AACE International AACE-PSP Exam Practice Test Instant Access

Question 1

Which of the following are NOT normally included in the project scope statement, either directly or by reference?

AProject objectives in terms of cost, schedule and quality measures

BProject contract between the contractor and owner

CProject justification

DProject deliverables

Answer : C

Question 2

Which activity is drawn in the incorrect position?

AActivity G.

BActivity E.

CActivity C.

DActivity D.

Answer : C

Question 3

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

AAvoiding a late delivery penalty from the owner

BMaximizing the $500,000 bonus

CAvoiding the 2023-2024 winter/wet weather season

DMinimizing the indirect expenditure chargeable to the contractor

Answer : A

Question 4

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.

AThe project plans and specifications

BThe project geotechnical report

CThe regulations published by the government aviation agency

DThe government's report on future high-clearance bridge projects

Answer : C

Question 5

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

ANegative float.

BFree float.

CTotal float.

DInterfering float.

Answer : C

Question 6

In its simplest form, what is the main drawback of critical path method scheduling?

AIt requires a backward pass to calculate late dates.

BIt assumes that resources are unlimited.

CIt doesn't account for interdependent between activities.

DIt allows for Precedence Diagramming Method to be used in place of Arrow Diagramming Method.

Answer : B

Question 7

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

ALF of 10002 less 24 days

BLS of 9004 plus 72 days

CLF of 8001 plus 72 days

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

Answer : A

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