AACE International AACE-PSP Online Practice Questions and Exam Preparation

AACE International AACE-PSP Online Questions & Answers

• Question 1:

  Which of the following are NOT considerations or constraints of the planning process for construction scheduling?

  A. Consideration of all stakeholders.
  B. Value engineering.
  C. Project variables.
  D. Interest rate of owner's construction bonds.
  D. Interest rate of owner's construction bonds.

• Question 2:

  What is the actual duration as of the status date or data date of Activity B?

  

  A. 7.
  B. 3.
  C. 0.
  D. 4.
  B. 3.

• Question 3:

  A driving relationship is _____________________.

  A. A critical relationship.
  B. A finish-to-start relationship.
  C. The link between two related activities.
  D. The link between a predecessor and the activity whose dates it controls.
  D. The link between a predecessor and the activity whose dates it controls.

• Question 4:

  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
  A. The overall project completion

• Question 5:

  In its simplest form, what is the main drawback of critical path method scheduling?

  A. It requires a backward pass to calculate late dates.
  B. It assumes that resources are unlimited.
  C. It doesn't account for interdependent between activities.
  D. It allows for Precedence Diagramming Method to be used in place of Arrow Diagramming Method.
  B. It assumes that resources are unlimited.

• Question 6:

  The activity with the most total float is:

  

  A. Activity I.
  B. Activity C.
  C. Activity F.
  D. Activity D.
  A. Activity I.

• Question 7:

  What is the free float for Activity F?

  

  A. 3 months.
  B. 0months.
  C. 1months.
  D. 2month.
  B. 0months.

• Question 8:

  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. 0 calendar days.
  B. -14 calendar days.
  C. -20 calendar days.
  D. 10 calendar days.
  B. -14 calendar days.

• Question 9:

  Which of the following project planning situations is the most frequent contributor to cost overruns?

  A. lack of detailed planning for operational start-up
  B. Insufficient planning for change management
  C. Inappropriate definition of work breakdown structure
  D. Inadequate definition of scope at the estimate (budget) stage
  D. Inadequate definition of scope at the estimate (budget) stage

• Question 10:

  What is a key first step in developing a critical path method schedule?

  A. Drawing a bar chart of the key phrases of the work.
  B. Defining the execution plan to meet the required scope of work.
  C. Setting out the resource to be used and its limitations.
  D. Drawing the logic diagram.
  D. Drawing the logic diagram.