[Nov 17, 2021] Pass Your AACE-PSP Dumps Free Latest AACE International Practice Tests
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How to book the Planning & Scheduling Professional (PSP) Exam
Follow the steps mentioned below to book the Planning & Scheduling Professional (PSP) Exam:
- Step 1: Visit the AACE’s website by clicking here
- Step 2: Create a new account or log in to an existing account
- Step 3: Select your professional exam
- Step 4: Complete the required course and take PSP practice test
- Step 5: Fill the application and submit all required documents
- Step 6: Schedule your exam by following the instructions on the website
How much Planning & Scheduling Professional (PSP) Exam Cost
The cost of this exam differs according to the region from where you are applying from and the exact amount of the exam will be available when you complete the application at AACE’s website and proceed to the payment section. Roughly speaking, it costs around USD 200. Hover on to the official website of AACE by clicking Apply now button from this website and choose your region for more pricing information. Other costs may also incur like buying the PSP dumps and then practicing for the exam via the PSP practice exams. If you have an AACE membership or you do apply for one, the certifications will be offered to you at discounted prices.
NEW QUESTION 15
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. Detailed listing of working days for each calendar used
- D. Tabular listing of activities showing duration, calendar ID, early and late dates
Answer: B
NEW QUESTION 16
Which statement is true?
- A. Where compensability cannot be established, excusability is a given.
- B. Where compensability can be established, excusabltity cannot be assumed.
- C. Where compensability cannot be established, excusability is assumed.
- D. Where compensability can be established, excusability is assumed.
Answer: C
NEW QUESTION 17
Project delays are best analyzed
- A. Contemporaneously with 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. After either the contractor or the owner acknowledges ^responsibility for the delay.
Answer: C
NEW QUESTION 18
Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:
- A. Predecessor is activity 9001, successor is activity 9002
- B. Predecessor is activity 5001, successor is activity 8001
- C. Predecessor is activity 5001, successor is activity 8002
- D. Predecessor is activity 4001, successor is activity 8001
Answer: B
NEW QUESTION 19
What was the original planned duration for Activity A through Activity G?
- A. 24.
- B. 28.
- C. 26.
- D. 25.
Answer: B
NEW QUESTION 20
Estimate to complete (ETC) is __________________.
- A. The costs actually incurred in accomplishing the work performed
- B. The expected total cost of an activity, group of activities or the project
- C. The expected remaining cost needed to complete 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 21
If all other work proceeds according to the Baseline plan, how many times will the critical path change?
- A. 2.
- B. Does not change.
- C. 1.
- D. 3.
Answer: B
NEW QUESTION 22
Which of the following is NOT required when initially planning a project?
- A. The duration of each task.
- B. Logical relationships between the tasks.
- C. Resource Identification and leveling.
- D. A schedule that identifies tasks required on a project.
Answer: A
NEW QUESTION 23
What is the free float for Activity F?
- A. 0months.
- B. 2month.
- C. 1months.
- D. 3 months.
Answer: A
NEW QUESTION 24
Which activity is drawn in the incorrect position?
- A. Activity G.
- B. Activity E.
- C. Activity C.
- D. Activity D.
Answer: D
NEW QUESTION 25
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. $307,000.
- B. $524,000.
- C. $552,000.
- D. $420,000.
Answer: C
NEW QUESTION 26
Assuming a total of 30 lifts per crane per day, what is the maximum number of lifts that could be accomplished using 3 small tower cranes over a 5-day period?
- A. 450 lifts
- B. 300 lifts
- C. 45 lifts
- D. 150 lifts
Answer: A
NEW QUESTION 27
The activity with the most total float is:
- A. Activity F.
- B. Activity I.
- C. Activity C.
- D. Activity D.
Answer: B
NEW QUESTION 28
In the "normal" schedule, excluding Activity 1000, what activity(s) are concurrent with Activity 3001?
- A. 2003 and 7001.
- B. 2004.
- C. 4001, 5001 and 6001.
- D. 4001 and 5001.
Answer: D
NEW QUESTION 29
What is the cycle time?
- A. 17 minutes
- B. 14 minutes
- C. 5 minutes
- D. 6 minutes
Answer: A
NEW QUESTION 30
Which of the following project planning situations is the most frequent contributor to cost overruns?
- A. Inadequate definition of scope at the estimate (budget) stage
- B. lack of detailed planning for operational start-up
- C. Insufficient planning for change management
- D. Inappropriate definition of work breakdown structure
Answer: A
NEW QUESTION 31
What problems can a soils engineer deal with on a project?
- A. Toxic soils.
- B. Hidden subsurface conditions.
- C. Survey error.
- D. Archeological findings.
Answer: B
NEW QUESTION 32
There is only enough room for a maximum of 4 cranes to be placed on-site. Assuming that a single crane can perform 35 lifts per day and that a column pour requires 60 lifts, what is the minimum number of tower cranes that should be used for the above described column pours?
- A. 3 cranes
- B. 2 cranes
- C. 4 cranes
- D. 1 crane
Answer: B
NEW QUESTION 33
Under which circumstance should one perform resource-leveling calculations?
- A. When the schedule is resource-loaded.
- B. When you believe that known resource limitations may override schedule logic.
- C. When the contract contains a provision for float-banking.
- D. Never, unless required by the contract.
Answer: B
NEW QUESTION 34
Which of the following phases does NOT describe the commonly accepted construction life cycle?
- A. Installation phase.
- B. Claims and disputes phase.
- C. Planning and design phase.
- D. Turnover and start-up phase.
Answer: C
NEW QUESTION 35
If after calculating a schedule an activity exhibits negative total float, which of the following is certain? The activity
- A. Has yet to be completed.
- B. Was completed in the past.
- C. It is on the critical path.
- D. Is a milestone.
Answer: A
NEW QUESTION 36
For the late finish for Activity 11001, select the most appropriate response for transitioning from the forward pass.
- A. EF.11001.
- B. EF.11001 + 1 day.
- C. 02-19-04.
- D. LS.11001 + 25 days.
Answer: C
NEW QUESTION 37
......
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
- Planning development
- Schedule maintenance and reporting
- Planning product
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.
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