Pass Your AACE International AACE-PSP Exam with Correct 120 Questions and Answers
Latest [Dec 15, 2024] 2024 Realistic Verified AACE-PSP Dumps
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 # 26
As a change to the network for the current update, activity 6002 is required to begin ten days after the beginning of activity 6001. Which is the simplest logic organization?
- A. A finish-to-start relationship with a ten-day lag assigned to activity 6002; activity 6001 will be dependent on activity 6002
- B. A start-to-start to relationship for both activities 6001 and 6002 with a ten-day lag assigned to activity
6002. - C. A start-to-start relationship with a ten-day lag assigned to activity 6001; activity 6002 will be dependent on activity 6001
- D. A start-to-finish relationship with both activities 6001 and 6002 having a ten-day lag
Answer: A
NEW QUESTION # 27
For the late finish for Activity 11001, select the most appropriate response for transitioning from the forward pass.
- A. EF.11001.
- B. 02-19-04.
- C. LS.11001 + 25 days.
- D. EF.11001 + 1 day.
Answer: B
NEW QUESTION # 28
At the end of month one, did the delay to the parking structure foundation delay the project?
- A. Yes, by 9 calendar days.
- B. Yes, by 4 calendar days.
- C. NO.
- D. Yes, by 14 calendar days.
Answer: B
NEW QUESTION # 29
Activity C is a
- A. 1-day activity.
- B. Contentious activity.
- C. Continuous activity.
- D. Milestone.
Answer: D
NEW QUESTION # 30
What method offers the best chance of the schedule being used effectively to implement the project in the field?
- A. Obtain consent and agreement to the schedule from the key project personnel.
- B. Include detailed and stringent set of scheduling specifications in the contract.
- C. Issue detailed schedule updates as frequently as possible.
- D. Allow large time contingencies on milestones and completion deadlines.
Answer: A
NEW QUESTION # 31
Determine the correct formula and date for the late finish for Activity 2001.
- A. LF.2001 - 1 day -> 08-28-01.
- B. LS.2002 - 1 day -> 08-28-01.
- C. LS.2002 + 1 day -> 08-30-01.
- D. LS.2002- 1 day-> 08-29-01.
Answer: B
NEW QUESTION # 32
If the administrative constraints for developing the precedence diagram, as provided in the contract documents, indicate that no individual construction activities shall have a longer duration of two months, how many activities in the "normal" schedule would be affected?
- A. 14.
- B. 12.
- C. 13.
- D. Cannot be determined.
Answer: B
NEW QUESTION # 33
What is a key first step in developing a critical path method schedule?
- A. Setting out the resource to be used and its limitations.
- B. Drawing a bar chart of the key phrases of the work.
- C. Defining the execution plan to meet the required scope of work.
- D. Drawing the logic diagram.
Answer: D
NEW QUESTION # 34
Time-scaled logic diagrams are
- A. Only calculated using a computer.
- B. Logic networks that are drawn to match the calendar.
- C. Used to calculate the most probable activity duration.
- D. The same as a pure-logic diagram.
Answer: B
NEW QUESTION # 35
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?
- A. 40.
- B. 42.
- C. 36.
- D. 37.
Answer: C
NEW QUESTION # 36
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. $420,000.
- B. $307,000.
- C. $524,000.
- D. $552,000.
Answer: D
NEW QUESTION # 37
Based on the stated costs, what percentage of the total cost comes from the 2000 series of activities?
- A. 8.6% (1 : 11.591)
- B. 3.9% (1 : 25.708)
- C. 2.3% (1 : 43.501).
- D. 9.1% (1 : 11.000).
Answer: C
NEW QUESTION # 38
Using the "crashed" schedule, if you start Activity 2002 on August 12, 2001, what is the finish date for Activity 2002?
- A. 09-15-01.
- B. 09-28-01.
- C. 09-18-01.
- D. 09-08-01.
Answer: D
NEW QUESTION # 39
Identify the late finish to develop plans and specs.
- A. 9 months.
- B. 8 months.
- C. 7 months.
- D. 10 months.
Answer: A
NEW QUESTION # 40
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. 300 lifts
- B. 150 lifts
- C. 450 lifts
- D. 45 lifts
Answer: C
NEW QUESTION # 41
Determine the correct formula and date for the late start for the Activity 11001:
- A. LF.11001 - 27 days + 1 day -> 01-14- 04.
- B. LF.11001 - Dur.11001 -> 01-16-04.
- C. LF.1001 + DUR.10001 -> 01-14-04.
- D. LF.10001 + 1 day -> 01-16-04.
Answer: D
NEW QUESTION # 42
Determine the correct formula and date for the late start for Activity 9001.
- A. LF.9001 Dur.9001 -> 11-20-02.
- B. LS.6001 Dur.6001 -> 11-20-02.
- C. There is insufficient data provided to calculate the answer.
- D. The early finish is required in order to determine the answer.
Answer: A
NEW QUESTION # 43
Determine the driving activity for Activity 10001.
- A. Activity 9005.
- B. There is no driving activity for Activity 10001 in the backward pass.
- C. Activity 11001.
- D. Activity 10002.
Answer: D
NEW QUESTION # 44
In a "crashed" schedule, which is a chain of activities that precede activity 2004?
- A. 1001, 2001, 2002, 2003
- B. 1001, 2002, 2002, 2003, 3001
- C. 2001, 2002, 2003, 2007
- D. 1001, 2002, 2003
Answer: A
NEW QUESTION # 45
Theoretically construct a summary activity for activities 2001 through 2004. Using the "normal" schedule, what is the cost of the hammock?
- A. $299,000
- B. $139,000
- C. $271,000
- D. $289,000
Answer: D
NEW QUESTION # 46
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?
- A. 0 days.
- B. 15 days.
- C. 5 days.
- D. 10 days.
Answer: C
NEW QUESTION # 47
Which of the following is NOT a tool or technique used to perform scope planning?
- A. Expert Judgment.
- B. Alternatives identification.
- C. Benefit cost analysis.
- D. Schedule performance indexing.
Answer: D
NEW QUESTION # 48
Resource planning must take all of the following into account except for
- A. Cash flow (expenditure) limitations for completing work on the project.
- B. Earned value techniques established for the project.
- C. Types of materials, equipment and labor skills required to complete the project.
- D. Time available to complete the project.
Answer: B
NEW QUESTION # 49
These are the activities on the critical path:
- A. A, C, E, & H.
- B. A, B, G, & H.
- C. A, B, F, & J
- D. A, D, & I.
Answer: B
NEW QUESTION # 50
......
AACE International is a renowned professional organization that provides certifications and training for professionals in the field of project management, cost engineering, and scheduling. One of the most popular certifications offered by AACE International is the AACE-PSP (Planning & Scheduling Professional) Certification Exam. Planning & Scheduling Professional (PSP) Exam certification is designed to validate the skills and knowledge of individuals who are involved in project planning, scheduling, and control.
Get 2024 Updated Free AACE International AACE-PSP Exam Questions and Answer: https://certkingdom.practicedump.com/AACE-PSP-practice-dumps.html