AACE International Exam 2024 AACE-PSP Dumps Updated Questions UPDATED Feb-2024
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AACE International AACE-PSP certification is an essential certification for professionals in the field of project planning and scheduling. Planning & Scheduling Professional (PSP) Exam certification covers a wide range of topics related to project management, and the exam is designed to test the competency of individuals in these areas. If you are a project manager, project planner or project scheduler, earning the AACE-PSP designation can help you advance your career and demonstrate your expertise in the field.
NEW QUESTION # 27
What is the free float for Activity F?
- A. 3 months.
- B. 2month.
- C. 1months.
- D. 0months.
Answer: D
NEW QUESTION # 28
Time-scaled logic diagrams are
- A. Logic networks that are drawn to match the calendar.
- B. The same as a pure-logic diagram.
- C. Used to calculate the most probable activity duration.
- D. Only calculated using a computer.
Answer: A
NEW QUESTION # 29
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. Was completed in the past.
- C. It is on the critical path.
- D. Is a milestone.
Answer: A
NEW QUESTION # 30
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. Difference between the early finish dates and late finish dates of an activity.
- C. Amount of time the early start of an activity can be delayed without impacting the early start of the successor activity.
- D. Difference between the early dates and late dates of an activity.
Answer: C
NEW QUESTION # 31
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. $552,000.
- B. $307,000.
- C. $524,000.
- D. $420,000.
Answer: A
NEW QUESTION # 32
Which of the following will NOT affect the total float calculation of a non-resource leveled schedule?
- A. Start and finish constraints.
- B. Preferential logic.
- C. Front end loading.
- D. Multiple calendars.
Answer: C
NEW QUESTION # 33
Is activity 7001 pictured correctly in the precedence diagram?
- A. Yes, except the early finish date is not shown.
- B. No, the start-to-start and finish-to-finish relationships are backwards.
- C. Yes, the duration is 48 days.
- D. No, the total float is not shown correctly.
Answer: C
NEW QUESTION # 34
What is the remaining work duration of Active D?
- A. 3.
- B. 8.
- C. 4.
- D. 0
Answer: C
NEW QUESTION # 35
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 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.
- 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: A
NEW QUESTION # 36
Determine the correct formula and date for the late finish for Activity 2001.
- A. LS.2002 + 1 day -> 08-30-01.
- B. LS.2002- 1 day-> 08-29-01.
- C. LS.2002 - 1 day -> 08-28-01.
- D. LF.2001 - 1 day -> 08-28-01.
Answer: C
NEW QUESTION # 37
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 # 38
Which statement is true?
- A. Where compensability cannot be established, excusability is assumed.
- B. Where compensability cannot be established, excusability is a given.
- C. Where compensability can be established, excusability is assumed.
- D. Where compensability can be established, excusabltity cannot be assumed.
Answer: A
NEW QUESTION # 39
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. Look at each activity independently and don't follow specific logic paths when assigning activity durations.
- C. Use the people responsible for performing the work as a resource to assign activity durations.
- D. Divide activities into smaller activities. This will increase activity detail and duration estimate accuracy.
Answer: A
NEW QUESTION # 40
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. Testing, Manufacturing and Packaging.
- C. Packaging only.
- D. Drafting and Proofing the Manual.
Answer: B
NEW QUESTION # 41
What is the cycle time?
- A. 6 minutes
- B. 14 minutes
- C. 17 minutes
- D. 5 minutes
Answer: C
NEW QUESTION # 42
Which of the following is NOT true?
- A. Constraints can interfere with the longest path calculation.
- B. A network must contain only one Critical Path.
- C. Multiple calendars can affect the total float calculation.
- D. Remaining durations can exceed original durations.
Answer: D
NEW QUESTION # 43
Identify the late finish to develop plans and specs.
- A. 7 months.
- B. 9 months.
- C. 10 months.
- D. 8 months.
Answer: B
NEW QUESTION # 44
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 critical path.
- C. The delay must affect the contractor's planned construction schedule.
- D. The delay must be concurrent with the delay attributable to both parties.
Answer: B
NEW QUESTION # 45
When resource leveling craft labor for a critical path schedule, the scheduler
- A. Need only consider the non-union crafts persons.
- B. Need not consider its effects, as it is a theoretical concept with limited application to construction projects.
- C. Must consider breaks in continuity of work for subcontractors, thereby possibly incurring additional subcontractor mobilization and demobilization costs.
- D. Can depend on the results of the resource leveling operation to reflect a useful realignment of all schedule activities without 'further analysis.
Answer: D
NEW QUESTION # 46
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. Computed for an activity by subtracting its early finish from its late finish, or its early start from its late start.
- C. Can be positive or negative.
- D. The amount of time an activity can be delayed without delaying the overall project completion time.
Answer: A
NEW QUESTION # 47
Theoretically construct a summary activity for activities 2001 through 2004. Using the "normal" schedule, what is the cost of the hammock?
- A. $139,000
- B. $289,000
- C. $271,000
- D. $299,000
Answer: B
NEW QUESTION # 48
What is the result of a forward pass calculation?
- A. Critical path
- B. Value of total float for individual activities
- C. Value of free float for individual activities
- D. Early start and early finish date for individual activities
Answer: D
NEW QUESTION # 49
In its simplest form, what is the main drawback of critical path method scheduling?
- A. It doesn't account for interdependent between activities.
- B. It assumes that resources are unlimited.
- C. It allows for Precedence Diagramming Method to be used in place of Arrow Diagramming Method.
- D. It requires a backward pass to calculate late dates.
Answer: B
NEW QUESTION # 50
Assuming a total of 30 lifts per crane per day, what is the maximum number of lifts that could be accomplished using 3 small tower cranes over a 5-day period?
- A. 45 lifts
- B. 300 lifts
- C. 450 lifts
- D. 150 lifts
Answer: C
NEW QUESTION # 51
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