AACE AACE-PSP Planning & Scheduling Professional (PSP) Exam Online Training
AACE AACE-PSP Online Training
The questions for AACE-PSP were last updated at Feb 13,2025.
- Exam Code: AACE-PSP
- Exam Name: Planning & Scheduling Professional (PSP) Exam
- Certification Provider: AACE
- Latest update: Feb 13,2025
Time-scaled logic diagrams are
- A . Only calculated using a computer.
- B . The same as a pure-logic diagram.
- C . Used to calculate the most probable activity duration.
- D . Logic networks that are drawn to match the calendar.
Activity durations are normally estimated in an intuitive and subjective way. All of the following will improve duration accuracy EXCEPT
- 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.
You are developing a detailed critical path schedule for a proposed petrochemical plant. The schedule will become a part of the project baseline document, which will be sent to the company’s board of directors for its consideration.
What document or resource is likely to be MOST valuable in determining the schedule’s work activity durations?
- A . Industry publications.
- B . Critical path schedules prepared by you for similar completed projects.
- C . The Petrochemical Industry New Plant Task Duration Handbook.
- D . The cost estimate for the plant prepared by your firm’s estimating department.
Free float is the
- A . Difference between the early dates and late dates of an activity.
- B . Amount of time the early start of an activity can be delayed without impacting the early start of the successor activity.
- C . Difference between the early finish dates and late finish dates of an activity.
- D . Difference In float value of the critical path activities and the float value of the specific activity being analyzed.
What is a key first step in developing a critical path method schedule?
- 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.
Assuming conventional finish-to-start relationships, to calculate a schedule retaining the existing logic means that
- A . It is calculated using the original logic.
- B . It is calculated using logic reflecting out-of-sequence progress.
- C . An out-of-sequence activity cannot resume until all predecessors are finished.
- D . There is no such thing.
A driving relationship is _____________________.
- A . A critical relationship.
- B . A finish-to-start relationship.
- C . The link between two related activities.
- D . The link between a predecessor and the activity whose dates it controls.
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
- 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
An early start constraint dictates
- A . An activity’s remaining duration.
- B . The planned start of a successor activity
- C . The planned start of an activity.
- D . The actual start of an activity.
Constraints control events or activities that __________________.
- A . Affect only the forward pass.
- B . Are not based on project relationships.
- C . Affect only the backward pass.
- D . May be over-ridden by activity logic.
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