AACE International AACE-PSP Exam Questions Instant Access

Question 1

How many entities/subcontractors should a scheduled activity cover?

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

BMore than one it the subcontractors agree

COnly one

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

Answer : C

Question 2

Activity 2003 started during the current reporting period and proceeded as planned with the normal schedule. If the remaining duration at the end of this period is ten workdays, then what is the earned value assignable to Activity 2003 in the pay estimate for this reporting period?

A$6,000

B$10.000

C$5,000

D$8,000

Answer : B

Question 3

The Organizational Breakdown Structure (OBS) is a hierarchical structure that does NOT include which of the following:

Asubcontractors

Bstakeholders

Csub-subcontractors

Dproject director

Answer : B

Question 4

Project Life Cycle Phases do NOT include the following item:

Aprocurement

Bbudgeting

Cdesign

Dstart-up

Answer : B

Question 5

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?

AUsing the critical chain method

BFast tracking

CCrashing

DRebaseline the project

Answer : C

Question 6

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

AIt is calculated using the original logic.

BIt is calculated using logic reflecting out-of-sequence progress.

CAn out-of-sequence activity cannot resume until all predecessors are finished.

DThere is no such thing.

Answer : A

Retaining existing logic means preserving the original relationships and dependencies defined in the schedule. Even if progress is recorded out of sequence, calculations adhere to the pre-established logic unless explicitly changed.

Option B reflects adjustments for out-of-sequence progress but contradicts the original logic requirement.

Option C imposes restrictions that do not align with typical CPM calculations.

Option D is incorrect as the concept exists.

The PSP Study Guide discusses the importance of maintaining logic integrity in CPM scheduling.

Question 7

When are KPIs defined?

AAt project initiation

BAt NTP

CAt the start of the Construction Phase

DAfter the Bidding Phase

Answer : A

AACE International Planning & Scheduling Professional (PSP) AACE-PSP Exam Questions