4.
Answer: D
NEW QUESTION 36
At a minimum, periodic reporting must be done at what interval?
- A. Monthly.
- B. As requested by the owner.
- C. As requested by the project manager.
- D. As specified in the contract documents.
Answer: D
NEW QUESTION 37
For the late finish for Activity 11001, select the most appropriate response for transitioning from the forward pass.
- A. EF.11001.
- B. 02-19-04.
- C. LS.11001 + 25 days.
- D. EF.11001 + 1 day.
Answer: B
NEW QUESTION 38
Project delays are best analyzed
- A. Late in the project.
- B. By an expert after the project is finished when complete records are available and the impact is known.
- C. After either the contractor or the owner acknowledges ^responsibility for the delay.
- D. Contemporaneously with the delay.
Answer: B
NEW QUESTION 39
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. Assigned party responsibility for each work task
- C. Tabular listing of activities showing duration, calendar ID, early and late dates
- D. Detailed listing of working days for each calendar used
Answer: B
NEW QUESTION 40
If Activity E's duration changes to 4 months, what is the overall duration of the project.
- A. 19 months.
- B. 21 months.
- C. 20 months.
- D. 22 months.
Answer: C
NEW QUESTION 41
What is the free float for Activity F?
- A. 1months.
- B. 0months.
- C. 3 months.
- D. 2month.
Answer: B
NEW QUESTION 42
Which of the following documents is most likely to be of the LEAST value to a planner/scheduler when planning a contractor's baseline critical path schedule for the construction of a large high-clearance bridge located very near an airport? The contractor has been awarded the contract.
- A. The project plans and specifications
- B. The regulations published by the government aviation agency
- C. The project geotechnical report
- D. The government's report on future high-clearance bridge projects
Answer: D
NEW QUESTION 43
Total float is defined as the amount of time an activity can be delayed without impacting
- A. The next activity
- B. The end of that activity
- C. The overall project completion
- D. The buoyancy of a successor activity
Answer: C
NEW QUESTION 44
When resource leveling craft labor for a critical path schedule, the scheduler
- A. Need not consider its effects, as it is a theoretical concept with limited application to construction projects.
- B. Need only consider the non-union crafts persons.
- C. Can depend on the results of the resource leveling operation to reflect a useful realignment of all schedule activities without 'further analysis.
- D. Must consider breaks in continuity of work for subcontractors, thereby possibly incurring additional subcontractor mobilization and demobilization costs.
Answer: C
NEW QUESTION 45
What is the relationship depicted between Activity G and Activity H?
- A. Finish-to-finish.
- B. Start-to-start.
- C. Finish-to-start.
- D. You cannot tell with the supplied information.
Answer: B
NEW QUESTION 46
Determine the correct formula and date for the late start for the Activity 11001:
- A. LF.11001 - Dur.11001 -> 01-16-04.
- B. LF.1001 + DUR.10001 -> 01-14-04.
- C. LF.11001 - 27 days + 1 day -> 01-14- 04.
- D. LF.10001 + 1 day -> 01-16-04.
Answer: D
NEW QUESTION 47
How many work days does it take to move the product from testing to sale?
- A. 70.
- B. 100.
- C. 90.
- D. 60.
Answer: B
NEW QUESTION 48
Which of the following is NOT true?
- A. Remaining durations can exceed original durations.
- B. A network must contain only one Critical Path.
- C. Multiple calendars can affect the total float calculation.
- D. Constraints can interfere with the longest path calculation.
Answer: A
NEW QUESTION 49
In its simplest form, what is the main drawback of critical path method scheduling?
- A. It requires a backward pass to calculate late dates.
- B. It allows for Precedence Diagramming Method to be used in place of Arrow Diagramming Method.
- C. It assumes that resources are unlimited.
- D. It doesn't account for interdependent between activities.
Answer: C
NEW QUESTION 50
You are developing a detailed critical path schedule for a proposed petrochemical plant. The schedule will become a part of the project baseline document, which will be sent to the company's board of directors for its consideration. What document or resource is likely to be MOST valuable in determining the schedule's work activity durations?
- A. Critical path schedules prepared by you for similar completed projects.
- B. The cost estimate for the plant prepared by your firm's estimating department.
- C. Industry publications.
- D. The Petrochemical Industry New Plant Task Duration Handbook.
Answer: A
NEW QUESTION 51
These are the activities on the critical path:
- A. A, B, G, & H.
- B. A, B, F, & J
- C. A, C, E, & H.
- D. A, D, & I.
Answer: A
NEW QUESTION 52
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 earlier than the start of Activity 3001.
- C. These activities are concurrent with Activity 4001 starting 15 days after the start of Activity 3001.
- D. The activities run concurrently.
Answer: A
NEW QUESTION 53
Under which circumstance should one perform resource-leveling calculations?
- A. When the schedule is resource-loaded.
- B. When the contract contains a provision for float-banking.
- C. Never, unless required by the contract.
- D. When you believe that known resource limitations may override schedule logic.
Answer: D
NEW QUESTION 54
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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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