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PSP Exam Dumps - AACE International Professional Level Certifications Questions and Answers

Question # 4

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?

Options:

A.

$420,000.

B.

$307,000.

C.

$524,000.

D.

$552,000.

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Question # 5

The Baseline Plan does NOT reflect which of the following:

Options:

A.

scope of worn and work plans

B.

stakeholders deliverables

C.

approved budget

D.

schedule milestones

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Question # 6

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

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Question # 7

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.

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Question # 8

What activities are concurrent to Activity 2001 in the "normal" schedule?

Options:

A.

7001.

B.

1001.

C.

1000.

D.

2003.

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Question # 9

Should you verify the as-built schedule before proceeding with a schedule analysis?

Options:

A.

Yes, every dale needs to be verified but to not waste client money it should be restricted to just a few dates

B.

Yes. the accuracy of the analysis depends on the accuracy of the dates

C.

No. the contractor/owner dates should be reliable

D.

No the analysis should use the dates provided

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Question # 10

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?

Options:

A.

The Eichleay formula

B.

Historical production rates

C.

Time impact analysis

D.

Black-Scholes model

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Question # 11

How many work days does it take to move the product from testing to sale?

Options:

A.

60.

B.

70.

C.

100.

D.

90.

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Question # 12

Which of the following will NOT affect the total float calculation of a non-resource leveled schedule?

Options:

A.

Multiple calendars.

B.

Start and finish constraints.

C.

Preferential logic.

D.

Front end loading.

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Question # 13

Determine the correct formula and date for the late start for Activity 9001.

Options:

A.

The early finish is required in order to determine the answer.

B.

LS.6001 Dur.6001 -> 11-20-02.

C.

There is insufficient data provided to calculate the answer.

D.

LF.9001 Dur.9001 -> 11-20-02.

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Exam Code: PSP
Exam Name: Planning & Scheduling Professional (PSP) Exam
Last Update: Nov 1, 2025
Questions: 216
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