Ultimate Guide to the AACE-PSP – Latest May 10, 2022 Edition Available Now [Q15-Q39]

NO.15 Identify the late finish to develop plans and specs.

NO.16 Total float is defined as the amount of time an activity can be delayed without impacting

NO.17 Using the “normal” schedule, given Activity 3001 and the relationship with Activity 4001, what is indicated?

NO.18 Determine the correct formula and date for the late finish for Activity 2001.

NO.19 Determine the driving activity for Activity 10001.

NO.20 The amount of time that an activity can be delayed from its early start date without delaying project completion is called

NO.21 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?

NO.22 Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:

NO.23 All the following describe the critical path of a schedule EXCEPT:

NO.24 Which of the following is NOT a tool or technique used to perform scope planning?

NO.25 Which of the following is NOT required when performing weekly or monthly schedule updates?

NO.26 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?

NO.27 Which of the following are NOT considerations or constraints of the planning process for construction scheduling?

NO.28 Which of the following phases does NOT describe the commonly accepted construction life cycle?

NO.29 Project delays are best analyzed

NO.30 In its simplest form, what is the main drawback of critical path method scheduling?

NO.31 What does the heavy, vertical line at “X” represent?

NO.32 Constraints control events or activities that __________________.

NO.33 The expected remaining cost needed to complete an activity, group of activities or the project is the____________.

NO.34 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?

NO.35 What is the cycle time?

NO.36 Activity C is a

NO.37 Which of the following is NOT input data to the construction planning process?

NO.38 What is the relationship depicted between Activity G and Activity H?

NO.39 For which of these delays should an owner grant a time extension?