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What is the duration, language, and format of the Planning & Scheduling Professional (PSP) Exam
- Passing score: 70%
- Language of Exam: English
- Duration of Exam: 5 hours
- Format: Multiple choice, compound, scenario questions + 1 memo writing assignment
- Total questions: 119
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 13
At a minimum, periodic reporting must be done at what interval?
- A. As requested by the owner.
- B. As specified in the contract documents.
- C. Monthly.
- D. As requested by the project manager.
Answer: B
NEW QUESTION 14
Budgeted cost of work scheduled is _______________________.
- A. The total authorized budget for accomplishing the project scope
- B. The sum of all budgets for work scheduled to be accomplished within a given time period
- C. The expected total cost of an activity, group of activities or the project
- D. The value of the completed work expressed in terms of the budget assigned to that work
Answer: C
NEW QUESTION 15
The work breakdown structure is used to organize
- A. Similar activity coding of schedule activities
- B. "Smart activity ID codes" representing similar items of scheduled work
- C. The smallest defined work packet
- D. The chart of accounts
Answer: C
NEW QUESTION 16
What is the cycle time?
- A. 6 minutes
- B. 14 minutes
- C. 17 minutes
- D. 5 minutes
Answer: C
NEW QUESTION 17
When resource leveling craft labor for a critical path schedule, the scheduler
- A. Need only consider the non-union crafts persons.
- B. Can depend on the results of the resource leveling operation to reflect a useful realignment of all schedule activities without 'further analysis.
- C. Need not consider its effects, as it is a theoretical concept with limited application to construction projects.
- D. Must consider breaks in continuity of work for subcontractors, thereby possibly incurring additional subcontractor mobilization and demobilization costs.
Answer: B
NEW QUESTION 18
Midway through the project you received an executed change order for this project, adding thirty-three days to the contract for weather delays. In its simplest form, how would your next project update display the changed condition?
- A. After Activity 1001, add a new Activity 1011 with a finish-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-start relationship to the final activity of the project.
- B. After Activity 1000, add a new Activity 1050 with a start-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-finish relationship to the final activity of the project.
- C. After Activity 1000, add a new Activity 1010 with a finish-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-start relationship to the final activity of the project.
Answer: A
NEW QUESTION 19
What activities are concurrent to Activity 2001 in the "normal" schedule?
- A. 7001.
- B. 2003.
- C. 1001.
- D. 1000.
Answer: A
NEW QUESTION 20
Scenario:
The entire network consists of the following activities and relationships. Activity A is twenty days long and is tied to Activity B, a ten-day activity, with a finish-to-finish tie with a lag value of five Activity B is tied to Activity C, a twenty-day activity, with a start-to-start relationship with a lag value of five.
PSP Activities Table
Scope Known about Rock-Filled Dam Project:
The dam requires river diversion and work over two or more rainy seasons. The contract is lump sum, competitively bid, and will be self-performed. The owner has attempted to shift all risk to the contractor by employing "no differing sit conditions" and "no damage for delay" clauses. There is a bonus/penalty provision of $2,500 per calendar day for early or late delivery. The early completion bonus is capped at $500,000, with no cap for late delivery penalty.
Liquidated damages end at the finish of demobilization. Indirect costs per calendar day are $2,800 for the
"normal" schedule and $3,200 for the "crashed" schedule. The winter/wet weather season is 151 days between October 15 and March 25 of each year, reduces the efficiency of the contractor's operations by 20% and costs the contractor $10,000 per day. Assume a start date of March 5, 2001 and use a 7-day work week.
The following table lists work activities as planned by the contractor.
Theoretically construct a summary activity for only those activities with a finish-to-start relationship for Activities 8001 through 10001. Using the "normal" schedule, what is the cost of this hammock?
- A. $307,000.
- B. $552,000.
- C. $524,000.
- D. $420,000.
Answer: B
NEW QUESTION 21
In order for a claimant to be entitled to an extension of contract time for a delay event (and further to be considered compensable):
- A. The delay must be concurrent with the delay attributable to both parties.
- B. The delay must affect the critical path.
- C. The delay must affect the contractor's planned construction schedule.
- D. The delay must not cause monetary harm to the defendant.
Answer: B
NEW QUESTION 22
Each column must be poured in one day. Each column requires 2,000 cubic feet of concrete. The lift bucket has a capacity of 40 cubic feet. How many lifts will be required per column pour?
- A. 80 lifts
- B. 5 lifts
- C. 20 lifts
- D. 50 lifts
Answer: D
NEW QUESTION 23
What is the remaining work duration of Active D?
- A. 0
- B. 4.
- C. 8.
- D. 3.
Answer: B
NEW QUESTION 24
A driving relationship is _____________________.
- A. The link between two related activities.
- B. The link between a predecessor and the activity whose dates it controls.
- C. A finish-to-start relationship.
- D. A critical relationship.
Answer: B
NEW QUESTION 25
These are the activities on the critical path:
- A. A, C, E, & H.
- B. A, B, G, & H.
- C. A, B, F, & J
- D. A, D, & I.
Answer: B
NEW QUESTION 26
For the late finish for Activity 11001, select the most appropriate response for transitioning from the forward pass.
- A. EF.11001.
- B. LS.11001 + 25 days.
- C. EF.11001 + 1 day.
- D. 02-19-04.
Answer: D
NEW QUESTION 27
If no time extensions are granted and all actual delays are as described above, what will the total float calculation be at the end of the project?
- A. -14 calendar days.
- B. 10 calendar days.
- C. -20 calendar days.
- D. 0 calendar days.
Answer: A
NEW QUESTION 28
Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:
- A. Predecessor is activity 4001, successor is activity 8001
- B. Predecessor is activity 9001, successor is activity 9002
- C. Predecessor is activity 5001, successor is activity 8002
- D. Predecessor is activity 5001, successor is activity 8001
Answer: D
NEW QUESTION 29
What method offers the best chance of the schedule being used effectively to implement the project in the field?
- A. Include detailed and stringent set of scheduling specifications in the contract.
- B. Obtain consent and agreement to the schedule from the key project personnel.
- C. Issue detailed schedule updates as frequently as possible.
- D. Allow large time contingencies on milestones and completion deadlines.
Answer: B
NEW QUESTION 30
Which of the following documents is most likely to be of the LEAST value to a planner/scheduler when planning a contractor's baseline critical path schedule for the construction of a large high-clearance bridge located very near an airport? The contractor has been awarded the contract.
- A. The government's report on future high-clearance bridge projects
- B. The project plans and specifications
- C. The project geotechnical report
- D. The regulations published by the government aviation agency
Answer: A
NEW QUESTION 31
Determine the driving activity for Activity 10001.
- A. There is no driving activity for Activity 10001 in the backward pass.
- B. Activity 10002.
- C. Activity 11001.
- D. Activity 9005.
Answer: B
NEW QUESTION 32
What is the workweek period for this project?
- A. Monday through Saturday
- B. Sunday through Friday
- C. Sunday through Saturday
- D. Monday through Friday
Answer: C
NEW QUESTION 33
If drafting of the product manual overruns its planned duration by 5 days, how many days may the manufacturing be delayed without affecting release of the product?
- A. 10 days.
- B. 5 days.
- C. 0 days.
- D. 15 days.
Answer: C
NEW QUESTION 34
Assuming that you had only one crane capable of 30 lifts per day, 3 column pours requiring 28 lifts each, plus associated assorted work requiring an additional 150 lifts, what is the minimum planned working duration for this work?
- A. 8 work days
- B. 15 workdays
- C. 18 work days
- D. 7 work days
Answer: A
NEW QUESTION 35
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