Authentic AACE International AACE-PSP Exam Dumps PDF - 2023 Updated
Get Prepared for Your AACE-PSP Exam With Actual 120 Questions
The AACE International PSP certification is a highly respected and valuable credential for professionals in the field of project planning and scheduling. The certification exam is comprehensive and rigorous, and candidates must meet strict educational and experience requirements to be eligible to take the exam. Individuals who hold the PSP certification are recognized as experts in their field and can enjoy increased career opportunities and earning potential.
To be eligible to take the AACE-PSP certification exam, candidates must have a minimum of four years of professional experience in planning and scheduling. They must also have a bachelor’s degree in a relevant field or an equivalent combination of education and experience. The exam itself consists of 120 multiple-choice questions and must be completed within four hours. The questions cover a range of topics related to project planning and scheduling, and candidates must score at least 70% to pass.
NEW QUESTION # 68
Is activity 7001 pictured correctly in the precedence diagram?
- A. Yes, the duration is 48 days.
- B. No, the start-to-start and finish-to-finish relationships are backwards.
- C. Yes, except the early finish date is not shown.
- D. No, the total float is not shown correctly.
Answer: A
NEW QUESTION # 69
For the late finish for Activity 11001, select the most appropriate response for transitioning from the forward pass.
- A. LS.11001 + 25 days.
- B. 02-19-04.
- C. EF.11001.
- D. EF.11001 + 1 day.
Answer: B
NEW QUESTION # 70
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. $307,000.
- B. $524,000.
- C. $420,000.
- D. $552,000.
Answer: D
NEW QUESTION # 71
During proofing of the product manual, a problem was discovered requiring 15 days additional time to effect a correction. How can the date of availability be maintained?
- A. Expedite packaging by 5 days.
- B. Expedite printing by 5 days.
- C. Delay manufacturing by 5 days.
- D. Delay product release by 5 days.
Answer: D
NEW QUESTION # 72
If all other work proceeds according to the Baseline plan, how many times will the critical path change?
- A. 3.
- B. Does not change.
- C. 1.
- D. 2.
Answer: B
NEW QUESTION # 73
You are developing a detailed critical path schedule for a proposed petrochemical plant. The schedule will become a part of the project baseline document, which will be sent to the company's board of directors for its consideration. What document or resource is likely to be MOST valuable in determining the schedule's work activity durations?
- A. The cost estimate for the plant prepared by your firm's estimating department.
- B. Industry publications.
- C. Critical path schedules prepared by you for similar completed projects.
- D. The Petrochemical Industry New Plant Task Duration Handbook.
Answer: C
NEW QUESTION # 74
Determine the correct formula and date for the late start for the Activity 11001:
- A. LF.10001 + 1 day -> 01-16-04.
- B. LF.11001 - Dur.11001 -> 01-16-04.
- C. LF.1001 + DUR.10001 -> 01-14-04.
- D. LF.11001 - 27 days + 1 day -> 01-14- 04.
Answer: A
NEW QUESTION # 75
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 # 76
Which of the following types of delay will NOT result in a time extension and additional compensation for a contractor?
- A. Compensable delay
- B. Non-excusable delay
- C. Excusable delay
- D. Non-compensable delay
Answer: D
NEW QUESTION # 77
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 # 78
Why does activity 11001 not show successor activities?
- A. It is the final activity for the required work for the project
- B. It is the penultimate work required for the project
- C. The scheduler forgot to add the successor activities
- D. The early finish and late finish are circular
Answer: A
NEW QUESTION # 79
Identify the minimum project duration.
- A. 20 months.
- B. 21 months.
- C. 16 months.
- D. 19 months.
Answer: A
NEW QUESTION # 80
As a change to the network for the current update, activity 6002 is required to begin ten days after the beginning of activity 6001. Which is the simplest logic organization?
- A. A start-to-start to relationship for both activities 6001 and 6002 with a ten-day lag assigned to activity
6002. - B. A start-to-finish relationship with both activities 6001 and 6002 having a ten-day lag
- C. A start-to-start relationship with a ten-day lag assigned to activity 6001; activity 6002 will be dependent on activity 6001
- D. A finish-to-start relationship with a ten-day lag assigned to activity 6002; activity 6001 will be dependent on activity 6002
Answer: D
NEW QUESTION # 81
What is the cycle time?
- A. 14 minutes
- B. 6 minutes
- C. 17 minutes
- D. 5 minutes
Answer: C
NEW QUESTION # 82
Resource planning must take all of the following into account except for
- A. Time available to complete the project.
- B. Cash flow (expenditure) limitations for completing work on the project.
- C. Types of materials, equipment and labor skills required to complete the project.
- D. Earned value techniques established for the project.
Answer: D
NEW QUESTION # 83
Activity 1001 started on the scheduled date but has slipped 10 days. Activity 10002 will slip 35 days. All remaining activities retain their original duration. What is the revised completion date?
- A. 02-19-04
- B. 03-11-04
- C. 03-21-04
- D. 03-20-04
Answer: B
NEW QUESTION # 84
Under which circumstance should one perform resource-leveling calculations?
- A. When the contract contains a provision for float-banking.
- B. When you believe that known resource limitations may override schedule logic.
- C. Never, unless required by the contract.
- D. When the schedule is resource-loaded.
Answer: B
NEW QUESTION # 85
What is the relationship depicted between Activity G and Activity H?
- A. You cannot tell with the supplied information.
- B. Finish-to-start.
- C. Start-to-start.
- D. Finish-to-finish.
Answer: C
NEW QUESTION # 86
Determine the correct formula and date for the late finish for Activity 9004.
- A. LS.10002 - 1 day -> 11-27-03.
- B. LS.10002 - Lag.7 - l day -> 11-20-03.
- C. LS.10002 + 1 day -> 11-29-03.
- D. LS.10002^ Lag.7 + i day -> 11-20-03.
Answer: D
NEW QUESTION # 87
Management has determined the need to release the product 20 days earlier than planned. What tasks need to be expedited?
- A. Printing the Manual.
- B. Packaging only.
- C. Drafting and Proofing the Manual.
- D. Testing, Manufacturing and Packaging.
Answer: D
NEW QUESTION # 88
Assuming that you had only one crane capable of 30 lifts per day, 3 column pours requiring 28 lifts each, plus associated assorted work requiring an additional 150 lifts, what is the minimum planned working duration for this work?
- A. 15 workdays
- B. 7 work days
- C. 18 work days
- D. 8 work days
Answer: D
NEW QUESTION # 89
What is the remaining work duration of Active D?
- A. 4.
- B. 3.
- C. 8.
- D. 0
Answer: A
NEW QUESTION # 90
When reconstructing a CPM schedule electronically from a hardcopy, which of the following is NOT required to determine the critical path?
- A. Detailed listing of working days for each calendar used
- B. Assigned party responsibility for each work task
- C. Tabular listing of activities showing duration, calendar ID, early and late dates
- D. Predecessor and successor listing with logic type and lag duration, preferably sorted by activity ID
Answer: B
NEW QUESTION # 91
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The AACE-PSP certification is highly regarded in the project management industry, as it demonstrates a candidate's proficiency in project planning and scheduling. It is an ideal certification for professionals who wish to advance their careers in project management or for those who wish to demonstrate their expertise to potential employers. The AACE-PSP certification is valid for three years, and candidates must earn continuing education units (CEUs) to maintain their certification.
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