Sample Questions of AACE-PSP Dumps With 100% Exam Passing Guarantee
Pass Key features of AACE-PSP Course with Updated 218 Questions
The AACE-PSP Certification Exam is recognized worldwide and is highly valued by employers in the industry. It is a rigorous exam that tests the candidate's knowledge in various areas related to project planning and scheduling. AACE-PSP exam covers topics such as project planning, scheduling techniques, resource management, risk management, and communication management.
NEW QUESTION # 102
Resource planning must take all of the following into account except for:
- A. Cash flow (expenditure) limitations for completing work on the project.
- B. Types of materials, equipment and labor skills required to complete the project.
- C. Time available to complete the project.
- D. Earned value techniques established for the project.
Answer: D
Explanation:
Resource planning focuses on identifying and allocating the required materials, equipment, labor, and financial resources.
Option A, C, and D are integral to resource planning.
Option B (earned value techniques) is a project control mechanism, not a resource planning factor.
This is consistent with the scope of resource planning as described in the PSP Study Gu
NEW QUESTION # 103
If after calculating a schedule an activity exhibits negative total float, which of the following is certain? The activity
- A. Has yet to be completed.
- B. It is on the critical path.
- C. Is a milestone.
- D. Was completed in the past.
Answer: A
NEW QUESTION # 104
As the project plan is developed a mechanism is developed to communicate the projects organic structures that will facilitate reporting against the baseline schedule and cost estimate or budget Which of the following is NOT used for reporting?
- A. The Organization Breakdown Structure (OBS)
- B. The Work Breakdown Structure (WBS)
- C. The Resource Breakdown Structure (RBS)
- D. The Cost Breakdown Structure (CBS)
Answer: C
NEW QUESTION # 105
What does the narrow band at "Y" represent?
- A. Resource limitation period
- B. A delaying event
- C. You cannot tell with the information supplied
- D. A rework period
Answer: B
NEW QUESTION # 106
If a cost estimate assumes that 240 hours will be expended on a given activity, and the projected crew size expected to perform that activity is 5 personnel working and 8-hour workday, what is the calculated duration for the activity?
- A. 5 days
- B. 4 days
- C. 6 days
- D. 8 days
Answer: C
Explanation:
To calculate the duration:
Total hours required: 240 hours.
Daily work hours per crew: 5 workers × 8 hours/day = 40 hours/day.
Duration = Total hours ÷ Daily work hours = 240 ÷ 40 = 6 days.
This calculation aligns with standard resource planning principles.
NEW QUESTION # 107
Determine the correct formula and date for the late start for Activity 9001.
- A. There is insufficient data provided to calculate the answer.
- B. LF.9001 Dur.9001 -> 11-20-02.
- C. LS.6001 Dur.6001 -> 11-20-02.
- D. The early finish is required in order to determine the answer.
Answer: B
NEW QUESTION # 108
If Activity E's duration changes to 4 months, what is the overall duration of the project.
- A. 20 months.
- B. 19 months.
- C. 21 months.
- D. 22 months.
Answer: B
Explanation:
Impact of Changing Activity E's Duration:
Activity E's new duration = 4 months.
The critical path passes through Activities A → C → D → E → H → I.
Recalculate Project Duration:
Original duration with E = 3 months: 19 months.
Increasing E to 4 months does not impact the overall path since it remains within the critical path's time allowance.
Overall project duration remains 19 months.
Cross-Verification:
Option B: Incorrect. Assumes additional delays.
Option C: Incorrect. Overestimates delays.
Option D: Incorrect. Miscalculates path changes.
Option A: Correct. Matches revised critical path duration.
Reference:
PSP Study Guide (2019), Sections on Critical Path and Float Calculations.
AACE Recommended Practices, RP 10S-90.
NEW QUESTION # 109
The expected remaining cost needed to complete an activity, group of activities or the project is the____________.
- A. Budgeted cost of work performed (BCWP)
- B. Estimate to complete (ETC)
- C. Budget at completion (BAC)
- D. Estimate at completion (EAC)
Answer: B
NEW QUESTION # 110
What is the primary difference between the arrow diagramming method (ADM) and the precedence diagramming method (PDM)?
- A. ADM is manual CPM calculations, while PDM is computerized.
- B. PDM is a bar chart with network logic, while ADM is a pure logic network.
- C. ADM uses arrows, while PDM uses boxes.
- D. ADM is limited to finish-to-start logic relationships, while PDM is not.
Answer: D
Explanation:
* Arrow Diagramming Method (ADM):
Also known as Activity-on-Arrow (AoA).
Activities are represented as arrows, and only finish-to-start (FS) relationships are supported.
ADM has limitations in representing other relationships like start-to-start (SS), finish-to-finish (FF), or start-to-finish (SF).
* Precedence Diagramming Method (PDM):
Known as Activity-on-Node (AoN).
Activities are represented as nodes (boxes), allowing for flexibility in logic relationships, including FS, SS, FF, and SF.
* PSP Study Guide Reference:
The PSP Study Guide highlights that PDM has more advanced capabilities compared to ADM, particularly in defining diverse logical relationships.
* Conclusion: The correct answer is A, as ADM is restricted to finish-to-start logic, while PDM offers more flexibility.
NEW QUESTION # 111
Assumptions made during the planning stage should be_____________.
- A. clearly stated as such in an internal memo
- B. a risk that is shifted to the implemented in the field
- C. replaced with facts as soon as they are known
- D. solely based on a solid experiential database
Answer: B
NEW QUESTION # 112
Why does activity 1001 have two successor activities?
- A. Because the problem could not effectively work with only one successor
- B. Because the late finish of 1001 and the late start of 7001 require two successors
- C. Because the duration of activities 2001, 2002 and 200.f require two successors
- D. Because there are two defined logic paths for the work
Answer: D
NEW QUESTION # 113
What portion of Activity B is on the critical path?
- A. The whole activity
- B. First half of the activity
- C. Last half of the activity
- D. None of it
Answer: D
NEW QUESTION # 114
What method offers the best chance of the schedule being used effectively to implement the project in the field?
- A. Obtain consent and agreement to the schedule from the key project personnel.
- B. Allow large time contingencies on milestones and completion deadlines.
- C. Include detailed and stringent set of scheduling specifications in the contract.
- D. Issue detailed schedule updates as frequently as possible.
Answer: A
Explanation:
An effective schedule is one that is realistic, collaborative, and accepted by key stakeholders involved in project execution.
Gaining consent and agreement ensures buy-in, facilitates implementation, and minimizes disputes (Option B).
Frequent updates (Option A) are essential for tracking but are insufficient without team agreement.
Contract specifications (Option C) govern compliance but do not guarantee effective field use.
Large contingencies (Option D) may reduce accountability and create inefficiencies in project management.
Collaboration and stakeholder involvement, as emphasized in the PSP Study Guide, are essential for schedule usability.
NEW QUESTION # 115
You are providing construction management services for a small office building project. Your duties include reviewing and approving the contractor's baseline schedule. The contractor has submitted the first baseline schedule for the project.
The contractor has included codes for each activity that identify {1) the category of work and (2) the trade/subcontract performing the work. What can this code information be used for?
- A. Display resources me contractor plans to use on each activity
- B. Organize reports to group related work activities
- C. Group schedule activities together based on their start dates
- D. Display detailed information regarding the sequencing of activities in the schedule
Answer: B
NEW QUESTION # 116
What is the relationship depicted between Activity G and Activity H?
- A. Start-to-start.
- B. You cannot tell with the supplied information.
- C. Finish-to-finish.
- D. Finish-to-start.
Answer: A
NEW QUESTION # 117
What is the cycle time?
- A. 14 minutes
- B. 5 minutes
- C. 17 minutes
- D. 6 minutes
Answer: C
NEW QUESTION # 118
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. Interview the project personnel for their perceptions and opinions because the schedule is usually inadequate.
- B. Use the forward-looking critical path of the most current updates.
- C. Use the progressed portion of the critical path of all the updates previous to the current update.
- D. Use the progressed portion of the critical path of the baseline schedule.
Answer: B
Explanation:
Understanding As-Built Critical Path Analysis:
Determining the as-built critical path of a project involves identifying the sequence of activities that actually dictated the completion of the project. This is especially important in projects that are underway, as schedules often deviate from the original baseline due to progress updates and unplanned changes.
Explanation of Each Option:
A). Use the progressed portion of the critical path of all the updates previous to the current update:
This is correct. To determine the most likely as-built critical path, analyzing the progressed portion of the critical path from all previous updates provides the most accurate representation of the project's actual execution. By reviewing the progression over time, you can piece together the actual sequence of critical activities.
B). Use the progressed portion of the critical path of the baseline schedule:
This is incorrect. The baseline schedule reflects the original plan, which may no longer be accurate due to progress deviations, delays, or changes in logic. Using the baseline alone does not account for the dynamic nature of the project.
C). Interview the project personnel for their perceptions and opinions because the schedule is usually inadequate:
This is incorrect. While project personnel may provide insights, relying solely on subjective opinions introduces biases and inconsistencies. A properly maintained and updated schedule is far more reliable for determining the critical path.
D). Use the forward-looking critical path of the most current updates:
This is incorrect. The forward-looking critical path only reflects what is expected to happen from the current point onward. It does not provide an accurate representation of the as-built critical path up to the current point.
* Study Guide Reference:
The PSP Study Guide emphasizes the importance of analyzing progress updates to trace the actual sequence of critical activities. Section 2.3.2 (Tracking Schedule Progress) discusses the role of historical updates in understanding project performance.
The guide also highlights that a proper as-built analysis requires a review of all updates to identify shifts in the critical path over time.
NEW QUESTION # 119
You are retained by a contractor who asks you to perform a simple as-planned versus as-built analysis (APAB) of a large hydro-electric dam project that took more than five years to complete. Your analysis will form the basis of a change order that requests a time extension. You suggest using a different methodology for quantifying the delay. Which of the following reasons for recommending a different analysis does NOT apply to a simple APAB analysis?
- A. Not suitable for complicated projects with multiple planned critical paths.
- B. Accuracy is increased by inserting delaying events into the as-planned schedule.
- C. Less accurate as the analysis advances through the project.
- D. Not suitable for projects with long durations.
Answer: B
Explanation:
* As-Planned vs. As-Built (APAB) Analysis:
A simple APAB compares the planned schedule to the actual schedule to identify deviations.
It does not involve inserting delaying events or re-forecasting the schedule, which makes it unsuitable for detailed analysis.
* Limitations of APAB:
Unsuitable for complex projects (A).
Inserting delays is not part of APAB (B).
Accuracy diminishes for long projects (C) or those requiring granular mid-project analyses (D).
* Conclusion: The correct answer is B, as inserting delays into the as-planned schedule is not a feature of simple APAB analysis.
NEW QUESTION # 120
......
AACE-PSP Sample Practice Exam Questions 2026 Updated Verified: https://realpdf.free4torrent.com/AACE-PSP-valid-dumps-torrent.html