[Sep 29, 2025] AACE-PSP Test Prep Training Practice Exam Questions Practice Tests [Q37-Q58]

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[Sep 29, 2025] AACE-PSP Test Prep Training Practice Exam Questions Practice Tests

Exam Questions Answers Braindumps AACE-PSP Exam Dumps PDF Questions

The AACE-PSP certification exam is designed to assess the knowledge and skills of individuals who are involved in project scheduling and planning. AACE-PSP exam covers a range of topics, including project planning and scheduling, cost estimating and budgeting, risk management, and project control. Planning & Scheduling Professional (PSP) Exam certification process requires candidates to have at least four years of industry experience and a bachelor’s degree or equivalent work experience.

NO.37 An earned value-based project control system can use either of which two budgets as the basis of its calculations?

Labor hours or dollars.

Direct or indirect cost.

Earned or budgeted cost yearly.

Linear feet or dollars.

NO.38 What problems can a soils engineer deal with on a project?

Survey error.

Hidden subsurface conditions.

Archeological findings.

Toxic soils.

NO.39 Which of the following is NOT true?

Remaining durations can exceed original durations.

Constraints can interfere with the longest path calculation.

Multiple calendars can affect the total float calculation.

A network must contain only one Critical Path.

NO.40 Which of the following is NOT required when initially planning a project?

Resource Identification and leveling.

The duration of each task.

A schedule that identifies tasks required on a project.

Logical relationships between the tasks.

NO.41 What is accurate about Activity 7001 in the precedence diagram?

The successor FF lag from 7001 to 11001 is not shown

The LF is correct

The TF is not calculated correctly

The LF is not correct

NO.42 Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:

Predecessor is activity 5001, successor is activity 8001

Predecessor is activity 4001, successor is activity 8001

Predecessor is activity 9001, successor is activity 9002

Predecessor is activity 5001, successor is activity 8002

NO.43 Select the most appropriate explanation for use of a winter/wet weather seasonal calendar for use in this project?

to highlight a time when there are more holidays and work therefore will be slower and there will be more absenteeism

to denote a time during which work may not progress as fast as planned and cost and risk may be elevated

to provide a key to co-a weather for safety meetings

to show a difference in the calendar year

NO.44 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 the company’s board of directors for its consideration. What document or resource is likely to be MOST valuable in determining the schedule’s work activity durations?

Industry publications.

Critical path schedules prepared by you for similar completed projects.

The Petrochemical Industry New Plant Task Duration Handbook.

The cost estimate for the plant prepared by your firm’s estimating department.

NO.45 These are the activities on the critical path:

A, D, & I.

A, C, E, & H.

A, B, G, & H.

A, B, F, & J

NO.46 Which of the following statements is true?

In the absence of contrary contractual language network float, as opposed to project float, there is a shared commodity between the owner and contractor

In the absence of a contrary contractual language total float, as opposed to free float, there is a commodity belonging to the contractor

In the absence of contrary contractual language total float, as opposed to tree float, there is a commodity belonging to the owner

In the absence of contrary contractual language free float, as opposed to project float, there is not a shared commodity between the owner and the contractor

NO.47 Constraints control events or activities that __________________.

Affect only the forward pass.

Are not based on project relationships.

Affect only the backward pass.

May be over-ridden by activity logic.

NO.48 Budgeted cost of work scheduled is _______________________.

The value of the completed work expressed in terms of the budget assigned to that work

The total authorized budget for accomplishing the project scope

The expected total cost of an activity, group of activities or the project

The sum of all budgets for work scheduled to be accomplished within a given time period

NO.49 How many work days does it take to move the product from testing to sale?

60.

70.

100.

90.

NO.50 Using the “normal” schedule, if you start Activity 7001 on April 1, 2002, and using a 5-day workweek, what the finish date for Activity 7001?

06-11-02.

06-04-02.

06-18-02.

06-05-02.

NO.51 Assuming a total of 30 lifts per crane per day, what is the maximum number of lifts that could be accomplished using 3 small tower cranes over a 5-day period?

450 lifts

300 lifts

45 lifts

150 lifts

NO.52 Which of the following is NOT required when performing weekly or monthly schedule updates?

Percent complete.

Remaining duration of activities.

Actual finish of activities.

Original duration of activities.

NO.53 Determine the correct formula and date for the late start for Activity 9001.

The early finish is required in order to determine the answer.

LS.6001 Dur.6001 -> 11-20-02.

There is insufficient data provided to calculate the answer.

LF.9001 Dur.9001 -> 11-20-02.

NO.54 Using the “crashed” schedule, if you start Activity 2002 on August 12, 2001, what is the finish date for Activity 2002?

09-28-01.

09-08-01.

09-15-01.

09-18-01.

NO.55 If the administrative constraints for developing the precedence diagram, as provided in the contract documents, indicate that no individual construction activities shall have a longer duration of two months, how many activities in the “normal” schedule would be affected?

12.

14.

13.

Cannot be determined.

NO.56 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?

8 days

6 days

4 days

5 days

NO.57 Project delays are best analyzed

After either the contractor or the owner acknowledges ^responsibility for the delay.

Contemporaneously with the delay.

By an expert after the project is finished when complete records are available and the impact is known.

Late in the project.

NO.58 Identify the late finish to develop plans and specs.