Practice Test for AACE-PSP Certification Real 2023 Mock Exam [Q63-Q85]

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Practice Test for AACE-PSP Certification Real 2023 Mock Exam

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The AACE-PSP exam is a rigorous test that assesses the candidate’s knowledge of project planning and scheduling concepts, techniques, and tools. AACE-PSP exam covers a wide range of topics, including project management fundamentals, schedule development, time management, resource management, and risk management. Candidates must demonstrate their mastery of these topics to pass the exam and earn their AACE-PSP certification.

AACE International AACE-PSP (Planning & Scheduling Professional) Certification Exam is a rigorous examination designed to test the knowledge and competency of professionals in the field of project planning and scheduling. AACE International is a renowned professional association for project management professionals, and their PSP certification program is recognized globally as a mark of excellence in the planning and scheduling profession.

NO.63 What is the result of a forward pass calculation?

Value of total float for individual activities

Early start and early finish date for individual activities

Value of free float for individual activities

Critical path

NO.64 Under which circumstance should one perform resource-leveling calculations?

When the contract contains a provision for float-banking.

When you believe that known resource limitations may override schedule logic.

Never, unless required by the contract.

When the schedule is resource-loaded.

NO.65 Time-scaled logic diagrams are

Only calculated using a computer.

The same as a pure-logic diagram.

Used to calculate the most probable activity duration.

Logic networks that are drawn to match the calendar.

NO.66 Which activity is drawn in the incorrect position?

Activity G.

Activity E.

Activity C.

Activity D.

NO.67 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.68 What does the narrow band at “Y” represent?

Resource limitation period.

A rework period.

Activity inactivity.

You cannot tell with the information supplied.

NO.69 Is activity 7001 pictured correctly in the precedence diagram?

No, the total float is not shown correctly.

Yes, except the early finish date is not shown.

No, the start-to-start and finish-to-finish relationships are backwards.

Yes, the duration is 48 days.

NO.70 Identify the minimum project duration.

20 months.

16 months.

19 months.

21 months.

NO.71 Which of the following is NOT required when initially planning a project?

Resource Identification and leveling.

The duration of each task.

A schedule that identifies tasks required on a project.

Logical relationships between the tasks.

NO.72 Which of the following is NOT true?

Remaining durations can exceed original durations.

Constraints can interfere with the longest path calculation.

Multiple calendars can affect the total float calculation.

A network must contain only one Critical Path.

NO.73 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.74 What is the primary difference between the arrow diagramming method (ADM) and the precedence diagramming method (PDM)?

ADM is limited to finish-to-start logic relationships, while PDM is not.

PDM is a bar chart with network logic, while ADM is a pure logic network.

ADM is manual CPM calculations, while PDM is computerized.

ADM uses arrows, while PDM uses boxes.

NO.75 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.76 In its simplest form, what is the main drawback of critical path method scheduling?

It requires a backward pass to calculate late dates.

It assumes that resources are unlimited.

It doesn’t account for interdependent between activities.

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

NO.77 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.78 Which of the following are NOT normally included in the project scope statement, either directly or by reference?

Project objectives in terms of cost, schedule and quality measures

Project contract between the contractor and owner

Project justification

Project deliverables

NO.79 In order for a claimant to be entitled to an extension of contract time for a delay event (and further to be considered compensable):

The delay must affect the critical path.

The delay must be concurrent with the delay attributable to both parties.

The delay must not cause monetary harm to the defendant.

The delay must affect the contractor’s planned construction schedule.

NO.80 The sum of all budgets for work scheduled to be accomplished within a given time period is the
____________.

Estimate at completion (EAC)

Budget at completion (BAC)

Budgeted cost of work performed (BCWP)

Budgeted cost of work scheduled (BCWS)

NO.81 The activity with the most total float is:

Activity I.

Activity C.

Activity F.

Activity D.

NO.82 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.83 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.84 If all other work proceeds according to the Baseline plan, how many times will the critical path change?

Does not change.

NO.85 Management has determined the need to release the product 20 days earlier than planned. What tasks need to be expedited?

Drafting and Proofing the Manual.

Packaging only.

Printing the Manual.

Testing, Manufacturing and Packaging.

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Practice Test for AACE-PSP Certification Real 2023 Mock Exam [Q63-Q85]

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