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

Demo: 64 questions
Total 216 questions

Planning & Scheduling Professional (PSP) Exam Questions and Answers

Question 1

Who will receive the most benefit from a master schedule of the Spring Highway project?

Options:

A.

ALPHA

B.

GOUGE. Inc

C.

BILCO

D.

SDOT

Question 2

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 3

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 4

The amount of time that an activity can be delayed from its early start date without delaying project completion is called:

Options:

A.

Negative float.

B.

Free float.

C.

Total float.

D.

Interfering float.

Question 5

As a change to the network for the current update, activity 6002 is required to begin ten days after the beginning of activity 6001. Which is the simplest logic organization?

Options:

A.

A start-to-start relationship with a ten-day lag assigned to activity 6001; activity 6002 will be dependent on activity 6001

B.

A start-to-start to relationship for both activities 6001 and 6002 with a ten-day lag assigned to activity 6002.

C.

A start-to-finish relationship with both activities 6001 and 6002 having a ten-day lag

D.

A finish-to-start relationship with a ten-day lag assigned to activity 6002; activity 6001 will be dependent on activity 6002

Question 6

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 7

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 8

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?

Options:

A.

2 cranes

B.

1 crane

C.

4 cranes

D.

3 cranes

Question 9

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?

Options:

A.

The Eichleay formula

B.

Historical production rates

C.

Time impact analysis

D.

Black-Scholes model

Question 10

Background

Your name is Evan Marshal. You are the corporate scheduler for Happy Insurance Corporation (HIC), a general health insurance company located in Ridgemond, Illinois. HIC is very busy with 49 unique software development projects. The organization structure at HIC gives the project scheduling responsibility to the Project Manager assigned to each project. You are charged with coordination of the project schedules into a Master Schedule and quality control for scheduling on the individual development projects. You report directly to the Director of Information Services (DIS), Desmond Rayburn.

It has come to your attention Project JP-114 has fallen behind schedule and Rita Belateau, the Project Manager, wants to accelerate the project in order to reclaim lost time. Rita is a strong supporter of Total Quality Management and strives for zero failures; therefore she is assessing the need for overtime for resources assigned to an activity that is not projecting a completion prior to the early finish depicted in the current schedule.

You and Rita review the current schedule to identify which activities are on the critical path and which activities have plenty of float. The review reveals several activities have suffered less than planned productivity and have contributed to falling behind. In the process of this review, you and Rita also review the budget for Project JP-114 and notice not only the schedule has fallen behind but the cost to date is more than she had expected. To total budget is $150,000, planned to date is $30,000; expended to date is $37,000.

With nine months remaining until baseline contract completion, Rita needs to bring Project JP-114 back on track; knowing overtime for an extended period of time is not always the right answer, especially with the cost to date already over planned.

In order to truly understand the options available to help remedy the current situation, you and Rita brainstorm on several potential courses of action. All the potential courses of action will require an evaluation of budget impact versus schedule correction.

1. Pull the project team together and ensure everyone understands which activities are on the critical path. Rita would like to use the existing project team and focus them on these critical path activities, laying out a plan for periodic overtime when needed to crunch through a deliverable. This approach could add approximately 20% to the budget.

2. Outsource various modules of activities to qualified and known consultants. This could drive up the costs and must be evaluated before implemented. Having an outside source working in parallel with the project team could also accelerate the schedule to mitigate some of the delays, as well as keep overtime down to a minimum for the project team. Potentially this could add as much as 40% to the budget, but could also be very productive schedule wise.

3. Mandatory overtime for the project team - entire project goes on a 50-hour work week. If the entire project team works overtime for an extended period of time, the budget could see an additional 60% increase.

4. The project continues as is completes the project late and accepts the penalties imposed. Penalties imposed for late delivery could add as much as 50% to the budget.

Assignment

Draft a proper memorandum to Desmond Raybum, IS Director, explaining in your own words:

a. the current problem and potential impact(s);

b. each course of action, stating advantages and disadvantages as appropriate;

c. your recommendations, properly supported.

Please be sure to include the rationale for your recommendations. Be sure to summarize your thoughts and address (To, From, Date, and Subject/Project Name) and close the memo appropriately. If you are uncomfortable with the courses of action noted, provide your own with appropriate substantiation for your position. Limit your answer to one, full typewritten page (roughly three handwritten pages).

While your email can be a detailed as you like, be sure to write sufficiently to address each element of the assignment, yet not so long that you go beyond the scope of the exercise.

Take time to read the problem and consider what you want Evan to say. Good luck!

Options:

Question 11

Schedule Risk may affect the following:

Options:

A.

Activity resource allocation

B.

Long-duration activities

C.

The final milestones phase milestones, critical and non-critical activities

D.

Calendar shifts

Question 12

Which of the following is NOT true?

Options:

A.

Remaining durations can exceed original durations.

B.

Constraints can interfere with the longest path calculation.

C.

Multiple calendars can affect the total float calculation.

D.

A network must contain only one Critical Path.

Question 13

Scenario: You are providing construction management services for a small office building project. Your duties include reviewing and approving the contractor's baseline schedule. The contractor has submitted the first baseline schedule for the project.

The contractor subsequently submits a CPM schedule for its baseline schedule submittal. As part of your review, you look at the durations for each activity in the schedule. How do you determine if a duration of 10 work days for drywall installation is accurate?

Options:

A.

The duration for drywall installation should De proportional to how critical the activity is

B.

Review the drywall quantity, methods and location with the project superintendent to determine a reasonable duration

C.

Review the location of drywall work in the contract drawings

D.

Divide the quantity of drywall by the construction crew's dairy production rate for this work

Question 14

As the project plan is developed a mechanism is developed to communicate the projects organic structures that will facilitate reporting against the baseline schedule and cost estimate or budget Which of the following is NOT used for reporting?

Options:

A.

The Resource Breakdown Structure (RBS)

B.

The Work Breakdown Structure (WBS)

C.

The Organization Breakdown Structure (OBS)

D.

The Cost Breakdown Structure (CBS)

Question 15

You are the project manager of the AHQ project. This project is scheduled to last for six months and will require S345.000 to complete. If the project completes earlier than scheduled your organization will receive a bonus of S5 000 per day of early completion Management has asked you to develop an aggressive schedule to realize as much of the bonus as possible but management does not want you to increase the costs of the project beyond $1,000 per day of the bonus realization. Which of the following approaches will likely add costs to the project?

Options:

A.

Using the critical chain method

B.

Fast tracking

C.

Crashing

D.

Rebaseline the project

Question 16

The best source of project risk or opportunities is:

Options:

A.

A similar project in another state

B.

Rumors from the local Chamber of Commerce

C.

Failures by other contractors

D.

Internal and external stakeholders

Question 17

Schedules are periodically updated to reflect progress. What step should NOT occur before the update is considered complete?

Options:

A.

All managers should be encouraged to review contiguous activity status

B.

The process of each activity should be indicated by the responsible manager

C.

The critical path should not be revisited to ensure all the downstream logic and durations are still accurate

D.

The project team should be asked to review status for accuracy

Question 18

Who can define KPls?

Options:

A.

The client and the performing/contracting entity

B.

Environmental regulators

C.

The subcontractors and suppliers

D.

Accounting and Finance

Question 19

Which activity is drawn in the incorrect position?

Options:

A.

Activity G.

B.

Activity E.

C.

Activity C.

D.

Activity D.

Question 20

Based on the available scope information and required accuracy, different cost estimated models or methodologies are utilized Which of the following statements is NOT true?

Options:

A.

The Deterministic model is used when Class 3 through 1 estimates are required

B.

The Parametric model is used when Class 5 or Class 4 estimates are required

C.

The Deterministic model is used when Class 5 through 3 estimated are required

D.

The Parametric model is used when detailed quantities are not known

Question 21

A KPI is an acronym for:

Options:

A.

Key Planning Index

B.

Known Planning Impediments

C.

Keep Parameter Integrity

D.

Key Performance Indicator

Question 22

Using the normal schedule, what is the early finish date and total float of Activity 10002?

Options:

A.

24 Nov 2023. and 24 days of tree float

B.

24 Dec 2023. and 24 days of tree float

C.

17 Dec 2023. and 4 days of total float

D.

21 Dec 2023. and 4 days of total float

Question 23

In the "normal" schedule, excluding Activity 1000, what activity(s) are concurrent with Activity 3001?

Options:

A.

2003 and 7001.

B.

2004.

C.

4001, 5001 and 6001.

D.

4001 and 5001.

Question 24

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 25

If no time extensions are granted and all actual delays are as described above, what will the total float calculation be at the end of the project?

Options:

A.

0 calendar days.

B.

-14 calendar days.

C.

-20 calendar days.

D.

10 calendar days.

Question 26

Assuming conventional finish-to-start relationships, to calculate a schedule retaining the existing logic means that

Options:

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.

Question 27

What method would be the best way to determine the most likely as-built critical path of a project that is underway, and the schedule of which has been partially progressed?

Options:

A.

Use the progressed portion of the critical path of all the updates previous to the current update.

B.

Use the progressed portion of the critical path of the baseline schedule.

C.

Interview the project personnel for their perceptions and opinions because the schedule is usually inadequate.

D.

Use the forward-looking critical path of the most current updates.

Question 28

If a cost estimate assumes that 240 hours will be expended on a given activity, and the projected crew size expected to perform that activity is 5 personnel working and 8-hour workday, what is the calculated duration for the activity?

Options:

A.

8 days

B.

6 days

C.

4 days

D.

5 days

Question 29

When should the project documents be reviewed to assess their impact on the organization and administration of a project?

Options:

A.

After the Award and before the NTP

B.

During the Bid Phase

C.

Before the commercial decision to Did on the project

D.

After the NTP

Question 30

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

Options:

A.

Estimate at completion (EAC)

B.

Budget at completion (BAC)

C.

Budgeted cost of work performed (BCWP)

D.

Budgeted cost of work scheduled (BCWS)

Question 31

If all other work proceeds according to the Baseline plan, how many times will the critical path change?

Options:

A.

2.

B.

1.

C.

Does not change.

D.

3.

Question 32

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 33

When are project planning and scheduling specifications established?

Options:

A.

Before me NTP

B.

Before the tendering documents are finalized

C.

After the bid price is accepted

D.

During the bidding process

Question 34

What is the relationship depicted between Activity G and Activity H?

Options:

A.

You cannot tell with the supplied information.

B.

Start-to-start.

C.

Finish-to-start.

D.

Finish-to-finish.

Question 35

During the Bid Phase, do the planning and scheduling project documents impact the Bid pricing?

Options:

A.

The bid does not reflect details of planning and scheduling

B.

The bid should reflect the level of planning and scheduling noted on similar projects with this client

C.

The bid should reflect the project plan incorporating all planning and scheduling elements

D.

The bid should incorporate input from the manager responsible for planning and scheduling if the bid is successful

Question 36

Determine the correct formula and date for the late finish for Activity 9004.

Options:

A.

LF of 10002 less 24 days

B.

LS of 9004 plus 72 days

C.

LF of 8001 plus 72 days

D.

LS of 10002 less lag of 7 days plus 1 day equaling 20 Nov 2023

Question 37

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 38

In a graphical earned value analysis, what time-scaled value determines the reporting intervals for both schedule and cost performance?

Options:

A.

Budgeted cost of work scheduled

B.

Budgeted cost of work performed

C.

Schedule performance index

D.

Actual cost of work scheduled

Question 39

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 40

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

Options:

A.

407 days

B.

362 days

C.

255 days

D.

267 days

Question 41

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 42

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 43

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 44

Scenario: You are providing construction management services for a small office building project. Your duties include reviewing and approving the contractor's baseline schedule. The contractor has submitted the first baseline schedule for the project.

The contractor's baseline schedule submittal includes a bar chart, but no CPM diagram. Which of the following is the most significant shortcoming to using a bar chart to review the baseline?

Options:

A.

A bar chart cannot accurately reflect the impact of changes in durations or logic to the baseline

B.

A bar chart is always an oversimplified view of the project schedule

C.

A tor chart does not show all the activities required to construct the project

D.

A bar chart does not show whether the project with be completed within the allowable time

Question 45

Using the "normal" schedule, what is the early finish date of activity 10002 and its total float?

Options:

A.

12-27-03 and 24 days of float

B.

12-18-03 and 4 days of float

C.

12-17-03 and 4 days of float

D.

12-18-03 and 25 days of float

Question 46

The congested site only has room for 3 cranes to operate concurrently. Only 1.75 cubic yard ICY] or1.34 cubic meter [CM] concrete buckets are available. Each crane can perform up to 35 lifts per day. Assuming a total of 30 lifts per crane pet day. what is the maximum volume of concrete that could be placed using 3 small tower cranes over a 5-day period?

Options:

A.

263 CY

B.

368 CM

C.

201 CY

D.

306 CY

Question 47

Considering the information provided for the project, what is the factor that most influences the successful crashing of the schedule?

Options:

A.

Avoiding a late delivery penalty from the owner

B.

Maximizing the $500,000 bonus

C.

Avoiding the 2023-2024 winter/wet weather season

D.

Minimizing the indirect expenditure chargeable to the contractor

Question 48

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?

Options:

A.

450 lifts

B.

300 lifts

C.

45 lifts

D.

150 lifts

Question 49

Activity C is a

Options:

A.

Contentious activity.

B.

Continuous activity.

C.

1-day activity.

D.

Milestone.

Question 50

When project risk is reflected in scheduled activities, what is the most significant characteristic of those activities?

Options:

A.

The level of resources available to the activity

B.

The Remaining Duration of the activity

C.

The criticality of toe activities

D.

The Late Start of the last activity in that float path

Question 51

Prior to the beginning work on Activity 6001, the scope is changed by executed change order to increase the activity duration by thirty days and rock fill by 100.000 cubic meters If the project has progressed as scheduled up to the point of the executed change order, what activities would be changed on the next project update?

Options:

A.

1001 and 6001

B.

1000. 1001. and 6001

C.

9001 and 6002 and 6002

D.

1000 and 6001

Question 52

Crane operators require 1 hour prep and 1 hour clean-up and inspection per day. There is only 1 crane operator allocated per crane. Crane operators are not allowed to work more than 8 hours a day. Lunchtime break lasts 1 hour. Assuming a 10 minute cycle time, how many lifts per day can be expected?

Options:

A.

36 lifts

B.

24 lifts

C.

30 lifts

D.

48 lifts

Question 53

If the administrative constraints for developing the precedence diagram, as provided in the contract documents, indicate that no individual construction activities shall have a longer duration of two months, how many activities in the "normal" schedule would be affected?

Options:

A.

12.

B.

14.

C.

13.

D.

Cannot be determined.

Question 54

If Activity A was delayed 5 days from starting, which of the following adjustments will NOT maintain the completion date of Activity C at Day 40?

Options:

A.

Reduce the duration of 'A' from 20 days to 10 days and replace the relationship from B' to 'C with FSO.

B.

Replace the relationship from 'B’ to 'C’ with SSO

C.

Reduce the duration of B" from 10 days to 5 days by compressing work effort

Question 55

Which of the following is NOT a tool or technique used to perform scope planning?

Options:

A.

Benefit cost analysis.

B.

Schedule performance indexing.

C.

Expert Judgment.

D.

Alternatives identification.

Question 56

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

Options:

A.

26.

B.

28.

C.

24.

D.

25.

Question 57

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 58

What portion of Activity B is on the critical path?

Options:

A.

Last half of the activity

B.

None of it

C.

First half of the activity

D.

The whole activity

Question 59

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 60

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

Options:

A.

91 days

B.

183 days

C.

145 days

D.

53 days

Question 61

When reconstructing a CPM schedule electronically from a hardcopy, which of the following is NOT required to determine the critical path?

Options:

A.

Detailed listing of working days for each calendar used

B.

Predecessor and successor listing with logic type and lag duration, preferably sorted by activity ID

C.

Assigned party responsibility for each work task

D.

Tabular listing of activities showing duration, calendar ID, early and late dates

Question 62

What defines a KPI?

Options:

A.

Phase milestones

B.

Initiation of a weather risk window

C.

Key discrete project final or interim goals

D.

Interim milestones related to weather phasing

Question 63

Which of the following is least likely to affect the criticality of resources in resource planning process?

Options:

A.

Organizational resources availability

B.

Cost estimating process output

C.

Feedback from resource optimization

D.

Organization breakdown structure

Question 64

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.

Demo: 64 questions
Total 216 questions