AACE International AACE International Certifications AACE-PSP Questions & Answers

• Question 11:

  What method offers the best chance of the schedule being used effectively to implement the project in the field?

  A. Issue detailed schedule updates as frequently as possible.

  B. Obtain consent and agreement to the schedule from the key project personnel.

  C. Include detailed and stringent set of scheduling specifications in the contract.

  D. Allow large time contingencies on milestones and completion deadlines.

  Correct Answer: B

• Question 12:

  Estimate to complete (ETC) is __________________.

  A. The expected remaining cost needed to complete an activity, group of activities or the project

  B. The costs actually incurred in accomplishing the work performed

  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

  Correct Answer: A

• Question 13:

  Which of the following is NOT input data to the construction planning process?

  A. Input from the owner

  B. The contract

  C. Bonding capacity of subcontractors

  D. Input from the contractor

  Correct Answer: C

• Question 14:

  Activity durations are normally estimated in an intuitive and subjective way. All of the following will improve duration accuracy EXCEPT

  A. Use gross building square footages. The pluses and minuses all average out.

  B. Look at each activity independently and don't follow specific logic paths when assigning activity durations.

  C. Divide activities into smaller activities. This will increase activity detail and duration estimate accuracy.

  D. Use the people responsible for performing the work as a resource to assign activity durations.

  Correct Answer: A

• Question 15:

  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 affect the critical path.

  B. The delay must be concurrent with the delay attributable to both parties.

  C. The delay must not cause monetary harm to the defendant.

  D. The delay must affect the contractor's planned construction schedule.

  Correct Answer: A

• Question 16:

  The amount of time that an activity can be delayed from its early start date without delaying project completion is called

  A. Negative float.

  B. Free float.

  C. Total float.

  D. Interfering float.

  Correct Answer: C

• Question 17:

  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?

  A. 06-11-02.

  B. 06-04-02.

  C. 06-18-02.

  D. 06-05-02.

  Correct Answer: D

• Question 18:

  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?

  A. 12.

  B. 14.

  C. 13.

  D. Cannot be determined.

  Correct Answer: A

• Question 19:

  These are the activities on the critical path: A. A, D, and I.

  

  B. A, C, E, and H.

  C. A, B, G, and H.

  D. A, B, F, and J

  Correct Answer: C

• Question 20:

  Under which circumstance should one perform resource-leveling calculations?

  A. When the contract contains a provision for float-banking.

  B. When you believe that known resource limitations may override schedule logic.

  C. Never, unless required by the contract.

  D. When the schedule is resource-loaded.

  Correct Answer: B