This page was exported from Best Free Exam Guide [ http://free.exams4sures.com ] Export date:Sat Mar 15 6:45:23 2025 / +0000 GMT ___________________________________________________ Title: Ultimate Guide to the AACE-PSP - Latest May 10, 2022 Edition Available Now [Q15-Q39] --------------------------------------------------- Ultimate Guide to the AACE-PSP - Latest May 10, 2022 Edition Available Now 2022 Updated Verified Pass AACE-PSP Exam - Real Questions and Answers The benefit of obtaining the Planning & Scheduling Professional (PSP) Exam Certification Certifications offered by the Association for the Advancement of Cost Engineering (AACE) have been a mark of distinction for more than thirty years, and more and more employers are requiring these certifications as a prerequisite for jobs. PSP is one of AACE's commonly recognized qualifications that cover subjects related to the preparation and scheduling of projects. Obtaining an AACE qualification also leads to greater peer acceptance and increases job and income prospects. While a licensed professional engineer is usually considered “certified” in any field in which he or she works (imposing self-discipline to not “practice outside one's areas of expertise”), for both licensed engineers and unlicensed technicians, the national mood is to require certification in specialty disciplines. A welcome response to the increased power of our software tools in education and training in theory as well as practice and qualification regulated by our professional societies, such as AACE (with the PSP exam noted above and PMI (with the PMI-SP exam).   NO.15 Identify the late finish to develop plans and specs.  9 months.  10 months.  8 months.  7 months. NO.16 Total float is defined as the amount of time an activity can be delayed without impacting  The overall project completion  The buoyancy of a successor activity  The next activity  The end of that activity NO.17 Using the “normal” schedule, given Activity 3001 and the relationship with Activity 4001, what is indicated?  These activities are concurrent with Activity 4001 starting 15 days after the start of Activity 3001.  These activities are concurrent with Activity 4001 starting 15 days earlier than the start of Activity 3001.  The activities occur in series with a 15-day lag.  The activities run concurrently. NO.18 Determine the correct formula and date for the late finish for Activity 2001.  LF.2001 – 1 day -> 08-28-01.  LS.2002- 1 day-> 08-29-01.  LS.2002 + 1 day -> 08-30-01.  LS.2002 – 1 day -> 08-28-01. NO.19 Determine the driving activity for Activity 10001.  Activity 11001.  Activity 10002.  Activity 9005.  There is no driving activity for Activity 10001 in the backward pass. NO.20 The amount of time that an activity can be delayed from its early start date without delaying project completion is called  Negative float.  Free float.  Total float.  Interfering float. 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?  The Eichleay formula  Historical production rates  Time impact analysis  Black-Scholes model NO.22 Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:  Predecessor is activity 5001, successor is activity 8001  Predecessor is activity 4001, successor is activity 8001  Predecessor is activity 9001, successor is activity 9002  Predecessor is activity 5001, successor is activity 8002 NO.23 All the following describe the critical path of a schedule EXCEPT:  Determined by network logic and is the chain of activities that controls the overall project completion time.  Frequently defined as the shortest path through the schedule.  Changed by redefining the network logic or changing activity durations or both.  The series of activities having the least amount of total float. NO.24 Which of the following is NOT a tool or technique used to perform scope planning?  Benefit cost analysis.  Schedule performance indexing.  Expert Judgment.  Alternatives identification. NO.25 Which of the following is NOT required when performing weekly or monthly schedule updates?  Percent complete.  Remaining duration of activities.  Actual finish of activities.  Original duration of activities. 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?  8 work days  18 work days  7 work days  15 workdays NO.27 Which of the following are NOT considerations or constraints of the planning process for construction scheduling?  Consideration of all stakeholders.  Value engineering.  Project variables.  Interest rate of owner’s construction bonds. NO.28 Which of the following phases does NOT describe the commonly accepted construction life cycle?  Claims and disputes phase.  Installation phase.  Planning and design phase.  Turnover and start-up phase. NO.29 Project delays are best analyzed  After either the contractor or the owner acknowledges ^responsibility for the delay.  Contemporaneously with the delay.  By an expert after the project is finished when complete records are available and the impact is known.  Late in the project. NO.30 In its simplest form, what is the main drawback of critical path method scheduling?  It requires a backward pass to calculate late dates.  It assumes that resources are unlimited.  It doesn’t account for interdependent between activities.  It allows for Precedence Diagramming Method to be used in place of Arrow Diagramming Method. NO.31 What does the heavy, vertical line at “X” represent?  Delay fault line.  The status or data date.  Change-over limits.  International Date Line. NO.32 Constraints control events or activities that __________________.  Affect only the forward pass.  Are not based on project relationships.  Affect only the backward pass.  May be over-ridden by activity logic. NO.33 The expected remaining cost needed to complete an activity, group of activities or the project is the____________.  Budget at completion (BAC)  Budgeted cost of work performed (BCWP)  Estimate to complete (ETC)  Estimate at completion (EAC) 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 TableScope 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?  $420,000.  $307,000.  $524,000.  $552,000. NO.35 What is the cycle time?  5 minutes  17 minutes  14 minutes  6 minutes NO.36 Activity C is a  Contentious activity.  Continuous activity.  1-day activity.  Milestone. NO.37 Which of the following is NOT input data to the construction planning process?  Input from the owner  The contract  Bonding capacity of subcontractors  Input from the contractor NO.38 What is the relationship depicted between Activity G and Activity H?  You cannot tell with the supplied information.  Start-to-start.  Finish-to-start.  Finish-to-finish. NO.39 For which of these delays should an owner grant a time extension?  Structural steel shop drawings.  Shop drawings and centrifuge delay.  Differing site conditions at parking structure.  Differing site conditions and centrifuge delay.  Loading … Dumps Moneyack Guarantee - AACE-PSP Dumps Approved Dumps: https://www.exams4sures.com/AACE-International/AACE-PSP-practice-exam-dumps.html --------------------------------------------------- Images: https://free.exams4sures.com/wp-content/plugins/watu/loading.gif https://free.exams4sures.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2022-05-10 14:41:08 Post date GMT: 2022-05-10 14:41:08 Post modified date: 2022-05-10 14:41:08 Post modified date GMT: 2022-05-10 14:41:08