Latest AACE-PSP Exam Real Tests Free Updated Today
AACE-PSP Real Exam Question Answers Updated [Nov 05, 2022]
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).
NEW QUESTION 62
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. 300 lifts
- B. 45 lifts
- C. 450 lifts
- D. 150 lifts
Answer: C
NEW QUESTION 63
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. Delay manufacturing by 5 days.
- B. Expedite packaging by 5 days.
- C. Delay product release by 5 days.
- D. Expedite printing by 5 days.
Answer: C
NEW QUESTION 64
An earned value-based project control system can use either of which two budgets as the basis of its calculations?
- A. Linear feet or dollars.
- B. Earned or budgeted cost yearly.
- C. Direct or indirect cost.
- D. Labor hours or dollars.
Answer: B
NEW QUESTION 65
If all other work proceeds according to the Baseline plan, how many times will the critical path change?
- A. 2.
- B. 3.
- C. 1.
- D. Does not change.
Answer: D
NEW QUESTION 66
Which of the following is NOT a tool or technique used to perform scope planning?
- A. Expert Judgment.
- B. Benefit cost analysis.
- C. Schedule performance indexing.
- D. Alternatives identification.
Answer: C
NEW QUESTION 67
Using the "normal" schedule, theoretically construct a hammock for activities 6001-6003. What is the duration of the hammock?
- A. 407 days
- B. 362 days
- C. 267 days
- D. 255 days
Answer: A
NEW QUESTION 68
Determine the correct formula and date for the late start for Activity 9001.
- A. The early finish is required in order to determine the answer.
- B. There is insufficient data provided to calculate the answer.
- C. LS.6001 Dur.6001 -> 11-20-02.
- D. LF.9001 Dur.9001 -> 11-20-02.
Answer: D
NEW QUESTION 69
If drafting of the product manual overruns its planned duration by 5 days, how many days may the manufacturing be delayed without affecting release of the product?
- A. 5 days.
- B. 0 days.
- C. 10 days.
- D. 15 days.
Answer: B
NEW QUESTION 70
Estimate to complete (ETC) is __________________.
- A. The expected remaining cost needed to complete an activity, group of activities or the project
- B. The value of the completed work expressed in terms of the budget assigned to that work
- C. The costs actually incurred in accomplishing the work performed
- D. The expected total cost of an activity, group of activities or the project
Answer: A
NEW QUESTION 71
Determine the driving activity for Activity 10001.
- A. Activity 11001.
- B. There is no driving activity for Activity 10001 in the backward pass.
- C. Activity 10002.
- D. Activity 9005.
Answer: C
NEW QUESTION 72
Which letter of the alphabet best approximates the graphical shape of a project's cumulative cost baseline, or budgeted cost of work scheduled?
- A. W.
- B. B.
- C. S.
- D. C.
Answer: C
NEW QUESTION 73
By subtracting a measured unit productivity rate during an impacted period from the unit productivity rate during an unimpacted period, the resulting value represents:
- A. Production output.
- B. Acceleration.
- C. Productivity loss.
- D. Productivity efficiency.
Answer: C
NEW QUESTION 74
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 is projecting an "early completion".
- B. Certain activities in the critical path have no successors.
- C. The schedule has too much detail to reflect an accurate critical path.
- D. Different calendars are assigned to certain activities in the logical chain.
Answer: B
NEW QUESTION 75
Which of the following is NOT required when performing weekly or monthly schedule updates?
- A. Original duration of activities.
- B. Percent complete.
- C. Remaining duration of activities.
- D. Actual finish of activities.
Answer: C
NEW QUESTION 76
Free float is the
- A. Difference between the early dates and late dates of an activity.
- B. Amount of time the early start of an activity can be delayed without impacting the early start of the successor activity.
- C. Difference between the early finish dates and late finish dates of an activity.
- D. Difference In float value of the critical path activities and the float value of the specific activity being analyzed.
Answer: B
NEW QUESTION 77
Using the "normal" schedule, given Activity 3001 and the relationship with Activity 4001, what is indicated?
- A. The activities run concurrently.
- 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 occur in series with a 15-day lag.
Answer: D
NEW QUESTION 78
How much Total Float does drafting the product manual have?
- A. 0 workdays.
- B. 10 workdays.
- C. 15 workdays.
- D. 5 workdays.
Answer: B
NEW QUESTION 79
At the end of month one, did the delay to the parking structure foundation delay the project?
- A. Yes, by 4 calendar days.
- B. Yes, by 9 calendar days.
- C. NO.
- D. Yes, by 14 calendar days.
Answer: A
NEW QUESTION 80
Determine the correct formula and date for the late finish for Activity 9004.
- A. LS.10002 - 1 day -> 11-27-03.
- B. LS.10002 - Lag.7 - l day -> 11-20-03.
- C. LS.10002 + 1 day -> 11-29-03.
- D. LS.10002^ Lag.7 + i day -> 11-20-03.
Answer: D
NEW QUESTION 81
The work breakdown structure is used to organize
- A. The chart of accounts
- B. Similar activity coding of schedule activities
- C. The smallest defined work packet
- D. "Smart activity ID codes" representing similar items of scheduled work
Answer: C
NEW QUESTION 82
Which is NOT an industry-recognized methodology for quantifying critical delay?
- A. Periodic Windows.
- B. Time Impact.
- C. Collapsed As-Built.
- D. Gantt Chart.
Answer: D
NEW QUESTION 83
What was the original planned duration for Activity A through Activity G?
- A. 25.
- B. 26.
- C. 28.
- D. 24.
Answer: C
NEW QUESTION 84
Due to a testing delay, release of the product for manufacture is delayed by 5 workdays and the product manual misses its print window at the printer. If the printer is delayed by 10 workdays, what is the delay to produce release?
- A. 5 days.
- B. 0 days.
- C. 10 days.
- D. 15 days.
Answer: A
NEW QUESTION 85
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