[Dec-2021] AACE-PSP Exam Dumps Pass with Updated 2021 Planning & Scheduling Professional (PSP) Exam
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How to Prepare For Planning & Scheduling Professional (PSP) Exam
Preparation Guide for Planning & Scheduling Professional (PSP) Exam
Introduction
The Planning & Scheduling Professional PSP exam test is administered by AACE International, the Association for the Advancement of Cost Engineering. In 1956, during the organizational meeting of the American Association of Cost Engineering at the University of New Hampshire in Durham, New Hampshire, 59 cost estimators, and cost engineers founded AACE International (Association for the Advancement of Cost Engineering). The International Headquarters of AACE is based in Morgantown, West Virginia, USA. AACE is a specialized non-profit organization. The Board of the Council of Engineering and Technical Specialty Boards (CESB) is a member of AACE International.
AACE operates eight qualification programs at present. Both include the agreement and passing of an evaluation to adhere to a canon of ethics. Most require previous experience in the industry and may provide recertification through continuing education or reexamination. Six of these certifications are accredited by the Council of Engineering and Scientific Specialty Boards (CESB).
This exam guide is intended to aid in achieving AACE’s specialty certification with the best possible grades. It will enable you to understand the scope of the Planning & Scheduling Professional (PSP) Exam and help you to prepare for it successfully by making use of the provided PSP dumps. This guide includes information on the certification test target audience, recommended preparation and documentation, and a full list of exam targets, all to help you obtain a passing grade. To increase your chances of passing the test, AACE strongly recommends a mix of on-the-job experience, course attendance, and self-study, and taking the PSP practice tests. This guide contains useful references for detailed knowledge.
NEW QUESTION 67
What problems can a soils engineer deal with on a project?
- A. Toxic soils.
- B. Hidden subsurface conditions.
- C. Archeological findings.
- D. Survey error.
Answer: B
NEW QUESTION 68
How could the structural steel drawing delay have been prevented?
- A. Switch to post-tensioned concrete construction.
- B. Release the structural steel for fabrication concurrent with review of structural steel shop drawings.
- C. Allow adequate time for review and resubmittal in the baseline schedule.
- D. Add a time buffer at the end of structural steel activities.
Answer: D
NEW QUESTION 69
Budgeted cost of work scheduled is _______________________.
- A. The value of the completed work expressed in terms of the budget assigned to that work
- B. The sum of all budgets for work scheduled to be accomplished within a given time period
- C. The expected total cost of an activity, group of activities or the project
- D. The total authorized budget for accomplishing the project scope
Answer: C
NEW QUESTION 70
Which of the following are NOT considerations or constraints of the planning process for construction scheduling?
- A. Value engineering.
- B. Project variables.
- C. Interest rate of owner's construction bonds.
- D. Consideration of all stakeholders.
Answer: C
NEW QUESTION 71
The linear scheduling velocity diagram has the following two-axis:
- A. Time and location
- B. Time and crew size
- C. Time and rate of progress
- D. Location and crew size
Answer: C
NEW QUESTION 72
Which activity is drawn in the incorrect position?
- A. Activity G.
- B. Activity D.
- C. Activity E.
- D. Activity C.
Answer: B
NEW QUESTION 73
Using the "normal" schedule, if you start Activity 7001 on April 1, 2002, and using a 5-day workweek, what the finish date for Activity 7001?
- A. 06-04-02.
- B. 06-05-02.
- C. 06-11-02.
- D. 06-18-02.
Answer: B
NEW QUESTION 74
What method would be the best way to determine the most likely as-built critical path of a project that is underway, and the schedule of which has been partially progressed?
- A. Use the progressed portion of the critical path of the baseline schedule.
- B. Interview the project personnel for their perceptions and opinions because the schedule is usually inadequate.
- C. Use the forward-looking critical path of the most current updates.
- D. Use the progressed portion of the critical path of all the updates previous to the current update.
Answer: C
NEW QUESTION 75
Midway through the project you received an executed change order for this project, adding thirty-three days to the contract for weather delays. In its simplest form, how would your next project update display the changed condition?
- A. After Activity 1000, add a new Activity 1050 with a start-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-finish relationship to the final activity of the project.
- B. After Activity 1001, add a new Activity 1011 with a finish-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-start relationship to the final activity of the project.
- C. After Activity 1000, add a new Activity 1010 with a finish-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-start relationship to the final activity of the project.
Answer: B
NEW QUESTION 76
Total float is defined as the amount of time an activity can be delayed without impacting
- A. The overall project completion
- B. The next activity
- C. The buoyancy of a successor activity
- D. The end of that activity
Answer: A
NEW QUESTION 77
Determine the correct formula and date for the late finish for Activity 2002.
- A. LS.2003 - 1 day -> 11.06.01.
- B. LS.2003 + 1 day -> 10-07-01.
- C. LS.2003 - 1 day -> 10-05-01.
- D. LS.2003 - 1 day -> 10-06-01.
Answer: C
NEW QUESTION 78
At the end of month one, did the delay to the parking structure foundation delay the project?
- A. NO.
- B. Yes, by 14 calendar days.
- C. Yes, by 4 calendar days.
- D. Yes, by 9 calendar days.
Answer: C
NEW QUESTION 79
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. Frequently defined as the shortest path through the schedule.
- C. The series of activities having the least amount of total float.
- D. Determined by network logic and is the chain of activities that controls the overall project completion time.
Answer: B
NEW QUESTION 80
How much Total Float does drafting the product manual have?
- A. 15 workdays.
- B. 0 workdays.
- C. 10 workdays.
- D. 5 workdays.
Answer: C
NEW QUESTION 81
What is the remaining work duration of Active D?
- A. 4.
- B. 8.
- C. 3.
- D. 0
Answer: A
NEW QUESTION 82
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 has too much detail to reflect an accurate critical path.
- B. Different calendars are assigned to certain activities in the logical chain.
- C. The schedule is projecting an "early completion".
- D. Certain activities in the critical path have no successors.
Answer: D
NEW QUESTION 83
Determine the correct formula and date for the late start for Activity 9001.
- A. LS.6001 Dur.6001 -> 11-20-02.
- B. There is insufficient data provided to calculate the answer.
- C. The early finish is required in order to determine the answer.
- D. LF.9001 Dur.9001 -> 11-20-02.
Answer: D
NEW QUESTION 84
Assuming conventional finish-to-start relationships, to calculate a schedule retaining the existing logic means that
- A. There is no such thing.
- B. It is calculated using the original logic.
- C. An out-of-sequence activity cannot resume until all predecessors are finished.
- D. It is calculated using logic reflecting out-of-sequence progress.
Answer: B
NEW QUESTION 85
Which of the following are NOT normally included in the project scope statement, either directly or by reference?
- A. Project justification
- B. Project deliverables
- C. Project objectives in terms of cost, schedule and quality measures
- D. Project contract between the contractor and owner
Answer: A
NEW QUESTION 86
Which of the following is NOT a tool or technique used to perform scope planning?
- A. Schedule performance indexing.
- B. Alternatives identification.
- C. Benefit cost analysis.
- D. Expert Judgment.
Answer: A
NEW QUESTION 87
Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:
- A. Predecessor is activity 4001, successor is activity 8001
- B. Predecessor is activity 5001, successor is activity 8001
- C. Predecessor is activity 5001, successor is activity 8002
- D. Predecessor is activity 9001, successor is activity 9002
Answer: B
NEW QUESTION 88
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