Choose AACE-PSP Dumps (V10.02) to Prepare for the AACE Planning & Scheduling Professional (PSP) Exam: Read AACE-PSP Free Dumps (Part 1, Q1-Q40) Online

1. Determine the correct formula and date for the late finish for Activity 2002.

2. Constraints control events or activities that __________________.

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

4. You are retained by a contractor who asks you to perform a simple as-planned versus as-built analysis (APAB) of a large hydro-electric dam project that took more than five years to complete. Your analysis will form the basis of a change order that requests a time extension. You suggest using a different methodology for quantifying the delay.

Which of the following reasons for recommending a different analysis does NOT apply to a simple APAB analysis?

5. What is the primary difference between the arrow diagramming method (ADM) and the precedence diagramming method (PDM)?

6. Using the "normal" schedule, theoretically construct a hammock for activities 6001-6003.

What is the duration of the hammock?

7. Using the "normal" schedule, given Activity 3001 and the relationship with Activity 4001, what is indicated?

8. Which is NOT an industry-recognized methodology for quantifying critical delay?

9. Which of the following are NOT normally included in the project scope statement, either directly or by reference?

10. Activity durations are normally estimated in an intuitive and subjective way. All of the following will improve duration accuracy EXCEPT

11. Which of the following is NOT required when performing weekly or monthly schedule updates?

12. 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?

13. Budgeted cost of work scheduled is _______________________.

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

15. Which of the following is NOT required when initially planning a project?

16. At a minimum, periodic reporting must be done at what interval?

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

18. Using the "normal" schedule, and assuming you are billing on the last day of the month for previous month and for appropriate partial months, how many invoices will you have for this project?

19. Which letter of the alphabet best approximates the graphical shape of a project's cumulative cost baseline, or budgeted cost of work scheduled?

20. In analyzing a logical chain of activities in a critical path method (CPM) schedule, what do differing total float values within that chain typically indicate?

21. Under which circumstance should one perform resource-leveling calculations?

22. Which of the following will always describe the critical path? The path with

23. Which of the following phases does NOT describe the commonly accepted construction life cycle?

24. All the following describe the critical path of a schedule EXCEPT:

25. The expected remaining cost needed to complete an activity, group of activities or the project is the____________.

26. What method would be the best way to determine the most likely as-built critical path of a project that is underway, and the schedule of which has been partially progressed?

27. Estimate to complete (ETC) is __________________.

28. The work breakdown structure is used to organize

29. An early start constraint dictates

30. The linear scheduling velocity diagram has the following two-axis:

31. Total float is defined as the amount of time an activity can be delayed without impacting

32. Based on the stated costs, what percentage of the total cost comes from the 2000 series of activities?

33. Which of the following project planning situations is the most frequent contributor to cost overruns?

34. When resource leveling craft labor for a critical path schedule, the scheduler

35. What is the result of a forward pass calculation?

36. Of the following update procedures, which is the least important in achieving an accurate forecast for completion of a construction schedule?

37. 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?

38. Theoretically construct a summary activity for activities 2001 through 2004. Using the "normal" schedule, what is the cost of the hammock?

39. If after calculating a schedule an activity exhibits negative total float, which of the following is certain? The activity

40. Is activity 7001 pictured correctly in the precedence diagram?