100% Accurate Answers! Oct-2022 AACE-PSP Actual Real Exam Questions [Q37-Q52]

100% Accurate Answers! Oct-2022 AACE-PSP Actual Real Exam Questions

Best Value Available! 2022 Realistic Verified Free AACE-PSP Exam Questions

How to study the Planning & Scheduling Professional (PSP) Exam

In general, the education and professional experience of an applicant are the primary sources that prepare the person for the test. As mentioned in the eligibility criteria for the exam, the applicant must have at least 4 to 8 years of industry experience in the field which itself is preparatory material. There are, however, other ways to prepare for the test. AACE itself provides a distant learning opportunity through its website for which applicants can sign up. AACE conducts review sessions and annual meetings in which the participation of an applicant can prove to be very helpful as they will be able to participate and listen to discussions on the topics of planning and scheduling.

Participants must search for the answers to the following questions if they wish to prepare the best for the exam:

• What is planning?
• Why is scheduling important?
• Why is planning important?

Furthermore, PSP exam dumps pdf and PSP practice exams are available online, and students are highly encouraged to study those exam dumps as they are the best study materials. As always, We recommend a combination of hands-on experience, completion of the training course, and self-study in the areas described in the Exam Outline section of this exam guide as preparation for this exam. After all sorts of study, test your understanding by taking the PSP practice exams. Hover on to AACE's Website and take a look at study materials provided for the exam. Check for the topics mentioned in the Exam Outline section of this guide to review the online documentation, tip sheets, and user guides and study the details relevant to those topics. Refer to the links at the end of this document for more study material. For further exam self-study materials, refer to the links down below.

How much Planning & Scheduling Professional (PSP) Exam Cost

The cost of this exam differs according to the region from where you are applying from and the exact amount of the exam will be available when you complete the application at AACE's website and proceed to the payment section. Roughly speaking, it costs around USD 200. Hover on to the official website of AACE by clicking Apply now button from this website and choose your region for more pricing information. Other costs may also incur like buying the PSP exam dumps and then practicing for the exam via the PSP practice exams. If you have an AACE membership or you do apply for one, the certifications will be offered to you at discounted prices.

What is the duration, language, and format of the Planning & Scheduling Professional (PSP) Exam

• Duration of Exam: 5 hours
• Format: Multiple choice, compound, scenario questions + 1 memo writing assignment
• Passing score: 70%
• Total questions: 119
• Language of Exam: English

NEW QUESTION 37
A driving relationship is _____________________.

 A critical relationship.

 A finish-to-start relationship.

 The link between two related activities.

 The link between a predecessor and the activity whose dates it controls.

NEW QUESTION 38
Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:

 Predecessor is activity 5001, successor is activity 8001

 Predecessor is activity 4001, successor is activity 8001

 Predecessor is activity 9001, successor is activity 9002

 Predecessor is activity 5001, successor is activity 8002

NEW QUESTION 39
Why does activity 11001 not show successor activities?

 The early finish and late finish are circular

 It is the penultimate work required for the project

 The scheduler forgot to add the successor activities

 It is the final activity for the required work for the project

NEW QUESTION 40
For the late finish for Activity 11001, select the most appropriate response for transitioning from the forward pass.

 LS.11001 + 25 days.

 02-19-04.

 EF.11001.

 EF.11001 + 1 day.

NEW QUESTION 41
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?

 8 days

 6 days

 4 days

 5 days

NEW QUESTION 42
Which of the following types of delay will NOT result in a time extension and additional compensation for a contractor?

 Non-excusable delay

 Compensable delay

 Non-compensable delay

 Excusable delay

NEW QUESTION 43
Budgeted cost of work scheduled is _______________________.

 The value of the completed work expressed in terms of the budget assigned to that work

 The total authorized budget for accomplishing the project scope

 The expected total cost of an activity, group of activities or the project

 The sum of all budgets for work scheduled to be accomplished within a given time period

NEW QUESTION 44
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 start-to-start relationship with a ten-day lag assigned to activity 6001; activity 6002 will be dependent on activity 6001

 A start-to-start to relationship for both activities 6001 and 6002 with a ten-day lag assigned to activity
6002.

 A start-to-finish relationship with both activities 6001 and 6002 having a ten-day lag

 A finish-to-start relationship with a ten-day lag assigned to activity 6002; activity 6001 will be dependent on activity 6002

NEW QUESTION 45
Determine the correct formula and date for the late finish for Activity 2001.

 LF.2001 – 1 day -> 08-28-01.

 LS.2002- 1 day-> 08-29-01.

 LS.2002 + 1 day -> 08-30-01.

 LS.2002 – 1 day -> 08-28-01.

NEW QUESTION 46
Assuming conventional finish-to-start relationships, to calculate a schedule retaining the existing logic means that

 It is calculated using the original logic.

 It is calculated using logic reflecting out-of-sequence progress.

 An out-of-sequence activity cannot resume until all predecessors are finished.

 There is no such thing.

NEW QUESTION 47
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

 Finish-no-earlier constraint on the first activity

 Finish-no-earlier constraint on the last activity

 Finish-no-later constraint on the last activity

 Start-no-later constraint on the first activity

NEW QUESTION 48
All the following describe the critical path of a schedule EXCEPT:

 Determined by network logic and is the chain of activities that controls the overall project completion time.

 Frequently defined as the shortest path through the schedule.

 Changed by redefining the network logic or changing activity durations or both.

 The series of activities having the least amount of total float.

NEW QUESTION 49
When resource leveling craft labor for a critical path schedule, the scheduler

 Must consider breaks in continuity of work for subcontractors, thereby possibly incurring additional subcontractor mobilization and demobilization costs.

 Can depend on the results of the resource leveling operation to reflect a useful realignment of all schedule activities without ‘further analysis.

 Need not consider its effects, as it is a theoretical concept with limited application to construction projects.

 Need only consider the non-union crafts persons.

NEW QUESTION 50
Using the “crashed” schedule, if you start Activity 2002 on August 12, 2001, what is the finish date for Activity 2002?

 09-28-01.

 09-08-01.

 09-15-01.

 09-18-01.

NEW QUESTION 51
Based on the stated costs, what percentage of the total cost comes from the 2000 series of activities?

 3.9% (1 : 25.708)

 2.3% (1 : 43.501).

 9.1% (1 : 11.000).

 8.6% (1 : 11.591)

NEW QUESTION 52
The sum of all budgets for work scheduled to be accomplished within a given time period is the
____________.

 Estimate at completion (EAC)

 Budget at completion (BAC)

 Budgeted cost of work performed (BCWP)

 Budgeted cost of work scheduled (BCWS)

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