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AACE International PSP Planning & Scheduling Professional (PSP) Exam Exam Practice Test

Page: 1 / 22
Total 216 questions

Planning & Scheduling Professional (PSP) Exam Questions and Answers

Question 1

Budgeted cost of work scheduled is _______________________.

Options:

A.

The value of the completed work expressed in terms of the budget assigned to that work

B.

The total authorized budget for accomplishing the project scope

C.

The expected total cost of an activity, group of activities or the project

D.

The sum of all budgets for work scheduled to be accomplished within a given time period

Question 2

Select the most appropriate explanation for use of a winter/wet weather seasonal calendar for use in this project?

Options:

A.

to highlight a time when there are more holidays and work therefore will be slower and there will be more absenteeism

B.

to denote a time during which work may not progress as fast as planned and cost and risk may be elevated

C.

to provide a key to co-a weather for safety meetings

D.

to show a difference in the calendar year

Question 3

How much Total Float does drafting the product manual have?

Question # 3

Options:

A.

15 workdays.

B.

0 workdays.

C.

10 workdays.

D.

5 workdays.

Question 4

Which of the following types of delay will NOT result in a time extension and additional compensation for a contractor?

Options:

A.

Non-excusable delay

B.

Compensable delay

C.

Non-compensable delay

D.

Excusable delay

Question 5

Determine the driving activity for Activity 10001.

Question # 5

Options:

A.

Activity 11001.

B.

Activity 10002.

C.

Activity 9005.

D.

There is no driving activity for Activity 10001 in the backward pass.

Question 6

When a fragnet of activities represents a known schedule risk, which activity will most likely change the overall outcome?

Options:

A.

The activity with the highest sensitivity.

B.

The activity with the longest duration.

C.

The activity with the lowest total float value.

D.

The activity with the highest resource loading.

Question 7

What is the remaining work duration of Active D?

Question # 7

Options:

A.

4.

B.

11

C.

8.

D.

3.

Question 8

What changes to logic would eliminate Activity B from the critical path?

Options:

A.

Replace the relationship from Activity B to Activity C with SSO

B.

Reduce the lag value of the relationship from Activity A to Activity B from 5 to 0

C.

Add a SS 15 relationship from Activity A to Activity B and replace the relationship from Activity A to Activity B with FFO

D.

Replace the relationship from Activity A to Activity B with FFO and add an FSO relationship from Activity A to Activity C

Question 9

Determine the correct formula and date for the late finish for Activity 2002.

Options:

A.

LS of 2003 less 1 day equaling to 06 Oct 2021

B.

LS of 2003 less 1 day equaling to 06 Nov 2021

C.

LS of 2003 plus 1 day equaling to 07 Oct 2021

D.

LS of 2003 less 1 day equaling to 05 Oct 2021

Question 10

Determine the correct formula and date for the late finish for Activity 2002.

Question # 10

Options:

A.

LS.2003 - 1 day -> 11.06.01.

B.

LS.2003 - 1 day -> 10-06-01.

C.

LS.2003 + 1 day -> 10-07-01.

D.

LS.2003 - 1 day -> 10-05-01.

Question 11

SUBCO is a potential concrete bridge contractor based in a metropolitan area 300 miles away from your project. They have offered to supply manpower and equipment t BILCO at a per diem rate of $3,000 above their direct labor and equipment rates. In doing a cost benefit analysis, which of the following is NOT a consideration?

Options:

A.

SUBCO direct labor and equipment rates

B.

BILCO liquidated damages in the SDOT contract

C.

Pending negotiations with GOUGE.

D.

The distance of SUBCO to your project

Question 12

If a contractor has robust planning and scheduling processes, should those company processes supersede client contract specifications?

Options:

A.

Proceed with company processes even if they conflict with the client

B.

The client contract specifications always have priority

C.

Review any differences and negotiate workable specifications

D.

Suggest that the client issue a change order, accepting the contractor's processes

Question 13

At the end of month one, did the delay to the parking structure foundation delay the project?

Options:

A.

NO.

B.

Yes, by 4 calendar days.

C.

Yes, by 14 calendar days.

D.

Yes, by 9 calendar days.

Question 14

When are KPIs defined?

Options:

A.

At project initiation

B.

At NTP

C.

At the start of the Construction Phase

D.

After the Bidding Phase

Question 15

STION NO: 146

Using the normal schedule and excluding general conditions, which activities are NOT on the critical path?

Options:

A.

6001, 8001, 9001. 9002, 9004. 9005

B.

7001, 8001, 9001. 9003. 9004. 10002

C.

5001,7001.8001,9001,9004,9005

D.

2003,8001.9001.9002,9005,10001

Question 16

The addition of which of the following relationships would cause a logic loop?

Options:

A.

O H - D

B.

O C - J

C.

O F-I

D.

O l-C

Question 17

What is the free float for Activity F?

Question # 17

Options:

A.

3 months.

B.

0months.

C.

1months.

D.

2month.

Question 18

Which of the following procedures is generally recognized as acceptable when updating a schedule?

Options:

A.

Report an actual date when the activity is on a non-work calendar for that date

B.

Change a previously reported actual date

C.

Change the WBS assignment for an activity

D.

Change a calculated date in the future

Question 19

Determine the correct formula and date for the late start for Activity 9001.

Question # 19

Options:

A.

The early finish is required in order to determine the answer.

B.

LS.6001 Dur.6001 -> 11-20-02.

C.

There is insufficient data provided to calculate the answer.

D.

LF.9001 Dur.9001 -> 11-20-02.

Question 20

The Cost Estimate is NOT developed to:

Options:

A.

quantify cost, and price the resources required by the Scope of Work

B.

predict uncertain future costs

C.

providing the basis for budgets

D.

determine the project performance goals

Question 21

What is a critical path method schedule?

Options:

A.

List of work to be accomplished by responsible party and when it is to be accomplished

B.

The timeline of the riskiest work

C.

A graphical means of showing the important work

D.

A network diagram of logically interconnected activities

Question 22

NO: 98

The activity with the most total float is:

Question # 22

Options:

A.

Activity I.

B.

Activity C.

C.

Activity F.

D.

Activity D.

Question 23

In order for a claimant to be entitled to an extension of contract time for a delay event (and further to be considered compensable):

Options:

A.

The delay must affect the critical path.

B.

The delay must be concurrent with the delay attributable to both parties.

C.

The delay must not cause monetary harm to the defendant.

D.

The delay must affect the contractor's planned construction schedule.

Question 24

Project delays are best analyzed

Options:

A.

After either the contractor or the owner acknowledges ^responsibility for the delay.

B.

Contemporaneously with the delay.

C.

By an expert after the project is finished when complete records are available and the impact is known.

D.

Late in the project.

Question 25

How could the structural steel drawing delay have been prevented?

Options:

A.

Add a time buffer at the end of structural steel activities.

B.

Allow adequate time for review and resubmittal in the baseline schedule.

C.

Release the structural steel for fabrication concurrent with review of structural steel shop drawings.

D.

Switch to post-tensioned concrete construction.

Question 26

Using a 1.75 cubic yard [1.34 cubic meter] bucket, how many lifts does it take to pour each 2.000-cubic foot [56.64 cubic meter] column?

Options:

A.

30 lifts

B.

133 lifts

C.

42 lifts

D.

60 lifts

Question 27

What is accurate about Activity 7001 in the precedence diagram?

Options:

A.

The successor FF lag from 7001 to 11001 is not shown

B.

The LF is correct

C.

The TF is not calculated correctly

D.

The LF is not correct

Question 28

What was the original planned duration for Activity A through Activity G?

Question # 28

Options:

A.

26.

B.

28.

C.

24.

D.

25.

Question 29

Why does activity 1001 have two successor activities?

Question # 29

Options:

A.

Because the late finish of 1001 and the late start of 7001 require two successors

B.

Because the problem could not effectively work with only one successor

C.

Because there are two defined logic paths for the work

D.

Because the duration of activities 2001, 2002 and 200.f require two successors

Question 30

For activity 11001. why would the crashed direct cost be greater than the direct cost of the normal schedule?

Options:

A.

Additional extended overhead is also being shown in this activity

B.

Some costs resulting from the crashed efforts were forgotten in previous activities

C.

Generally, more equipment is used for a crashed project; therefore, it costs more to demobilize

D.

Management bonuses for early completion were included in this activity

Question 31

A good change management plan___________.

Options:

A.

is provided to stakeholders after it is created

B.

is detailed during the planning phase

C.

tracks minor decisions

D.

involves only the project controls team

Question 32

Which of the following options is NOT a feasible method to reduce the overall completion time of the toll road program?

Options:

A.

Subcontract outside forces to accelerate the Phase A Schedule

B.

Allocating forces from other BILCO contracts to the toll road project

C.

Proceeding with the work in advance of the environmental studies

D.

Reduce the phasing from 5 phases to 3 phases

Question 33

The Work Breakdown Structure (WBS) is established to reflect the:

Options:

A.

lowest level of the project estimate

B.

lowest level reporting back to the program WBS

C.

lowest level of effort scope

D.

lowest level where the work is managed

Question 34

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?

Question # 34

Options:

A.

450 lifts

B.

300 lifts

C.

45 lifts

D.

150 lifts

Question 35

Baseline schedule can be submitted only__________.

Options:

A.

at the beginning or the construction

B.

once the project gets impacted try change

C.

once the design for the construction gets approved

D.

once the safety quality and insurance requirements are met

Question 36

Using the crashed schedule, if you start Activity 2002 on 12 August 2021. what is the finish date for Activity 2002?

Options:

A.

19 Sep 2021

B.

08 Sep 2021

C.

09 Sep 2021

D.

27 Aug 2021

Question 37

What is the primary difference between the arrow diagramming method (ADM) and the precedence diagramming method (PDM)?

Options:

A.

ADM is limited to finish-to-start logic relationships, while PDM is not.

B.

PDM is a bar chart with network logic, while ADM is a pure logic network.

C.

ADM is manual CPM calculations, while PDM is computerized.

D.

ADM uses arrows, while PDM uses boxes.

Question 38

Using the "normal" schedule, theoretically construct a hammock for activities 2001 through 2004. What is the duration of the hammock?

Question # 38

Options:

A.

91 days

B.

183 days

C.

145 days

D.

53 days

Question 39

Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:

Question # 39

Options:

A.

Predecessor is activity 5001, successor is activity 8001

B.

Predecessor is activity 4001, successor is activity 8001

C.

Predecessor is activity 9001, successor is activity 9002

D.

Predecessor is activity 5001, successor is activity 8002

Question 40

Of the following update procedures, which is the least important in achieving an accurate forecast for completion of a construction schedule?

Options:

A.

Estimating remaining durations of activities.

B.

The correct recording of actual start dates.

C.

Making "downstream" logic revisions as required.

D.

Entering the time impacts of delays and change orders.

Question 41

Schedule forecasts are periodically conducted to project the project schedule performance at completion Which of the following situations would probably result in an incorrect forecast?

Options:

A.

The cost variance

B.

The profit or loss for the project

C.

The variance at completion

D.

The schedule variance

Question 42

Which of the following will always describe the critical path? The path with

Options:

A.

The longest duration through the network.

B.

Zero float.

C.

Negative float.

D.

The shortest duration and negative float.

Question 43

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?

Question # 43

Options:

A.

8 work days

B.

18 work days

C.

7 work days

D.

15 workdays

Question 44

Which of the following is NOT required when initially planning a project?

Options:

A.

Resource Identification and leveling.

B.

The duration of each task.

C.

A schedule that identifies tasks required on a project.

D.

Logical relationships between the tasks.

Question 45

Each of the following accurately describes total float in a schedule EXCEPT:

Options:

A.

The amount of time an activity can be delayed without delaying the overall project completion time.

B.

Can be positive or negative.

C.

The amount of time an activity can be delayed without delaying the start or occurrence of any other activity or event in the network.

D.

Computed for an activity by subtracting its early finish from its late finish, or its early start from its late start.

Question 46

The expected remaining cost needed to complete an activity, group of activities or the project is the____________.

Options:

A.

Budget at completion (BAC)

B.

Budgeted cost of work performed (BCWP)

C.

Estimate to complete (ETC)

D.

Estimate at completion (EAC)

Question 47

How many entities/subcontractors should a scheduled activity cover?

Options:

A.

More than one it the activity is in a single calendar period

B.

More than one it the subcontractors agree

C.

Only one

D.

More than one if the concurrent work cannot be split between subcontractors

Question 48

There is only enough room for a maximum of 4 cranes to be placed on-site. Assuming that a single crane can perform 35 lifts per day and that a column pour requires 60 lifts, what is the minimum number of tower cranes that should be used for the above described column pours?

Question # 48

Options:

A.

2 cranes

B.

1 crane

C.

4 cranes

D.

3 cranes

Question 49

In analyzing a logical chain of activities in a critical path method (CPM) schedule, what do differing total float values within that chain typically indicate?

Options:

A.

The schedule has too much detail to reflect an accurate critical path.

B.

Different calendars are assigned to certain activities in the logical chain.

C.

The schedule is projecting an "early completion".

D.

Certain activities in the critical path have no successors.

Question 50

What day would Activity C complete if the duration of Activity B was reduced to zero?

Options:

A.

50

B.

20

C.

30

D.

40

Question 51

The primary determination of schedule detail is:

Options:

A.

The frequency of update periods

B.

The contract specifications

C.

The staffing of planners and schedulers

D.

The number of subcontractors working on a work package

Question 52

What owner action could have mitigated the late completion of the project?

Options:

A.

Hire a more senior project manager.

B.

Self-perform more of the work.

C.

Use a procurement agent to monitor and expedite equipment deliveries.

D.

Prepare better structural steel drawings.

Question 53

By subtracting a measured unit productivity rate during an impacted period from the unit productivity rate during an unimpacted period, the resulting value represents:

Options:

A.

Acceleration.

B.

Production output.

C.

Productivity loss.

D.

Productivity efficiency.

Question 54

Using the normal schedule, theoretically construct a hammock for activities 6001-6003. What is the duration of the hammock?

Options:

A.

407 days

B.

255 days

C.

267 days

D.

477 days

Question 55

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.

Question # 55

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.

Question # 55

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?

Options:

A.

$420,000.

B.

$307,000.

C.

$524,000.

D.

$552,000.

Question 56

Using the normal schedule, what is the owner's total cost of the project?

Options:

A.

S13.990.600

B.

S12.990.000

C.

S13.102.900

D.

S12.953.600

Question 57

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?

Options:

A.

15 days.

B.

0 days.

C.

5 days.

D.

10 days.

Question 58

Assumptions made during the planning stage should be_____________.

Options:

A.

a risk that is shifted to the implemented in the field

B.

replaced with facts as soon as they are known

C.

solely based on a solid experiential database

D.

clearly stated as such in an internal memo

Question 59

Which of these letters, symbols or words best approximates the graphical shape of a project's cumulative BCWS?

Options:

A.

/

B.

Bell curve

C.

S

D.

_

Question 60

Total float is defined as the amount of time an activity can be delayed without impacting

Options:

A.

The overall project completion

B.

The buoyancy of a successor activity

C.

The next activity

D.

The end of that activity

Question 61

What does the heavy, vertical line at "X" represent?

Question # 61

Options:

A.

Delay fault line.

B.

The status or data date.

C.

Change-over limits.

D.

International Date Line.

Question 62

Under which circumstance should one perform resource-leveling calculations?

Options:

A.

When the contract contains a provision for float-banking.

B.

When you believe that known resource limitations may override schedule logic.

C.

Never, unless required by the contract.

D.

When the schedule is resource-loaded.

Question 63

Using the "normal" schedule, given Activity 3001 and the relationship with Activity 4001, what is indicated?

Question # 63

Options:

A.

These activities are concurrent with Activity 4001 starting 15 days after the start of Activity 3001.

B.

These activities are concurrent with Activity 4001 starting 15 days earlier than the start of Activity 3001.

C.

The activities occur in series with a 15-day lag.

D.

The activities run concurrently.

Question 64

All the following describe the critical path of a schedule EXCEPT:

Options:

A.

Determined by network logic and is the chain of activities that controls the overall project completion time.

B.

Frequently defined as the shortest path through the schedule.

C.

Changed by redefining the network logic or changing activity durations or both.

D.

The series of activities having the least amount of total float.

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Total 216 questions