Pass AACE-PSP Exam with Updated AACE-PSP Exam Dumps PDF 2022
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How to book the Planning & Scheduling Professional (PSP) Exam
Follow the steps mentioned below to book the Planning & Scheduling Professional (PSP) Exam:
- Step 1: Visit the AACE's website by clicking here
- Step 2: Create a new account or log in to an existing account
- Step 3: Select your professional exam
- Step 4: Complete the required course and take PSP practice test
- Step 5: Fill the application and submit all required documents
- Step 6: Schedule your exam by following the instructions on the website
NEW QUESTION 35
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 36
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 is manual CPM calculations, while PDM is computerized.
- D. ADM uses arrows, while PDM uses boxes.
Answer: B
NEW QUESTION 37
Using the "normal" schedule, theoretically construct a hammock for activities 6001-6003. What is the duration of the hammock?
- A. 407 days
- B. 362 days
- C. 267 days
- D. 255 days
Answer: A
NEW QUESTION 38
Activity 1001 started on the scheduled date but has slipped 10 days. Activity 10002 will slip 35 days. All remaining activities retain their original duration. What is the revised completion date?
- A. 03-21-04
- B. 02-19-04
- C. 03-20-04
- D. 03-11-04
Answer: D
NEW QUESTION 39
Why does activity 1001 have two successor activities?
- A. Because the duration of activities 2001, 2002 and 200.f require two successors
- B. Because the problem could not effectively work with only one successor
- C. Because the late finish of 1001 and the late start of 7001 require two successors
- D. Because there are two defined logic paths for the work
Answer: D
NEW QUESTION 40
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. Structural steel shop drawings.
- D. Shop drawings and centrifuge delay.
Answer: A
NEW QUESTION 41
Is activity 7001 pictured correctly in the precedence diagram?
- A. No, the total float is not shown correctly.
- B. No, the start-to-start and finish-to-finish relationships are backwards.
- C. Yes, the duration is 48 days.
- D. Yes, except the early finish date is not shown.
Answer: C
NEW QUESTION 42
If Activity E's duration changes to 4 months, what is the overall duration of the project.
- A. 21 months.
- B. 22 months.
- C. 19 months.
- D. 20 months.
Answer: D
NEW QUESTION 43
Which activity is drawn in the incorrect position?
- A. Activity D.
- B. Activity E.
- C. Activity C.
- D. Activity G.
Answer: A
NEW QUESTION 44
What does the heavy, vertical line at "X" represent?
- A. International Date Line.
- B. The status or data date.
- C. Delay fault line.
- D. Change-over limits.
Answer: B
NEW QUESTION 45
Determine the correct formula and date for the late start for the Activity 11001:
- A. LF.10001 + 1 day -> 01-16-04.
- B. LF.11001 - 27 days + 1 day -> 01-14- 04.
- C. LF.11001 - Dur.11001 -> 01-16-04.
- D. LF.1001 + DUR.10001 -> 01-14-04.
Answer: A
NEW QUESTION 46
Which of the following is NOT required when initially planning a project?
- A. Logical relationships between the tasks.
- B. The duration of each task.
- C. Resource Identification and leveling.
- D. A schedule that identifies tasks required on a project.
Answer: B
NEW QUESTION 47
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. The Eichleay formula
- B. Black-Scholes model
- C. Historical production rates
- D. Time impact analysis
Answer: C
NEW QUESTION 48
Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:
- A. Predecessor is activity 5001, successor is activity 8001
- B. Predecessor is activity 5001, successor is activity 8002
- C. Predecessor is activity 9001, successor is activity 9002
- D. Predecessor is activity 4001, successor is activity 8001
Answer: A
NEW QUESTION 49
What method offers the best chance of the schedule being used effectively to implement the project in the field?
- A. Issue detailed schedule updates as frequently as possible.
- B. Include detailed and stringent set of scheduling specifications in the contract.
- C. Allow large time contingencies on milestones and completion deadlines.
- D. Obtain consent and agreement to the schedule from the key project personnel.
Answer: D
NEW QUESTION 50
Which of the following are NOT considerations or constraints of the planning process for construction scheduling?
- A. Value engineering.
- B. Interest rate of owner's construction bonds.
- C. Project variables.
- D. Consideration of all stakeholders.
Answer: B
NEW QUESTION 51
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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 scheduling?
- What is a CPM schedule?
- What is planning?
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.
Introduction to Planning & Scheduling Professional (PSP) Exam
A PSP is a technical specialist in planning and scheduling with specialized experience in project planning and the production, tracking, updating, forecasting, and analysis of integrated project schedules. Under the AACE International Total Cost Management (TCM) system, the PSP leads the planning and scheduling process. A PSP can interact efficiently, both internal and external, with all project stakeholders.
In each of those chapters, the PSP Certification exam is divided into two main chapters (Planning and Scheduling) and two sections. A glimpse of all these sections could be found in the PSP exam dumps as well:
- Planning product
- Planning development
- Schedule maintenance and reporting
- Schedule development
Planning is the mechanism by which the length of the project task is added to the schedule is to define the project goals and the orderly tasks required to complete the project (the thought part) and not to be confused with scheduling.
Scheduling is a summary of when it is possible to complete each operation in a project and It must be finished to be done on schedule. The simplest of schedules displays the beginning and completion of operations of a given period in bar chart format. More complex schedules provide schedule logic, usually in CPM format, and display the critical path and floats associated with each operation. A time series of events and activities that reflect an operational timetable. The schedule describes the relative task start and end times and event occurrence times. On a calendar framework or on an elapsed time scale, a schedule can be presented.
The exam is administered through computer-based testing (CBT) and consists of questions of multiple choice and essay-style questions. This test is a closed book. Programmable or preprogrammed calculators are also allowed (including those with financial functions). See the PSP practice exams to understand the paper format. This exam provides a framework for formally evaluating the expertise and abilities of the person in a subject against generally agreed standards. It recognizes those who have demonstrated their experience and expertise in planning and scheduling.
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