[Nov 07, 2024] AACE International Dumps - Learn How To Deal With The (AACE-PSP) Exam Anxiety
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The AACE-PSP certification is designed for professionals who are responsible for planning and scheduling project activities. This includes project managers, project planners, and project schedulers. Planning & Scheduling Professional (PSP) Exam certification covers a wide range of topics including project planning, scheduling, cost control, and risk management. These topics are essential for effective project management and are critical for the success of any project.
AACE International is a renowned professional organization that provides certifications and training for professionals in the field of project management, cost engineering, and scheduling. One of the most popular certifications offered by AACE International is the AACE-PSP (Planning & Scheduling Professional) Certification Exam. Planning & Scheduling Professional (PSP) Exam certification is designed to validate the skills and knowledge of individuals who are involved in project planning, scheduling, and control.
NEW QUESTION # 18
Constraints control events or activities that __________________.
- A. Affect only the backward pass.
- B. May be over-ridden by activity logic.
- C. Are not based on project relationships.
- D. Affect only the forward pass.
Answer: B
NEW QUESTION # 19
If no time extensions are granted and all actual delays are as described above, what will the total float calculation be at the end of the project?
- A. 0 calendar days.
- B. -14 calendar days.
- C. -20 calendar days.
- D. 10 calendar days.
Answer: B
NEW QUESTION # 20
Free float is the
- A. Difference In float value of the critical path activities and the float value of the specific activity being analyzed.
- B. Amount of time the early start of an activity can be delayed without impacting the early start of the successor activity.
- C. Difference between the early finish dates and late finish dates of an activity.
- D. Difference between the early dates and late dates of an activity.
Answer: B
NEW QUESTION # 21
Using the "normal" schedule, given Activity 3001 and the relationship with Activity 4001, what is indicated?
- A. These activities are concurrent with Activity 4001 starting 15 days earlier than the start of Activity 3001.
- B. The activities run concurrently.
- C. The activities occur in series with a 15-day lag.
- D. These activities are concurrent with Activity 4001 starting 15 days after the start of Activity 3001.
Answer: C
NEW QUESTION # 22
What is the remaining work duration of Active D?
- A. 4.
- B. 3.
- C. 0
- D. 8.
Answer: A
NEW QUESTION # 23
In order for a claimant to be entitled to an extension of contract time for a delay event (and further to be considered compensable):
- A. The delay must not cause monetary harm to the defendant.
- B. The delay must affect the contractor's planned construction schedule.
- C. The delay must be concurrent with the delay attributable to both parties.
- D. The delay must affect the critical path.
Answer: D
NEW QUESTION # 24
The linear scheduling velocity diagram has the following two-axis:
- A. Time and rate of progress
- B. Time and location
- C. Time and crew size
- D. Location and crew size
Answer: A
NEW QUESTION # 25
Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:
- A. Predecessor is activity 9001, successor is activity 9002
- B. Predecessor is activity 4001, successor is activity 8001
- C. Predecessor is activity 5001, successor is activity 8001
- D. Predecessor is activity 5001, successor is activity 8002
Answer: C
NEW QUESTION # 26
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 start or occurrence of any other activity or event in the network.
- B. The amount of time an activity can be delayed without delaying the overall project completion time.
- C. Computed for an activity by subtracting its early finish from its late finish, or its early start from its late start.
- D. Can be positive or negative.
Answer: A
NEW QUESTION # 27
Resource planning must take all of the following into account except for
- A. Types of materials, equipment and labor skills required to complete the project.
- B. Cash flow (expenditure) limitations for completing work on the project.
- C. Earned value techniques established for the project.
- D. Time available to complete the project.
Answer: C
NEW QUESTION # 28
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 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.
- B. 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.
- C. 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.
Answer: A
NEW QUESTION # 29
Which letter of the alphabet best approximates the graphical shape of a project's cumulative cost baseline, or budgeted cost of work scheduled?
- A. W.
- B. C.
- C. B.
- D. S.
Answer: D
NEW QUESTION # 30
What is the free float for Activity F?
- A. 1months.
- B. 0months.
- C. 3 months.
- D. 2month.
Answer: B
NEW QUESTION # 31
Activity durations are normally estimated in an intuitive and subjective way. All of the following will improve duration accuracy EXCEPT
- A. Use the people responsible for performing the work as a resource to assign activity durations.
- B. Divide activities into smaller activities. This will increase activity detail and duration estimate accuracy.
- C. Use gross building square footages. The pluses and minuses all average out.
- D. Look at each activity independently and don't follow specific logic paths when assigning activity durations.
Answer: C
NEW QUESTION # 32
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. $420,000.
- B. $552,000.
- C. $307,000.
- D. $524,000.
Answer: B
NEW QUESTION # 33
Under which circumstance should one perform resource-leveling calculations?
- A. When you believe that known resource limitations may override schedule logic.
- B. Never, unless required by the contract.
- C. When the contract contains a provision for float-banking.
- D. When the schedule is resource-loaded.
Answer: A
NEW QUESTION # 34
Which of the following will NOT affect the total float calculation of a non-resource leveled schedule?
- A. Front end loading.
- B. Start and finish constraints.
- C. Preferential logic.
- D. Multiple calendars.
Answer: A
NEW QUESTION # 35
What does the narrow band at "Y" represent?
- A. Activity inactivity.
- B. Resource limitation period.
- C. A rework period.
- D. You cannot tell with the information supplied.
Answer: A
NEW QUESTION # 36
Which of the following is NOT required when performing weekly or monthly schedule updates?
- A. Actual finish of activities.
- B. Original duration of activities.
- C. Percent complete.
- D. Remaining duration of activities.
Answer: D
NEW QUESTION # 37
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