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

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Total 163 questions

Planning & Scheduling Professional (PSP) Exam Questions and Answers

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Question 1

Using the "crashed" schedule, if you start Activity 2002 on August 12, 2001, what is the finish date for Activity 2002?

Options:

A.

09-28-01.

B.

09-08-01.

C.

09-15-01.

D.

09-18-01.

Question 2

Constraints control events or activities that __________________.

Options:

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.

Question 3

Midway through the project you received an executed change order for this project, adding thirty-three days to the contract for weather delays. In its simplest form, how would your next project update display the changed condition?

Options:

A.

After Activity 1000, add a new Activity 1050 with a start-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-finish relationship to the final activity of the project.

B.

After Activity 1000, add a new Activity 1010 with a finish-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-start relationship to the final activity of the project.

C.

After Activity 1001, add a new Activity 1011 with a finish-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-start relationship to the final activity of the project.

Question 4

When resource leveling craft labor for a critical path schedule, the scheduler

Options:

A.

Must consider breaks in continuity of work for subcontractors, thereby possibly incurring additional subcontractor mobilization and demobilization costs.

B.

Can depend on the results of the resource leveling operation to reflect a useful realignment of all schedule activities without 'further analysis.

C.

Need not consider its effects, as it is a theoretical concept with limited application to construction projects.

D.

Need only consider the non-union crafts persons.

Question 5

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 6

Which letter of the alphabet best approximates the graphical shape of a project's cumulative cost baseline, or budgeted cost of work scheduled?

Options:

A.

C.

B.

B.

C.

S.

D.

W.

Question 7

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 8

Based on the stated costs, what percentage of the total cost comes from the 2000 series of activities?

Options:

A.

3.9% (1 : 25.708)

B.

2.3% (1 : 43.501).

C.

9.1% (1 : 11.000).

D.

8.6% (1 : 11.591)

Question 9

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 10

What does the narrow band at "Y" represent?

Options:

A.

Resource limitation period.

B.

A rework period.

C.

Activity inactivity.

D.

You cannot tell with the information supplied.

Question 11

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 12

Which activity is drawn in the incorrect position?

Options:

A.

Activity G.

B.

Activity E.

C.

Activity C.

D.

Activity D.

Question 13

If after calculating a schedule an activity exhibits negative total float, which of the following is certain? The activity

Options:

A.

Is a milestone.

B.

It is on the critical path.

C.

Was completed in the past.

D.

Has yet to be completed.

Question 14

Management has determined the need to release the product 20 days earlier than planned. What tasks need to be expedited?

Options:

A.

Drafting and Proofing the Manual.

B.

Packaging only.

C.

Printing the Manual.

D.

Testing, Manufacturing and Packaging.

Question 15

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 16

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 17

The data date or status date of a schedule represents the:

Options:

A.

date the monthly update is performed

B.

date the project manager turns in the schedule update

C.

system date when the software calculates the update

D.

date on which progress is based

Question 18

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 19

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

Options:

A.

4001, 5001, and 6001

B.

2003 and 7001

C.

4001 and 5001

D.

2004, 4001. and 5001

Question 20

What is the actual duration as of the status date or data date of Activity B?

Options:

A.

7.

B.

3.

C.

0.

D.

4.

Question 21

Which statement is true?

Options:

A.

Where compensability cannot be established, excusability is assumed.

B.

Where compensability can be established, excusabltity cannot be assumed.

C.

Where compensability cannot be established, excusability is a given.

D.

Where compensability can be established, excusability is assumed.

Question 22

How many work days does it take to move the product from testing to sale?

Options:

A.

60.

B.

70.

C.

100.

D.

90.

Question 23

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 24

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 25

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 26

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 27

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 28

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 29

What day would Activity C complete if the duration of Activity A was reduced by five days?

Options:

A.

35

B.

30

C.

45

D.

40

Question 30

Which of the following phases does NOT describe the commonly accepted construction life cycle?

Options:

A.

Claims and disputes phase.

B.

Installation phase.

C.

Planning and design phase.

D.

Turnover and start-up phase.

Question 31

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.

Options:

A.

The project plans and specifications

B.

The project geotechnical report

C.

The regulations published by the government aviation agency

D.

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

Question 32

What activities are concurrent to Activity 2001 in the "normal" schedule?

Options:

A.

7001.

B.

1001.

C.

1000.

D.

2003.

Question 33

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 34

For which of these delays should an owner grant a time extension?

Options:

A.

Structural steel shop drawings.

B.

Shop drawings and centrifuge delay.

C.

Differing site conditions at parking structure.

D.

Differing site conditions and centrifuge delay.

Question 35

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 36

Why does activity 11001 not show successor activities?

Options:

A.

The early finish and late finish are circular

B.

It is the penultimate work required for the project

C.

The scheduler forgot to add the successor activities

D.

It is the final activity for the required work for the project

Question 37

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 38

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 39

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 40

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 41

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 42

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 43

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 44

Which of the following parties is NOT a stakeholder of the Spring Highway project?

Options:

A.

ALPHA

B.

GOUGE

C.

BILCO

D.

DEVCO

Question 45

An earned value-based project control system can use either of which two budgets as the basis of its calculations?

Options:

A.

Labor hours or dollars.

B.

Direct or indirect cost.

C.

Earned or budgeted cost yearly.

D.

Linear feet or dollars.

Question 46

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 schedule's work activity durations?

Options:

A.

Industry publications.

B.

Critical path schedules prepared by you for similar completed projects.

C.

The Petrochemical Industry New Plant Task Duration Handbook.

D.

The cost estimate for the plant prepared by your firm's estimating department.

Question 47

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

Options:

A.

It requires a backward pass to calculate late dates.

B.

It assumes that resources are unlimited.

C.

It doesn't account for interdependent between activities.

D.

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

Question 48

What is the result of a forward pass calculation?

Options:

A.

Value of total float for individual activities

B.

Early start and early finish date for individual activities

C.

Value of free float for individual activities

D.

Critical path

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Total 163 questions