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AACE International PSP Planning & Scheduling Professional (PSP) Exam Exam Practice Test

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Total 163 questions

Planning & Scheduling Professional (PSP) Exam Questions and Answers

Question 1

What is a key first step in developing a critical path method schedule?

Options:

A.

Drawing a bar chart of the key phrases of the work.

B.

Defining the execution plan to meet the required scope of work.

C.

Setting out the resource to be used and its limitations.

D.

Drawing the logic diagram.

Question 2

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?

Options:

A.

42.

B.

36.

C.

40.

D.

37.

Question 3

Due to a testing delay, release of the product for manufacture is delayed by 5 workdays and the product manual misses its print window at the printer. If the printer is delayed by 10 workdays, what is the delay to produce release?

Options:

A.

15 days.

B.

0 days.

C.

5 days.

D.

10 days.

Question 4

Is activity 7001 pictured correctly in the precedence diagram?

Question # 4

Options:

A.

No, the total float is not shown correctly.

B.

Yes, except the early finish date is not shown.

C.

No, the start-to-start and finish-to-finish relationships are backwards.

D.

Yes, the duration is 48 days.

Question 5

During proofing of the product manual, a problem was discovered requiring 15 days additional time to affect a correction. How can the date of availability be maintained?

Options:

A.

Expedite Draft Product Manual by 5 days

B.

Delay Release for Manufacture by 5 days

C.

Delay Manufacture Product by 5 days

D.

Expedite Package Product by 5 days

Question 6

What is the workweek period for this project?

Question # 6

Options:

A.

Monday through Friday

B.

Sunday through Friday

C.

Monday through Saturday

D.

Sunday through Saturday

Question 7

Which of the following is NOT true?

Options:

A.

Remaining durations can exceed original durations.

B.

Constraints can interfere with the longest path calculation.

C.

Multiple calendars can affect the total float calculation.

D.

A network must contain only one Critical Path.

Question 8

Using the crashed schedule, if you start Activity 2002 on 12 August 2021. what is the finish date for Activity 2002?

Options:

A.

19 Sep 2021

B.

08 Sep 2021

C.

09 Sep 2021

D.

27 Aug 2021

Question 9

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

Options:

A.

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

B.

Frequently defined as the shortest path through the schedule.

C.

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

D.

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

Question 10

Using the normal schedule, what is the owner's total cost of the project?

Options:

A.

S13.990.600

B.

S12.990.000

C.

S13.102.900

D.

S12.953.600

Question 11

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

Question # 11

Options:

A.

$271,000

B.

$299,000

C.

$139,000

D.

$289,000

Question 12

What changes to logic would eliminate Activity B from the critical path?

Options:

A.

Replace the relationship from Activity B to Activity C with SSO

B.

Reduce the lag value of the relationship from Activity A to Activity B from 5 to 0

C.

Add a SS 15 relationship from Activity A to Activity B and replace the relationship from Activity A to Activity B with FFO

D.

Replace the relationship from Activity A to Activity B with FFO and add an FSO relationship from Activity A to Activity C

Question 13

The addition of which of the following relationships would cause a logic loop?

Options:

A.

O H - D

B.

O C - J

C.

O F-I

D.

O l-C

Question 14

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

Question # 14

Options:

A.

Predecessor is activity 5001, successor is activity 8001

B.

Predecessor is activity 4001, successor is activity 8001

C.

Predecessor is activity 9001, successor is activity 9002

D.

Predecessor is activity 5001, successor is activity 8002

Question 15

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

Question # 15

Options:

A.

These activities are concurrent with Activity 4001 starting 15 days after the start of Activity 3001.

B.

These activities are concurrent with Activity 4001 starting 15 days earlier than the start of Activity 3001.

C.

The activities occur in series with a 15-day lag.

D.

The activities run concurrently.

Question 16

How many workdays occur from the start of the Product Testing to the Product Available milestone?

Options:

A.

70

B.

100

C.

60

D.

90

Question 17

Who will receive the most benefit from a master schedule of the Spring Highway project?

Options:

A.

ALPHA

B.

GOUGE. Inc

C.

BILCO

D.

SDOT

Question 18

Management has determined the need to release the product 20 days earlier than planned. What tasks need to be expedited?

Question # 18

Options:

A.

Drafting and Proofing the Manual.

B.

Packaging only.

C.

Printing the Manual.

D.

Testing, Manufacturing and Packaging.

Question 19

Determine the correct formula and date for the late start for the Activity 11001:

Question # 19

Options:

A.

LF of 11001 less 27 days plus 1 day equaling 14 Jan 2024

B.

LF of 1000 less 25 days equaling 16 Jan 2024

C.

LF of 11001 less duration of 11001 equaling 16 Jan 2024

D.

LF of 11001 less 25 days plus 1 day equaling 16 Jan 2024

Question 20

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

Options:

A.

Finish-no-earlier constraint on the first activity

B.

Finish-no-earlier constraint on the last activity

C.

Finish-no-later constraint on the last activity

D.

Start-no-later constraint on the first activity

Question 21

Estimate to complete (ETC) is __________________.

Options:

A.

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

B.

The costs actually incurred in accomplishing the work performed

C.

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

D.

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

Question 22

Which of the following is NOT a tool or technique used to perform scope planning?

Options:

A.

Benefit cost analysis.

B.

Schedule performance indexing.

C.

Expert Judgment.

D.

Alternatives identification.

Question 23

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

Options:

A.

ADM is limited to finish-to-start logic relationships, while PDM is not.

B.

PDM is a bar chart with network logic, while ADM is a pure logic network.

C.

ADM is manual CPM calculations, while PDM is computerized.

D.

ADM uses arrows, while PDM uses boxes.

Question 24

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?

Options:

A.

0 calendar days.

B.

-14 calendar days.

C.

-20 calendar days.

D.

10 calendar days.

Question 25

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

Options:

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.

Divide activities into smaller activities. This will increase activity detail and duration estimate accuracy.

D.

Use the people responsible for performing the work as a resource to assign activity durations.

Question 26

Considering the information provided for the project, what is the factor that most influences the successful crashing of the schedule?

Options:

A.

Avoiding a late delivery penalty from the owner

B.

Maximizing the $500,000 bonus

C.

Avoiding the 2023-2024 winter/wet weather season

D.

Minimizing the indirect expenditure chargeable to the contractor

Question 27

Which of the following parties is NOT a stakeholder of the Spring Highway project?

Options:

A.

ALPHA

B.

GOUGE

C.

BILCO

D.

DEVCO

Question 28

How much Total Float does drafting the product manual have?

Question # 28

Options:

A.

15 workdays.

B.

0 workdays.

C.

10 workdays.

D.

5 workdays.

Question 29

Assumptions made during the planning stage should be_____________.

Options:

A.

a risk that is shifted to the implemented in the field

B.

replaced with facts as soon as they are known

C.

solely based on a solid experiential database

D.

clearly stated as such in an internal memo

Question 30

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?

Options:

A.

The schedule has too much detail to reflect an accurate critical path.

B.

Different calendars are assigned to certain activities in the logical chain.

C.

The schedule is projecting an "early completion".

D.

Certain activities in the critical path have no successors.

Question 31

Using the normal schedule, what is the early finish date and total float of Activity 10002?

Options:

A.

24 Nov 2023. and 24 days of tree float

B.

24 Dec 2023. and 24 days of tree float

C.

17 Dec 2023. and 4 days of total float

D.

21 Dec 2023. and 4 days of total float

Question 32

What is the result of a forward pass calculation?

Options:

A.

Value of total float for individual activities

B.

Early start and early finish date for individual activities

C.

Value of free float for individual activities

D.

Critical path

Question 33

A good change management plan___________.

Options:

A.

is provided to stakeholders after it is created

B.

is detailed during the planning phase

C.

tracks minor decisions

D.

involves only the project controls team

Question 34

Assuming that you had only one crane capable of 30 lifts per day, 3 column pours requiring 28 lifts each, plus associated assorted work requiring an additional 150 lifts, what is the minimum planned working duration for this work?

Question # 34

Options:

A.

8 work days

B.

18 work days

C.

7 work days

D.

15 workdays

Question 35

Select the most appropriate explanation for use of a winter/wet weather seasonal calendar for use in this project?

Options:

A.

to highlight a time when there are more holidays and work therefore will be slower and there will be more absenteeism

B.

to denote a time during which work may not progress as fast as planned and cost and risk may be elevated

C.

to provide a key to co-a weather for safety meetings

D.

to show a difference in the calendar year

Question 36

What is the actual duration as of the status date or data date of Activity B?

Question # 36

Options:

A.

7.

B.

3.

C.

0.

D.

4.

Question 37

What is the relationship depicted between Activity G and Activity H?

Question # 37

Options:

A.

You cannot tell with the supplied information.

B.

Start-to-start.

C.

Finish-to-start.

D.

Finish-to-finish.

Question 38

Determine the correct formula and date for the late finish for Activity 9004.

Question # 38

Options:

A.

LS.10002 + 1 day -> 11-29-03.

B.

LS.10002^ Lag.7 + i day -> 11-20-03.

C.

LS.10002 - 1 day -> 11-27-03.

D.

LS.10002 - Lag.7 - l day -> 11-20-03.

Question 39

Resource planning must take all of the following into account except for:

Options:

A.

Types of materials, equipment and labor skills required to complete the project.

B.

Earned value techniques established for the project.

C.

Time available to complete the project.

D.

Cash flow (expenditure) limitations for completing work on the project.

Question 40

What day would Activity C complete if the duration of Activity A was reduced by five days?

Options:

A.

35

B.

30

C.

45

D.

40

Question 41

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

Options:

A.

C.

B.

B.

C.

S.

D.

W.

Question 42

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

Options:

A.

Non-excusable delay

B.

Compensable delay

C.

Non-compensable delay

D.

Excusable delay

Question 43

How could the structural steel drawing delay have been prevented?

Options:

A.

Add a time buffer at the end of structural steel activities.

B.

Allow adequate time for review and resubmittal in the baseline schedule.

C.

Release the structural steel for fabrication concurrent with review of structural steel shop drawings.

D.

Switch to post-tensioned concrete construction.

Question 44

SUBCO is a potential concrete bridge contractor based in a metropolitan area 300 miles away from your project. They have offered to supply manpower and equipment t BILCO at a per diem rate of $3,000 above their direct labor and equipment rates. In doing a cost benefit analysis, which of the following is NOT a consideration?

Options:

A.

SUBCO direct labor and equipment rates

B.

BILCO liquidated damages in the SDOT contract

C.

Pending negotiations with GOUGE.

D.

The distance of SUBCO to your project

Question 45

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?

Options:

A.

8 days

B.

6 days

C.

4 days

D.

5 days

Question 46

In a "crashed" schedule, which is a chain of activities that precede activity 2004?

Question # 46

Options:

A.

1001, 2001, 2002, 2003

B.

2001, 2002, 2003, 2007

C.

1001, 2002, 2003

D.

1001, 2002, 2002, 2003, 3001

Question 47

If a new hammock activity covering activities 6001 through 6003 is developed, what are governing predecessor and successor activities?

Options:

A.

Predecessor is Activity 4001. successor is Activity 9004

B.

Predecessor is Activity 8001, successor is Activity 5001

C.

Predecessor is Activity 5001, successor is Activity 8001

D.

Predecessor is Activity 4001, successor is Activity 9003

Question 48

In an earned value-based system, a schedule performance index of less than one for the project indicates the project is:

Options:

A.

ahead of schedule

B.

on schedule

C.

complete

D.

behind schedule

Page: 1 / 16
Total 163 questions