AACE International AACE International Certifications AACE-PSP Questions & Answers

• Question 1:

  Determine the correct formula and date for the late finish for Activity 2001.

  A. LF.2001 - 1 day -> 08-28-01.

  B. LS.2002- 1 day-> 08-29-01.

  C. LS.2002 + 1 day -> 08-30-01.

  D. LS.2002 - 1 day -> 08-28-01.

  Correct Answer: D

• Question 2:

  Why does activity 1001 have two successor activities?

  A. Because the late finish of 1001 and the late start of 7001 require two successors

  B. Because the problem could not effectively work with only one successor

  C. Because there are two defined logic paths for the work

  D. Because the duration of activities 2001, 2002 and 200.f require two successors

  Correct Answer: C

• Question 3:

  Constraints 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.

  Correct Answer: D

• Question 4:

  An earned value-based project control system can use either of which two budgets as the basis of its calculations?

  A. Labor hours or dollars.

  B. Direct or indirect cost.

  C. Earned or budgeted cost yearly.

  D. Linear feet or dollars.

  Correct Answer: C

• Question 5:

  Crane operators require 1 hour prep and 1 hour clean-up and inspection per day. There is only 1 crane operator allocated per crane. Crane operators are not allowed to work more than 8 hours a day. Lunchtime break lasts 1 hour. Assuming a 10 minute cycle time, how many lifts per day can be expected?

  

  A. 36 lifts

  B. 24 lifts

  C. 30 lifts

  D. 48 lifts

  Correct Answer: A

• Question 6:

  Which is NOT an industry-recognized methodology for quantifying critical delay?

  A. Gantt Chart.

  B. Periodic Windows.

  C. Collapsed As-Built.

  D. Time Impact.

  Correct Answer: A

• Question 7:

  What method would be the best way to determine the most likely as-built critical path of a project 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 schedule is usually inadequate.

  D. Use the forward-looking critical path of the most current updates.

  Correct Answer: D

• Question 8:

  Activity 1001 started on the scheduled date but has slipped 10 days. Activity 10002 will slip 35 days. All remaining activities retain their original duration. What is the revised completion date?

  A. 02-19-04

  B. 03-21-04

  C. 03-11-04

  D. 03-20-04

  Correct Answer: C

• Question 9:

  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?

  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.

  Correct Answer: B

• Question 10:

  Which of the following phases does NOT describe the commonly accepted construction life cycle?

  A. Claims and disputes phase.

  B. Installation phase.

  C. Planning and design phase.

  D. Turnover and start-up phase.

  Correct Answer: C