Authentic AACE-PSP Dumps - Free PDF Questions to Pass [Q68-Q89]

Authentic AACE-PSP Dumps - Free PDF Questions to Pass

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The benefit of obtaining the Planning & Scheduling Professional (PSP) Exam Certification

Certifications offered by the Association for the Advancement of Cost Engineering (AACE) have been a mark of distinction for more than thirty years, and more and more employers are requiring these certifications as a prerequisite for jobs. PSP is one of AACE's commonly recognized qualifications that cover subjects related to the preparation and scheduling of projects. Obtaining an AACE qualification also leads to greater peer acceptance and increases job and income prospects.

While a licensed professional engineer is usually considered “certified” in any field in which he or she works (imposing self-discipline to not “practice outside one's areas of expertise”), for both licensed engineers and unlicensed technicians, the national mood is to require certification in specialty disciplines. A welcome response to the increased power of our software tools in education and training in theory as well as practice and qualification regulated by our professional societies, such as AACE (with the PSP exam noted above and PMI (with the PMI-SP exam).

Topics of Planning & Scheduling Professional (PSP) Exam

The Planning & Scheduling Professional (PSP) Exam consists of two main sections, Planning and Scheduling, each further broken down into two sub-sections. The core topics for each of the two sections are listed below. These contents are likely to be used for the examination. However, on any particular delivery of the test, other similar topics could also appear.

Applicants are recommended to use these contents and/or other resources including PSP exam dumps where possible to provide background information on the exam objectives. The syllabus for the Planning & Scheduling Professional (PSP) Exam is listed below with detail of each section and their topics:

1. Planning - PLANNING DEVELOPMENT

Learning Objectives:

• Scaling of the planning process must be appropriate and equally weighted to each phase of work to achieve a balanced and usable product.
• When conditions change, the planning process and deliverables should be examined and updated as necessary. The plan for one phase of a project offers a pattern for developing the plan or next phase of the project as well as the project as a whole.
• Recognize that the planning process is a dynamic process repeated throughout each phase of a program or project life cycle.
• Understand the fundamental concepts of the planning process and its terminology.
• Effective implementation of a plan results in a schedule.

Objectives covered by this section:

INPUT & DATA

• Contract types
• Constructability Methods
• General and special conditions
• Change management
• Delivery methods

CONSIDERATIONS & CONSTRAINTS

• Stakeholder Consideration
• Identification of Resources
• Project Variables
• Value Engineering

2. Planning - PLANNING PRODUCT

Objectives covered by this section:

OUTPUT & DELIVERABLES

• Phase Definition
• Periodic Forecasts
• Review by Stakeholders
• Define Project Goals
• Establish Work Breakdown Structure
• Establish Cost Breakdown Structure
• Define the Project Plan
• Establish Organization Breakdown Structure
• Define the Scope of Work
• Baseline Plan
• Sequencing & Phase Relationship

3. Scheduling - Schedule Development

Objectives covered by this section:

Input & Data

• Breakdown structure relationships
• Schedule specification
• Feedback from stakeholders
• Define Schedule and scope
• Cost estimation model

Creating Schedule

• Schedule basis documentation
• Cost and resources
• Milestones
• Schedule quality analysis
• Relationships

4. Scheduling - Schedule Maintenance & Controlling

Objectives covered by this section:

Maintain Schedule

• Schedule change management
• Cost & resource management
• Tracking schedule progress

Output and Deliverables

• Recovery schedules
• Variances and trends
• Schedule analysis
• Progress reports and reviews
• Management summary
• Constructability review
• Control level schedules

NO.68 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?

 15 days.

 0 days.

 5 days.

 10 days.

NO.69 Which of the following are NOT considerations or constraints of the planning process for construction scheduling?

 Consideration of all stakeholders.

 Value engineering.

 Project variables.

 Interest rate of owner’s construction bonds.

NO.70 At the end of month one, did the delay to the parking structure foundation delay the project?

 NO.

 Yes, by 4 calendar days.

 Yes, by 14 calendar days.

 Yes, by 9 calendar days.

NO.71 In the “normal” schedule, excluding Activity 1000, what activity(s) are concurrent with Activity 3001?

 2003 and 7001.

 2004.

 4001, 5001 and 6001.

 4001 and 5001.

NO.72 Activity 1001 started on the scheduled date but has slipped 10 days. Activity 10002 will slip 35 days. All remaining activities retain their original duration. What is the revised completion date?

 02-19-04

 03-21-04

 03-11-04

 03-20-04

NO.73 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?

 Industry publications.

 Critical path schedules prepared by you for similar completed projects.

 The Petrochemical Industry New Plant Task Duration Handbook.

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

NO.74 Based on the stated costs, what percentage of the total cost comes from the 2000 series of activities?

 3.9% (1 : 25.708)

 2.3% (1 : 43.501).

 9.1% (1 : 11.000).

 8.6% (1 : 11.591)

NO.75 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?

 450 lifts

 300 lifts

 45 lifts

 150 lifts

NO.76 How much Total Float does drafting the product manual have?

 15 workdays.

 0 workdays.

 10 workdays.

 5 workdays.

NO.77 Which is NOT an industry-recognized methodology for quantifying critical delay?

 Gantt Chart.

 Periodic Windows.

 Collapsed As-Built.

 Time Impact.

NO.78 Free float is the

 Difference between the early dates and late dates of an activity.

 Amount of time the early start of an activity can be delayed without impacting the early start of the successor activity.

 Difference between the early finish dates and late finish dates of an activity.

 Difference In float value of the critical path activities and the float value of the specific activity being analyzed.

NO.79 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?

 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.

 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.

 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.

NO.80 Using the “normal” schedule, if you start Activity 7001 on April 1, 2002, and using a 5-day workweek, what the finish date for Activity 7001?

 06-11-02.

 06-04-02.

 06-18-02.

 06-05-02.

NO.81 Theoretically construct a summary activity for activities 2001 through 2004. Using the “normal” schedule, what is the cost of the hammock?

 $271,000

 $299,000

 $139,000

 $289,000

NO.82 Determine the correct formula and date for the late finish for Activity 2001.

 LF.2001 – 1 day -> 08-28-01.

 LS.2002- 1 day-> 08-29-01.

 LS.2002 + 1 day -> 08-30-01.

 LS.2002 – 1 day -> 08-28-01.

NO.83 Which activity is drawn in the incorrect position?

 Activity G.

 Activity E.

 Activity C.

 Activity D.

NO.84 A driving relationship is _____________________.

 A critical relationship.

 A finish-to-start relationship.

 The link between two related activities.

 The link between a predecessor and the activity whose dates it controls.

NO.85 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?

 12.

 14.

 13.

 Cannot be determined.

NO.86 What owner action could have mitigated the late completion of the project?

 Hire a more senior project manager.

 Self-perform more of the work.

 Use a procurement agent to monitor and expedite equipment deliveries.

 Prepare better structural steel drawings.

NO.87 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?

 The Eichleay formula

 Historical production rates

 Time impact analysis

 Black-Scholes model

NO.88 The expected remaining cost needed to complete an activity, group of activities or the project is the____________.

 Budget at completion (BAC)

 Budgeted cost of work performed (BCWP)

 Estimate to complete (ETC)

 Estimate at completion (EAC)

NO.89 Determine the correct formula and date for the late finish for Activity 9004.

 LS.10002 + 1 day -> 11-29-03.

 LS.10002^ Lag.7 + i day -> 11-20-03.

 LS.10002 – 1 day -> 11-27-03.

 LS.10002 – Lag.7 – l day -> 11-20-03.

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Difficulty in Writing Planning & Scheduling Professional (PSP) Exam

All exams can turn out to be very difficult if not well prepared. The main preparation material for the Planning & Scheduling Professional (PSP) Exam is the industry experience and related college degree as this is the prerequisite of the exam and is a must for an applicant as stated by AACE. Refer to the “How to study” section above to use the official resources to best prepare for the exam. One of the key problems faced by most candidates is to choose the right research materials for their exam preparation since they use the internet to find too much data that makes it difficult for them to trust, which would be helpful for them. PSP exam dumps pdf are designed in such a way to make better preparatory material. This exam can turn out to be a very difficult certification if not well prepared. We always recommend studying the PSP practice exam dumps before actually appearing for the exam. Applicants may, however, clear the exam with the right concentration and the right preparation material.

VCEPrep have the most up-to-date PSP exam dumps, having a fair understanding of the question trend being asked in real certification with the help of these exam dumps.

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