AACE-PSP

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...

Free float is theA . 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...

Which of the following documents is most likely to be of the LEAST value to a planner/scheduler when planning a contractor's baseline critical path schedule for the construction of a large high-clearance bridge located very near an airport? The contractor has been awarded the contract.A . The project plans and...

Which of the following types of delay will NOT result in a time extension and additional compensation for a contractor?A . Non-excusable delayB . Compensable delayC . Non-compensable delayD . Excusable delayView AnswerAnswer: A

If someone wanted to constrain a project's end date so that any project slippage would cause negative float, they would do so by usingA . Finish-no-earlier constraint on the first activityB . Finish-no-earlier constraint on the last activityC . Finish-no-later constraint on the last activityD . Start-no-later constraint on the...

What method offers the best chance of the schedule being used effectively to implement the project in the field?A . Issue detailed schedule updates as frequently as possible.B . Obtain consent and agreement to the schedule from the key project personnel.C . Include detailed and stringent set of scheduling specifications...

Which of the following are NOT considerations or constraints of the planning process for construction scheduling?A . Consideration of all stakeholders.B . Value engineering.C . Project variables.D . Interest rate of owner's construction bonds.View AnswerAnswer: D

Activity durations are normally estimated in an intuitive and subjective way. All of the following will improve duration accuracy EXCEPTA . 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 ....

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.View AnswerAnswer: D

Assuming conventional finish-to-start relationships, to calculate a schedule retaining the existing logic means thatA . 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.View AnswerAnswer: B