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The PSP Certification Exam is a computer-based exam that consists of 120 multiple-choice questions. Candidates have four hours to complete the exam. The passing score is 70% or higher.
Obtaining the AACE-PSP certification can provide many benefits for professionals in project management. Planning & Scheduling Professional (PSP) Exam certification can help professionals stand out in a competitive job market and demonstrate their expertise in project planning and scheduling. Additionally, the certification can lead to higher salaries and greater job opportunities.
NEW QUESTION # 72
Activity durations are normally estimated in an intuitive and subjective way. All of the following will improve duration accuracy EXCEPT
- A. Use gross building square footages. The pluses and minuses all average out.
- B. Divide activities into smaller activities. This will increase activity detail and duration estimate accuracy.
- C. Use the people responsible for performing the work as a resource to assign activity durations.
- D. Look at each activity independently and don't follow specific logic paths when assigning activity durations.
Answer: A
NEW QUESTION # 73
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 # 74
For which of these delays should an owner grant a time extension?
- A. Differing site conditions at parking structure.
- B. Differing site conditions and centrifuge delay.
- C. Shop drawings and centrifuge delay.
- D. Structural steel shop drawings.
Answer: A
NEW QUESTION # 75
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. Finish-no-later constraint on the last activity
- D. Start-no-later constraint on the first activity
Answer: C
NEW QUESTION # 76
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. Time impact analysis
- B. Historical production rates
- C. The Eichleay formula
- D. Black-Scholes model
Answer: B
NEW QUESTION # 77
What does the narrow band at "Y" represent?
- A. You cannot tell with the information supplied.
- B. A rework period.
- C. Activity inactivity.
- D. Resource limitation period.
Answer: C
NEW QUESTION # 78
Determine the correct formula and date for the late start for Activity 9001.
- A. The early finish is required in order to determine the answer.
- B. LF.9001 Dur.9001 -> 11-20-02.
- C. There is insufficient data provided to calculate the answer.
- D. LS.6001 Dur.6001 -> 11-20-02.
Answer: B
NEW QUESTION # 79
If drafting of the product manual overruns its planned duration by 5 days, how many days may the manufacturing be delayed without affecting release of the product?
- A. 5 days.
- B. 15 days.
- C. 10 days.
- D. 0 days.
Answer: D
NEW QUESTION # 80
Which of the following is NOT input data to the construction planning process?
- A. Input from the owner
- B. Input from the contractor
- C. Bonding capacity of subcontractors
- D. The contract
Answer: C
NEW QUESTION # 81
Which is NOT an industry-recognized methodology for quantifying critical delay?
- A. Collapsed As-Built.
- B. Periodic Windows.
- C. Time Impact.
- D. Gantt Chart.
Answer: D
NEW QUESTION # 82
Of the following update procedures, which is the least important in achieving an accurate forecast for completion of a construction schedule?
- A. Estimating remaining durations of activities.
- B. Making "downstream" logic revisions as required.
- C. The correct recording of actual start dates.
- D. Entering the time impacts of delays and change orders.
Answer: B
NEW QUESTION # 83
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 printing by 5 days.
- B. Delay product release by 5 days.
- C. Delay manufacturing by 5 days.
- D. Expedite packaging by 5 days.
Answer: B
NEW QUESTION # 84
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 overall project completion time.
- B. The amount of time an activity can be delayed without delaying the start or occurrence of any other activity or event in the network.
- 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: B
NEW QUESTION # 85
Which of the following is NOT a tool or technique used to perform scope planning?
- A. Schedule performance indexing.
- B. Benefit cost analysis.
- C. Expert Judgment.
- D. Alternatives identification.
Answer: A
NEW QUESTION # 86
An earned value-based project control system can use either of which two budgets as the basis of its calculations?
- A. Linear feet or dollars.
- B. Direct or indirect cost.
- C. Earned or budgeted cost yearly.
- D. Labor hours or dollars.
Answer: C
NEW QUESTION # 87
What is the primary difference between the arrow diagramming method (ADM) and the precedence diagramming method (PDM)?
- A. PDM is a bar chart with network logic, while ADM is a pure logic network.
- B. ADM is limited to finish-to-start logic relationships, while PDM is not.
- C. ADM uses arrows, while PDM uses boxes.
- D. ADM is manual CPM calculations, while PDM is computerized.
Answer: B
NEW QUESTION # 88
If Activity E's duration changes to 4 months, what is the overall duration of the project.
- A. 22 months.
- B. 21 months.
- C. 20 months.
- D. 19 months.
Answer: C
NEW QUESTION # 89
What owner action could have mitigated the late completion of the project?
- A. Self-perform more of the work.
- B. Prepare better structural steel drawings.
- C. Use a procurement agent to monitor and expedite equipment deliveries.
- D. Hire a more senior project manager.
Answer: C
NEW QUESTION # 90
What is the workweek period for this project?
- A. Sunday through Saturday
- B. Monday through Saturday
- C. Sunday through Friday
- D. Monday through Friday
Answer: A
NEW QUESTION # 91
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