[2022] Pass AACE-PSP Exam – Real Questions & Answers [Q70-Q88]

[2022] Pass AACE-PSP Exam – Real Questions and Answers

AACE-PSP Exam Questions Get Updated [2022] with Correct Answers

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.

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:

• Planning product
• Schedule maintenance and reporting
• Planning development
• Schedule development

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.

NO.70 What was the original planned duration for Activity A through Activity G?

 26.

 28.

 24.

 25.

NO.71 What is the relationship depicted between Activity G and Activity H?

 You cannot tell with the supplied information.

 Start-to-start.

 Finish-to-start.

 Finish-to-finish.

NO.72 The expected remaining cost needed to complete an activity, group of activities or the project is the____________.

 Budget at completion (BAC)

 Budgeted cost of work performed (BCWP)

 Estimate to complete (ETC)

 Estimate at completion (EAC)

NO.73 The linear scheduling velocity diagram has the following two-axis:

 Location and crew size

 Time and location

 Time and rate of progress

 Time and crew size

NO.74 Project schedules help control all of the following EXCEPT for_____________________.

 Quality

 Cost

 Resources

 Time

NO.75 Crane operators require 1 hour prep and 1 hour clean-up and inspection per day. There is only 1 crane operator allocated per crane. Crane operators are not allowed to work more than 8 hours a day. Lunchtime break lasts 1 hour. Assuming a 10 minute cycle time, how many lifts per day can be expected?

 36 lifts

 24 lifts

 30 lifts

 48 lifts

NO.76 The work breakdown structure is used to organize

 “Smart activity ID codes” representing similar items of scheduled work

 The chart of accounts

 Similar activity coding of schedule activities

 The smallest defined work packet

NO.77 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?

 15 days.

 0 days.

 5 days.

 10 days.

NO.78 Management has determined the need to release the product 20 days earlier than planned. What tasks need to be expedited?

 Drafting and Proofing the Manual.

 Packaging only.

 Printing the Manual.

 Testing, Manufacturing and Packaging.

NO.79 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

 Finish-no-earlier constraint on the first activity

 Finish-no-earlier constraint on the last activity

 Finish-no-later constraint on the last activity

 Start-no-later constraint on the first activity

NO.80 If no time extensions are granted and all actual delays are as described above, what will the total float calculation be at the end of the project?

 0 calendar days.

 -14 calendar days.

 -20 calendar days.

 10 calendar days.

NO.81 What is the result of a forward pass calculation?

 Value of total float for individual activities

 Early start and early finish date for individual activities

 Value of free float for individual activities

 Critical path

NO.82 Constraints control events or activities that __________________.

 Affect only the forward pass.

 Are not based on project relationships.

 Affect only the backward pass.

 May be over-ridden by activity logic.

NO.83 Time-scaled logic diagrams are

 Only calculated using a computer.

 The same as a pure-logic diagram.

 Used to calculate the most probable activity duration.

 Logic networks that are drawn to match the calendar.

NO.84 Using the “crashed” schedule, if you start Activity 2002 on August 12, 2001, what is the finish date for Activity 2002?

 09-28-01.

 09-08-01.

 09-15-01.

 09-18-01.

NO.85 Total float is defined as the amount of time an activity can be delayed without impacting

 The overall project completion

 The buoyancy of a successor activity

 The next activity

 The end of that activity

NO.86 What is a key first step in developing a critical path method schedule?

 Drawing a bar chart of the key phrases of the work.

 Defining the execution plan to meet the required scope of work.

 Setting out the resource to be used and its limitations.

 Drawing the logic diagram.

NO.87 Under which circumstance should one perform resource-leveling calculations?

 When the contract contains a provision for float-banking.

 When you believe that known resource limitations may override schedule logic.

 Never, unless required by the contract.

 When the schedule is resource-loaded.

NO.88 Using the “normal” schedule, theoretically construct a hammock for activities 6001-6003. What is the duration of the hammock?

 407 days

 362 days

 255 days

 267 days

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