Jun 20, 2026 Detailed New AACE-PSP Exam Questions for Concept Clearance
AACE-PSP Exam Preparation Material with New AACE-PSP Dumps Questions.
To become a certified PSP, candidates must pass the AACE International PSP exam. AACE-PSP exam covers topics such as project planning, scheduling, progress measurement, earned value analysis, risk management, and cost estimating. AACE-PSP exam consists of 125 multiple-choice questions and must be completed within four hours.
NEW QUESTION # 70
Which of the following phases does NOT describe the commonly accepted construction life cycle?
- A. Planning and design phase.
- B. Installation phase.
- C. Claims and disputes phase.
- D. Turnover and start-up phase.
Answer: C
Explanation:
* Construction Life Cycle Phases:
Common phases: planning and design, installation (execution), and turnover/start-up.
Claims and disputes may arise during the project but are not a defined phase of the construction life cycle.
* PSP Study Guide Reference:
The study guide outlines standard phases without including claims and disputes as a formal phase.
* Conclusion: The correct answer is A, as claims and disputes are not an inherent phase of the construction life cycle.
NEW QUESTION # 71
Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:
- A. Predecessor is activity 5001, successor is activity 8001
- B. Predecessor is activity 4001, successor is activity 8001
- C. Predecessor is activity 9001, successor is activity 9002
- D. Predecessor is activity 5001, successor is activity 8002
Answer: A
NEW QUESTION # 72
Determine the correct formula and date for the late finish for Activity 9004.
- A. LS.10002 - Lag.7 - l day -> 11-20-03.
- B. LS.10002 - 1 day -> 11-27-03.
- C. LS.10002^ Lag.7 + i day -> 11-20-03.
- D. LS.10002 + 1 day -> 11-29-03.
Answer: C
NEW QUESTION # 73
Using the "normal" schedule, what is the early finish date of activity 10002 and its total float?
- A. 12-17-03 and 4 days of float
- B. 12-18-03 and 4 days of float
- C. 12-27-03 and 24 days of float
- D. 12-18-03 and 25 days of float
Answer: A
NEW QUESTION # 74
If Activity E's duration changes to 4 months, what is the overall duration of the project.
- A. 22 months.
- B. 20 months.
- C. 21 months.
- D. 19 months.
Answer: B
NEW QUESTION # 75
Is activity 7001 pictured correctly in the precedence diagram?
- A. No, the start-to-start and finish-to-finish relationships are backwards.
- B. Yes, except the early finish date is not shown.
- C. No, the total float is not shown correctly.
- D. Yes, the duration is 48 days.
Answer: D
Explanation:
* Activity Details (7001 - "Permanent Roads"):
Duration: 48 days in the Normal schedule.
Precedence Diagram Information: The schedule correctly reflects the logic and relationships as FS (Finish-to-Start) with successors.
* Total Float and Dates Review:
No discrepancies are provided in the diagram.
Early Start (ES) and Early Finish (EF) align with the planned duration and dependencies.
* Validation:
Total float is not specified as incorrect.
Early Finish dates, while not explicitly displayed, do not contradict the sequence.
Start-to-Start and Finish-to-Finish relationships are correctly oriented.
* Conclusion:
The activity is correctly represented with a duration of 48 days.
NEW QUESTION # 76
In a "crashed" schedule, which is a chain of activities that precede activity 2004?
- A. 2001, 2002, 2003, 2007
- B. 1001, 2002, 2002, 2003, 3001
- C. 1001, 2002, 2003
- D. 1001, 2001, 2002, 2003
Answer: D
Explanation:
* Crashed Schedule Predecessors to Activity 2004:
Activity 2004 (River Diversion to Pipeline) depends on completion of:
1001 (Preliminary Civil Work).
2001 (River Diversion Stage 1).
2002 (River Diversion Stage 2).
2003 (River Diversion Dam).
* Exclusion of Other Activities:
Activity 2007 is not part of the crashed schedule's direct predecessor chain.
Other options include duplicated or incorrect entries.
* PSP Study Guide Reference:
Logical sequence analysis confirms these predecessors (Ref: PSP Study Guide, Chapter 2A: Activity Sequencing and Critical Path Analysis).
NEW QUESTION # 77
What is the relationship depicted between Activity G and Activity H?
- A. You cannot tell with the supplied information.
- B. Finish-to-finish.
- C. Start-to-start.
- D. Finish-to-start.
Answer: C
NEW QUESTION # 78
The sum of all budgets for work scheduled to be accomplished within a given time period is the
____________.
- A. Budgeted cost of work scheduled (BCWS)
- B. Budgeted cost of work performed (BCWP)
- C. Budget at completion (BAC)
- D. Estimate at completion (EAC)
Answer: C
NEW QUESTION # 79
Using the "normal" schedule, theoretically construct a hammock for activities 6001-6003. What is the duration of the hammock?
- A. 362 days
- B. 255 days
- C. 407 days
- D. 267 days
Answer: A
Explanation:
* Understand the Concept of a Hammock Activity:
A hammock activity spans over multiple activities and reflects the cumulative duration from the earliest start to the latest finish of the grouped activities.
* Activities in the Hammock (6001-6003):
Activity 6001: Duration = 102 days, FS relationship with successor.
Activity 6002: Duration = 140 days, FS with 6001.
Activity 6003: Duration = 115 days, FS with 6002.
* Calculate the Duration:
Earliest Start of Activity 6001 → Latest Finish of Activity 6003.
Total duration = 102 + 140 + 115 = 362 days.
* Cross-Verification with Answer Options:
Option A: Incorrect. Overestimates.
Option C: Incorrect. Underestimates.
Option D: Incorrect. Underestimates.
Option B: Correct. Matches the calculated duration.
NEW QUESTION # 80
Which of the following is NOT required when initially planning a project?
- A. The duration of each task.
- B. Resource Identification and leveling.
- C. A schedule that identifies tasks required on a project.
- D. Logical relationships between the tasks.
Answer: B
NEW QUESTION # 81
Using the "normal" schedule, given Activity 3001 and the relationship with Activity 4001, what is indicated?
- A. These activities are concurrent with Activity 4001 starting 15 days after the start of Activity 3001.
- B. These activities are concurrent with Activity 4001 starting 15 days earlier than the start of Activity 3001.
- C. The activities occur in series with a 15-day lag.
- D. The activities run concurrently.
Answer: C
NEW QUESTION # 82
What does the narrow band at "Y" represent?
- A. A rework period
- B. A delaying event
- C. You cannot tell with the information supplied
- D. Resource limitation period
Answer: B
NEW QUESTION # 83
How much Total Float does drafting the product manual have?
- A. 10 workdays.
- B. 15 workdays.
- C. 0 workdays.
- D. 5 workdays.
Answer: A
NEW QUESTION # 84
Determine the correct formula and date for the late finish for Activity 9004.
- A. LS of 10002 less lag of 7 days plus 1 day equaling 20 Nov 2023
- B. LF of 8001 plus 72 days
- C. LF of 10002 less 24 days
- D. LS of 9004 plus 72 days
Answer: C
NEW QUESTION # 85
A good change management plan___________.
- A. is detailed during the planning phase
- B. involves only the project controls team
- C. tracks minor decisions
- D. is provided to stakeholders after it is created
Answer: A
NEW QUESTION # 86
Assumptions made during the planning stage should be_____________.
- A. replaced with facts as soon as they are known
- B. solely based on a solid experiential database
- C. a risk that is shifted to the implemented in the field
- D. clearly stated as such in an internal memo
Answer: A
Explanation:
* Assumptions in Planning:
Assumptions are placeholders until verified facts are available. Replacing them enhances schedule reliability and accuracy.
* Evaluation of Other Options:
A: Shifting risks is not a proactive solution.
C: Sole reliance on experience without verification is risky.
D: Internal memos clarify assumptions but do not replace facts.
* Verification with PSP Guidelines:
PSP emphasizes validating assumptions during the planning phase (Ref: PSP Study Guide, Chapter 1B: Planning Fundamentals).
NEW QUESTION # 87
Which of the following is least likely to affect the criticality of resources in resource planning process?
- A. Organization breakdown structure
- B. Cost estimating process output
- C. Organizational resources availability
- D. Feedback from resource optimization
Answer: B
NEW QUESTION # 88
When reconstructing a CPM schedule electronically from a hardcopy, which of the following is NOT required to determine the critical path?
- A. Predecessor and successor listing with logic type and lag duration, preferably sorted by activity ID
- B. Assigned party responsibility for each work task
- C. Tabular listing of activities showing duration, calendar ID, early and late dates
- D. Detailed listing of working days for each calendar used
Answer: B
Explanation:
To reconstruct a CPM schedule electronically and determine the critical path, the following are essential:
Detailed listing of working days for each calendar (Option A): Ensures accurate scheduling across varying work periods.
Predecessor and successor relationships (Option B): Establishes logic and dependencies.
Tabular data including early/late dates (Option D): Necessary for computing float and identifying the critical path.
Assigned party responsibility (Option C) is important for resource management but not required to calculate the critical path.
NEW QUESTION # 89
Considering the information provided for the project, what is the factor that most influences the successful crashing of the schedule?
- A. Avoiding the 2023-2024 winter/wet weather season
- B. Minimizing the indirect expenditure chargeable to the contractor
- C. Avoiding a late delivery penalty from the owner
- D. Maximizing the $500,000 bonus
Answer: C
NEW QUESTION # 90
Which activity is drawn in the incorrect position?
- A. Activity G.
- B. Activity C.
- C. Activity D.
- D. Activity E.
Answer: D
Explanation:
* Position Analysis:
Activity C (Develop Draft Plans and Specifications) has a duration of 5 months and is preceded by Activity A.
The diagram positions Activity C incorrectly since it starts simultaneously with Activity B, but Activity C should start after the completion of Activity A.
* Cross-Verification:
Based on the dependencies, Activity C's incorrect positioning violates the logical sequencing rule.
* Verification with PSP Guidelines:
Correct logic representation is critical for network diagrams (Ref: PSP Study Guide, Chapter 2A: Logical Sequencing).
NEW QUESTION # 91
What does the narrow band at "Y" represent?
- A. You cannot tell with the information supplied.
- B. A rework period.
- C. Activity inactivity.
- D. Resource limitation period.
Answer: C
NEW QUESTION # 92
Which of the following project planning situations is the most frequent contributor to cost overruns?
- A. Insufficient planning for change management
- B. Inadequate definition of scope at the estimate (budget) stage
- C. Inappropriate definition of work breakdown structure
- D. lack of detailed planning for operational start-up
Answer: B
NEW QUESTION # 93
Determine the correct formula and date for the late finish for Activity 2002.
- A. LS of 2003 less 1 day equaling to 05 Oct 2021
- B. LS of 2003 plus 1 day equaling to 07 Oct 2021
- C. LS of 2003 less 1 day equaling to 06 Nov 2021
- D. LS of 2003 less 1 day equaling to 06 Oct 2021
Answer: D
Explanation:
* Late Finish (LF) is calculated by adjusting the Late Start (LS) of the subsequent activity (2003) by the lag value.
* The formula, LS of 2003 - 1 day, aligns with CPM principles where the predecessor's LF must occur before the successor starts.
* The date calculation, considering lags and dependencies, results in 06 Oct 2021.
* Reference: PSP Study Guide, Section 2.2.4 - Relationships and Calculations, Appendix A - Sample Calculations for LF and LS relationships.
NEW QUESTION # 94
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AACE International is a non-profit professional association that provides education and certification to professionals in the project management and cost engineering fields. One of the certifications offered by AACE International is the Planning & Scheduling Professional (PSP) certification. The PSP certification is designed for professionals who specialize in planning and scheduling in the construction, engineering, and project management industries.
AACE International AACE-PSP (Planning & Scheduling Professional) Exam is a certification program that is designed to validate the skills and knowledge of individuals working in the planning and scheduling field. Planning & Scheduling Professional (PSP) Exam certification is recognized globally and is highly valued by employers in the industry. The AACE-PSP Exam covers a wide range of topics, including project planning and control, scheduling, cost management, risk management, and project communication.
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