AACE AACE-PSP Exam Dumps

Planning & Scheduling Professional (PSP) Exam

942 Reviews

Exam Code	AACE-PSP
Exam Name	Planning & Scheduling Professional (PSP) Exam
Questions	216 Questions Answers With Explanation
Update Date	January 15,2026
Price	Was : $81 Today : $45 Was : $99 Today : $55 Was : $117 Today : $65

Add To Cart

Demo Questions

Question # 1

If after calculating a schedule an activity exhibits negative total float, which of the followingis certain? The activity

A. Is a milestone.  
B. It is on the critical path.  
C. Was completed in the past.  
D. Has yet to be completed.  

Show Answer

Question # 2

You are providing construction management services for a small office building project.Your duties include reviewing and approving the contractor's baseline schedule. Thecontractor has submitted the first baseline schedule for the project.The contractor has included codes for each activity that identify {1) the category of workand (2) the trade/subcontract performing the work. What can this code information be usedfor?

A. Group schedule activities together based on their start dates  
B. Display detailed information regarding the sequencing of activities in the schedule  
C. Organize reports to group related work activities  
D. Display resources me contractor plans to use on each activity  

Show Answer

Question # 3

When are project planning and scheduling specifications established? 

A. Before me NTP  
B. Before the tendering documents are finalized  
C. After the bid price is accepted  
D. During the bidding process  

Show Answer

Question # 4

The BEST reason to use multiple calendars is to: 

A. more accurately show how the project will be built  
B. allow each specialty contractor to have a unique schedule of work/non-work periods  
C. track owner activities according to their specific calendar in order to develop a goodworking relationship 
D. evaluate float for the benefit of the contractor  

Show Answer

Question # 5

Value engineering is: 

A. targeted at the design itself  
B. intended to provide the least life-cycle cost  
C. established to provide the greatest value  
D. intended to determine if the project will be completed economically  

Show Answer

Question # 6

When using a detailed estimate as the basis for work package/activity durations, whichelement does NOT need to be identified before the activity durations can be calculated?

A. Projected crew size  
B. Estimated labor hours  
C. Hours in a standard work day  
D. Estimated cost  

Show Answer

Question # 7

If a detailed estimate is NOT available to assist in the formulation of activity durations butunit quantities have been identified, what information can be utilized to estimate workpackage/activity durations?

A. The Eichleay formula  
B. Historical production rates  
C. Time impact analysis  
D. Black-Scholes model  

Show Answer

Question # 8

The project goals_________. 

A. are the foundation for breakdown structures  
B. are defined independent of any external stakeholder opinions  
C. quantify performance and interface requirements  
D. consider all aspects of the project  

Show Answer

Question # 9

The addition of which of the following relationships would cause a logic loop? 

A. O H - D  
B. O C - J  
C. O F-I  
D. O l-C  

Show Answer

Question # 10

Free float is the 

A. Difference between the early dates and late dates of an activity.  
B. Amount of time the early start of an activity can be delayed without impacting the earlystart of the successor activity. 
C. Difference between the early finish dates and late finish dates of an activity.  
D. Difference In float value of the critical path activities and the float value of the specificactivity being analyzed. 

Show Answer

Question # 11

Which statement is true? 

A. Where compensability cannot be established, excusability is assumed.  
B. Where compensability can be established, excusabltity cannot be assumed.  
C. Where compensability cannot be established, excusability is a given.  
D. Where compensability can be established, excusability is assumed.  

Show Answer

Question # 12

The congested site only has room for 3 cranes to operate concurrently. Only 1.75 cubicyard ICY] or1.34 cubic meter [CM] concrete buckets are available. Each crane can performup to 35 lifts per day. Assuming a total of 30 lifts per crane pet day. what is the maximumvolume of concrete that could be placed using 3 small tower cranes over a 5-day period?

A. 263 CY  
B. 368 CM  
C. 201 CY  
D. 306 CY  

Show Answer

Question # 13

For which of these delays should an owner grant a time extension? 

A. Structural steel shop drawings.  
B. Shop drawings and centrifuge delay.  
C. Differing site conditions at parking structure.  
D. Differing site conditions and centrifuge delay.  

Show Answer

Question # 14

Prior to the start of work, Management determined the need to make the Product available10 workdays earlier than planned. Which activities need to be expedited?  

A. Product Testing. Manufacture Product and Package Product  
B. Product Testing and Manufacture Product  
C. Draft Product Manual. Proof Product Manual, and Print Product Manual  
D. Release tor Manufacture and Product Available  

Show Answer

Question # 15

In analyzing a logical chain of activities in a critical path method (CPM) schedule, what dodiffering total float values within that chain typically indicate?

A. The schedule has too much detail to reflect an accurate critical path.  
B. Different calendars are assigned to certain activities in the logical chain.  
C. The schedule is projecting an "early completion".  
D. Certain activities in the critical path have no successors.  

Show Answer

Question # 16

You are retained by a contractor who asks you to perform a simple as-planned versus asbuilt analysis (APAB) of a large hydro-electric dam project that took more than five years tocomplete. Your analysis will form the basis of a change order that requests a timeextension. You suggest using a different methodology for quantifying the delay. Which ofthe following reasons for recommending a different analysis does NOT apply to a simpleAPAB analysis?

A. Not suitable for complicated projects with multiple planned critical paths.  
B. Accuracy is increased by inserting delaying events into the as-planned schedule.  
C. Not suitable for projects with long durations.  
D. Less accurate as the analysis advances through the project.  

Show Answer

Question # 17

Which of the following is NOT true? 

A. Remaining durations can exceed original durations.  
B. Constraints can interfere with the longest path calculation.  
C. Multiple calendars can affect the total float calculation.  
D. A network must contain only one Critical Path.  

Show Answer

Question # 18

Scenario: You are providing construction management services for a small office buildingproject. Your duties include reviewing and approving the contractor's baseline schedule.The contractor has submitted the first baseline schedule for the project.The contractor's baseline schedule submittal includes a bar chart, but no CPM diagram.Which of the following is the most significant shortcoming to using a bar chart to review thebaseline?

A. A bar chart cannot accurately reflect the impact of changes in durations or logic to thebaseline 
B. A bar chart is always an oversimplified view of the project schedule  
C. A tor chart does not show all the activities required to construct the project  
D. A bar chart does not show whether the project with be completed within the allowable time 

Show Answer

Question # 19

EBS is an acronym for: 

A. Elongated Budget Synopsis  
B. European Basic Schedule  
C. Enterprise Breakdown Structure  
D. Eventual Base Structure  

Show Answer

Question # 20

Determine the correct formula and date for the late finish for Activity 6002. 

A. LS of 6003 plus 1 day equaling 09 Mar 2023  
B. LS of 6003 less 1 day equaling 09 Mar 2022  
C. LS of 6003 less 1 day equaling 09 Mar 2023  
D. LS of 6003 plus 1 day equaling 09 Mar 2022  

Show Answer

Question # 21

When reconstructing a CPM schedule electronically from a hardcopy, which of the followingis NOT required to determine the critical path?

A. Detailed listing of working days for each calendar used  
B. Predecessor and successor listing with logic type and lag duration, preferably sorted byactivity ID 
C. Assigned party responsibility for each work task  
D. Tabular listing of activities showing duration, calendar ID, early and late dates  

Show Answer

Question # 22

Prior to the beginning work on Activity 6001, the scope is changed by executed changeorder to increase the activity duration by thirty days and rock fill by 100.000 cubic meters Ifthe project has progressed as scheduled up to the point of the executed change order,what activities would be changed on the next project update?

A. 1001 and 6001  
B. 1000. 1001. and 6001  
C. 9001 and 6002 and 6002  
D. 1000 and 6001  

Show Answer

Question # 23

What day would Activity C complete if the duration of Activity A was reduced by five days? 

A. 35  
B. 30  
C. 45  
D. 40  

Show Answer

Question # 24

The work breakdown structure is used to organize 

A. "Smart activity ID codes" representing similar items of scheduled work  
B. The chart of accounts  
C. Similar activity coding of schedule activities  
D. The smallest defined work packet  

Show Answer

Question # 25

Scenario: You are providing construction management services for a small office buildingproject. Your duties include reviewing and approving the contractor's baseline schedule.The contractor has submitted the first baseline schedule for the project.The contractor subsequently submits a CPM schedule for its baseline schedule submittal.As part of your review, you look at the durations for each activity in the schedule. How doyou determine if a duration of 10 work days for drywall installation is accurate?

A. The duration for drywall installation should De proportional to how critical the activity is  
B. Review the drywall quantity, methods and location with the project superintendent todetermine a reasonable duration 
C. Review the location of drywall work in the contract drawings  
D. Divide the quantity of drywall by the construction crew's dairy production rate for this work 

Show Answer