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AACE AACE-PSP Sample Question Answers
Question # 1
All the following describe the critical path of a schedule EXCEPT:
A. Determined by network logic and is the chain of activities that controls the overall projectcompletion time. B. Frequently defined as the shortest path through the schedule. C. Changed by redefining the network logic or changing activity durations or both. D. The series of activities having the least amount of total float.
Answer: B
Question # 2
Which is NOT an industry-recognized methodology for quantifying critical delay?
A. Gantt Chart. B. Periodic Windows. C. Collapsed As-Built. D. Time Impact.
Answer: A
Question # 3
The Cost Estimate is NOT developed to:
A. quantify cost, and price the resources required by the Scope of Work B. predict uncertain future costs C. providing the basis for budgets D. determine the project performance goals
Answer: D
Question # 4
An earned value-based project control system can use either of which two budgets as thebasis of its calculations?
A. Labor hours or dollars. B. Direct or indirect cost. C. Earned or budgeted cost yearly. D. Linear feet or dollars.
Answer: A
Question # 5
The EBS is established by:
A. The contractor s planning and scheduling office B. The government entity with the authority to approve/stop the work C. The entity with the authority to fund and direct the enterprise D. The contractors and subcontractors
Answer: C
Question # 6
Activity C is a
A. Contentious activity. B. Continuous activity. C. 1-day activity. D. Milestone.
Answer: D
Question # 7
Using the normal schedule, theoretically construct a hammock for activities 6001-6003.What is the duration of the hammock?
A. 407 days B. 255 days C. 267 days D. 477 days
Answer: C
Question # 8
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 thecompany's board of directors for its consideration. What document or resource is likely tobe MOST valuable in determining the schedule's work activity durations?
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.
Answer: B
Question # 9
The amount of time that an activity can be delayed from its early start date without delayingproject completion is called:
A. Negative float. B. Free float. C. Total float. D. Interfering float.
Answer: C
Question # 10
The linear scheduling velocity diagram has the following two-axis:
A. Location and crew size B. Time and location C. Time and rate of progress D. Time and crew size
Answer: B
Question # 11
What method would be the best way to determine the most likely as-built critical path of aproject that is underway, and the schedule of which has been partially progressed?
A. Use the progressed portion of the critical path of all the updates previous to the current
update. B. Use the progressed portion of the critical path of the baseline schedule. C. Interview the project personnel for their perceptions and opinions because the scheduleis usually inadequate. D. Use the forward-looking critical path of the most current updates.
Answer: D
Question # 12
Using the normal schedule, what is the owner's total cost of the project?
A. S13.990.600 B. S12.990.000 C. S13.102.900 D. S12.953.600
Answer: B
Question # 13
Which of the following is the most important scheduling consideration for the BILCOcontractual scope?
A. Logical phasing lies B. Update frequency C. Conforming CPM schedule to SDOT standards D. Cost loading
Answer: A
Question # 14
Total float is defined as the amount of time an activity can be delayed without impacting
A. The overall project completion B. The buoyancy of a successor activity C. The next activity D. The end of that activity
Answer: A
Question # 15
What problems can a soils engineer deal with on a project?
A. Survey error. B. Hidden subsurface conditions. C. Archeological findings. D. Toxic soils.
Answer: B
Question # 16
Which of the following types of delay will NOT result in a time extension and additionalcompensation for a contractor?
A. Non-excusable delay B. Compensable delay C. Non-compensable delay D. Excusable delay
Answer: A
Question # 17
The best source of project risk or opportunities is:
A. A similar project in another state B. Rumors from the local Chamber of Commerce C. Failures by other contractors D. Internal and external stakeholders
Answer: D
Question # 18
The expected remaining cost needed to complete an activity, group of activities or theproject is the____________.
A. Budget at completion (BAC) B. Budgeted cost of work performed (BCWP) C. Estimate to complete (ETC) D. Estimate at completion (EAC)
Answer: C
Question # 19
How many workdays occur from the start of the Product Testing to the Product Availablemilestone?
A. 70 B. 100 C. 60 D. 90
Answer: B
Question # 20
What method offers the best chance of the schedule being used effectively to implementthe project in the field?
A. Issue detailed schedule updates as frequently as possible. B. Obtain consent and agreement to the schedule from the key project personnel. C. Include detailed and stringent set of scheduling specifications in the contract. D. Allow large time contingencies on milestones and completion deadlines.
Answer: B
Question # 21
When should the Project Plan have incorporated the relevant interfaces and requirementsof the project contract documents?
A. During the Bid Phase B. Before the commercial decision to bid on the project C. Af1er the award and before the NTP D. After the NTP
Answer: B
Question # 22
Each of the following accurately describes total float in a schedule EXCEPT:
A. The amount of time an activity can be delayed without delaying the overall projectcompletion time. B. Can be positive or negative. C. The amount of time an activity can be delayed without delaying the start or occurrenceof any other activity or event in the network. D. Computed for an activity by subtracting its early finish from its late finish, or its early startfrom its late start.
Answer: C
Question # 23
Schedule forecasts are periodically conducted to project the project schedule performanceat completion Which of the following situations would probably result in an incorrectforecast?
A. The cost variance B. The profit or loss for the project C. The variance at completion D. The schedule variance
Answer: B
Question # 24
: 20Constraints control events or activities that __________________.
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.
Answer: B
Question # 25
Which of the following documents is most likely to be of the LEAST value to aplanner/scheduler when planning a contractor's baseline critical path schedule for theconstruction of a large high-clearance bridge located very near an airport? The contractorhas been awarded the contract.
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
Answer: D
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