EXAM AACE-PSP TIPS - AACE-PSP RELIABLE EXAM TUTORIAL

Exam AACE-PSP Tips - AACE-PSP Reliable Exam Tutorial

Exam AACE-PSP Tips - AACE-PSP Reliable Exam Tutorial

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The AACE-PSP certification exam covers a wide range of topics, including project planning, scheduling, risk management, earned value management, and cost control. It is designed for professionals who have experience in project planning and scheduling and are looking to advance their career by demonstrating their expertise in the field. AACE-PSP Exam is challenging and requires a deep understanding of project management principles and techniques. However, passing the AACE-PSP certification exam can provide significant benefits, including increased job opportunities, higher salaries, and greater credibility with clients and colleagues.

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AACE International Planning & Scheduling Professional (PSP) Exam Sample Questions (Q130-Q135):

NEW QUESTION # 130
Which of the following are NOT normally included in the project scope statement, either directly or by reference?

  • A. Project contract between the contractor and owner
  • B. Project deliverables
  • C. Project objectives in terms of cost, schedule and quality measures
  • D. Project justification

Answer: D


NEW QUESTION # 131
If a detailed estimate is NOT available to assist in the formulation of activity durations but unit quantities have been identified, what information can be utilized to estimate work package/activity durations?

  • A. Black-Scholes model
  • B. The Eichleay formula
  • C. Time impact analysis
  • D. Historical production rates

Answer: D


NEW QUESTION # 132
All the following describe the critical path of a schedule EXCEPT:

  • A. Changed by redefining the network logic or changing activity durations or both.
  • B. Determined by network logic and is the chain of activities that controls the overall project completion time.
  • C. Frequently defined as the shortest path through the schedule.
  • D. The series of activities having the least amount of total float.

Answer: D


NEW QUESTION # 133
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. $552,000.
  • B. $420,000.
  • C. $307,000.
  • D. $524,000.

Answer: A


NEW QUESTION # 134
Using the normal schedule and excluding general conditions, which activities are NOT on the critical path?

  • A. 6001, 8001, 9001. 9002, 9004. 9005
  • B. 7001, 8001, 9001. 9003. 9004. 10002
  • C. 2003,8001.9001.9002,9005,10001
  • D. 5001,7001.8001,9001,9004,9005

Answer: A


NEW QUESTION # 135
......

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