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AACE-PSP PDF Dumps | Nov 02, 2021 Recently Updated Questions
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).
NEW QUESTION 72
The expected remaining cost needed to complete an activity, group of activities or the project is the____________.
- A. Estimate to complete (ETC)
- B. Estimate at completion (EAC)
- C. Budget at completion (BAC)
- D. Budgeted cost of work performed (BCWP)
Answer: A
NEW QUESTION 73
During proofing of the product manual, a problem was discovered requiring 15 days additional time to effect a correction. How can the date of availability be maintained?
- A. Delay manufacturing by 5 days.
- B. Expedite printing by 5 days.
- C. Expedite packaging by 5 days.
- D. Delay product release by 5 days.
Answer: D
NEW QUESTION 74
At a minimum, periodic reporting must be done at what interval?
- A. Monthly.
- B. As requested by the project manager.
- C. As requested by the owner.
- D. As specified in the contract documents.
Answer: D
NEW QUESTION 75
What is the workweek period for this project?
- A. Monday through Friday
- B. Monday through Saturday
- C. Sunday through Friday
- D. Sunday through Saturday
Answer: D
NEW QUESTION 76
If Activity E's duration changes to 4 months, what is the overall duration of the project.
- A. 22 months.
- B. 21 months.
- C. 19 months.
- D. 20 months.
Answer: D
NEW QUESTION 77
What is the primary difference between the arrow diagramming method (ADM) and the precedence diagramming method (PDM)?
- A. ADM is limited to finish-to-start logic relationships, while PDM is not.
- B. PDM is a bar chart with network logic, while ADM is a pure logic network.
- C. ADM uses arrows, while PDM uses boxes.
- D. ADM is manual CPM calculations, while PDM is computerized.
Answer: A
NEW QUESTION 78
Management has determined the need to release the product 20 days earlier than planned. What tasks need to be expedited?
- A. Drafting and Proofing the Manual.
- B. Testing, Manufacturing and Packaging.
- C. Printing the Manual.
- D. Packaging only.
Answer: B
NEW QUESTION 79
The linear scheduling velocity diagram has the following two-axis:
- A. Time and rate of progress
- B. Time and location
- C. Location and crew size
- D. Time and crew size
Answer: A
NEW QUESTION 80
If a cost estimate assumes that 240 hours will be expended on a given activity, and the projected crew size expected to perform that activity is 5 personnel working and 8-hour workday, what is the calculated duration for the activity?
- A. 6 days
- B. 4 days
- C. 5 days
- D. 8 days
Answer: A
NEW QUESTION 81
In analyzing a logical chain of activities in a critical path method (CPM) schedule, what do differing total float values within that chain typically indicate?
- A. Certain activities in the critical path have no successors.
- B. The schedule is projecting an "early completion".
- C. The schedule has too much detail to reflect an accurate critical path.
- D. Different calendars are assigned to certain activities in the logical chain.
Answer: A
NEW QUESTION 82
By subtracting a measured unit productivity rate during an impacted period from the unit productivity rate during an unimpacted period, the resulting value represents:
- A. Production output.
- B. Acceleration.
- C. Productivity loss.
- D. Productivity efficiency.
Answer: C
NEW QUESTION 83
Is activity 7001 pictured correctly in the precedence diagram?
- A. No, the start-to-start and finish-to-finish relationships are backwards.
- B. Yes, the duration is 48 days.
- C. No, the total float is not shown correctly.
- D. Yes, except the early finish date is not shown.
Answer: B
NEW QUESTION 84
Using the "normal" schedule, and assuming you are billing on the last day of the month for previous month and for appropriate partial months, how many invoices will you have for this project?
- A. 42.
- B. 40.
- C. 36.
- D. 37.
Answer: C
NEW QUESTION 85
How could the structural steel drawing delay have been prevented?
- A. Release the structural steel for fabrication concurrent with review of structural steel shop drawings.
- B. Allow adequate time for review and resubmittal in the baseline schedule.
- C. Switch to post-tensioned concrete construction.
- D. Add a time buffer at the end of structural steel activities.
Answer: D
NEW QUESTION 86
What is the actual duration as of the status date or data date of Activity B?
- A. 4.
- B. 7.
- C. 0.
- D. 3.
Answer: D
NEW QUESTION 87
Using the "normal" schedule, theoretically construct a hammock for activities 6001-6003. What is the duration of the hammock?
- A. 267 days
- B. 407 days
- C. 255 days
- D. 362 days
Answer: B
NEW QUESTION 88
Time-scaled logic diagrams are
- A. Logic networks that are drawn to match the calendar.
- B. Only calculated using a computer.
- C. The same as a pure-logic diagram.
- D. Used to calculate the most probable activity duration.
Answer: A
NEW QUESTION 89
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