New 2022 AACE-PSP Dumps for AACE Certification Certified Exam Questions and Answer
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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 development
- Schedule 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.
NEW QUESTION 41
If after calculating a schedule an activity exhibits negative total float, which of the following is certain? The activity
- A. Was completed in the past.
- B. Has yet to be completed.
- C. It is on the critical path.
- D. Is a milestone.
Answer: B
NEW QUESTION 42
Which of the following is NOT required when performing weekly or monthly schedule updates?
- A. Remaining duration of activities.
- B. Actual finish of activities.
- C. Percent complete.
- D. Original duration of activities.
Answer: A
NEW QUESTION 43
What is the free float for Activity F?
- A. 1months.
- B. 0months.
- C. 3 months.
- D. 2month.
Answer: B
NEW QUESTION 44
Why does activity 11001 not show successor activities?
- A. The scheduler forgot to add the successor activities
- B. The early finish and late finish are circular
- 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
NEW QUESTION 45
Which of the following types of delay will NOT result in a time extension and additional compensation for a contractor?
- A. Non-compensable delay
- B. Excusable delay
- C. Non-excusable delay
- D. Compensable delay
Answer: A
NEW QUESTION 46
The amount of time that an activity can be delayed from its early start date without delaying project completion is called
- A. Negative float.
- B. Free float.
- C. Total float.
- D. Interfering float.
Answer: C
NEW QUESTION 47
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
- A. Finish-no-earlier constraint on the last activity
- B. Finish-no-earlier constraint on the first activity
- C. Start-no-later constraint on the first activity
- D. Finish-no-later constraint on the last activity
Answer: D
NEW QUESTION 48
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 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
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 8002
- C. Predecessor is activity 4001, successor is activity 8001
- D. Predecessor is activity 5001, successor is activity 8001
Answer: D
NEW QUESTION 51
Which of the following is NOT required when initially planning a project?
- A. Logical relationships between the tasks.
- B. Resource Identification and leveling.
- C. A schedule that identifies tasks required on a project.
- D. The duration of each task.
Answer: D
NEW QUESTION 52
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. Productivity efficiency.
- B. Acceleration.
- C. Production output.
- D. Productivity loss.
Answer: D
NEW QUESTION 53
What is a key first step in developing a critical path method schedule?
- A. Defining the execution plan to meet the required scope of work.
- B. Setting out the resource to be used and its limitations.
- C. Drawing the logic diagram.
- D. Drawing a bar chart of the key phrases of the work.
Answer: C
NEW QUESTION 54
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?
- A. 10 calendar days.
- B. -14 calendar days.
- C. -20 calendar days.
- D. 0 calendar days.
Answer: B
NEW QUESTION 55
Which of the following will always describe the critical path? The path with
- A. Negative float.
- B. The longest duration through the network.
- C. Zero float.
- D. The shortest duration and negative float.
Answer: C
NEW QUESTION 56
If the administrative constraints for developing the precedence diagram, as provided in the contract documents, indicate that no individual construction activities shall have a longer duration of two months, how many activities in the "normal" schedule would be affected?
- A. 14.
- B. 12.
- C. Cannot be determined.
- D. 13.
Answer: B
NEW QUESTION 57
Each of the following accurately describes total float in a schedule EXCEPT:
- A. The amount of time an activity can be delayed without delaying the start or occurrence of any other activity or event in the network.
- B. The amount of time an activity can be delayed without delaying the overall project completion time.
- C. Can be positive or negative.
- D. Computed for an activity by subtracting its early finish from its late finish, or its early start from its late start.
Answer: A
NEW QUESTION 58
Which letter of the alphabet best approximates the graphical shape of a project's cumulative cost baseline, or budgeted cost of work scheduled?
- A. B.
- B. W.
- C. S.
- D. C.
Answer: C
NEW QUESTION 59
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