AACE International AACE-PSP Online Practice Questions and Exam Preparation

AACE International AACE-PSP Online Questions & Answers

• Question 11:

  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.
  D. May be over-ridden by activity logic.

• Question 12:

  Each of the following accurately describes total float in a schedule EXCEPT:

  A. The amount of time an activity can be delayed without delaying the overall project completion time.
  B. Can be positive or negative.
  C. The amount of time an activity can be delayed without delaying the start or occurrence of any other activity or event in the network.
  D. Computed for an activity by subtracting its early finish from its late finish, or its early start from its late start.
  C. The amount of time an activity can be delayed without delaying the start or occurrence of any other activity or event in the network.

• Question 13:

  In analyzing a logical chain of activities in a critical path method (CPM) schedule, what do differing total float values within that chain typically indicate?

  A. The schedule has too much detail to reflect an accurate critical path.
  B. Different calendars are assigned to certain activities in the logical chain.
  C. The schedule is projecting an "early completion".
  D. Certain activities in the critical path have no successors.
  D. Certain activities in the critical path have no successors.

• Question 14:

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

• Question 15:

  As a change to the network for the current update, activity 6002 is required to begin ten days after the beginning of activity 6001. Which is the simplest logic organization?

  

  A. A start-to-start relationship with a ten-day lag assigned to activity 6001; activity 6002 will be dependent on activity 6001
  B. A start-to-start to relationship for both activities 6001 and 6002 with a ten-day lag assigned to activity 6002.
  C. A start-to-finish relationship with both activities 6001 and 6002 having a ten-day lag
  D. A finish-to-start relationship with a ten-day lag assigned to activity 6002; activity 6001 will be dependent on activity 6002
  D. A finish-to-start relationship with a ten-day lag assigned to activity 6002; activity 6001 will be dependent on activity 6002

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  Explanation/Reference:

• Question 16:

  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.

• Question 17:

  Of the following update procedures, which is the least important in achieving an accurate forecast for completion of a construction schedule?

  A. Estimating remaining durations of activities.
  B. The correct recording of actual start dates.
  C. Making "downstream" logic revisions as required.
  D. Entering the time impacts of delays and change orders.
  C. Making "downstream" logic revisions as required.

• Question 18:

  If Activity E's duration changes to 4 months, what is the overall duration of the project.

  

  A. 19 months.
  B. 20 months.
  C. 22 months.
  D. 21 months.
  B. 20 months.

• Question 19:

  How many work days does it take to move the product from testing to sale?

  

  A. 60.
  B. 70.
  C. 100.
  D. 90.
  C. 100.

• Question 20:

  Theoretically construct a summary activity for activities 2001 through 2004. Using the "normal" schedule, what is the cost of the hammock?

  

  A. $271,000
  B. $299,000
  C. $139,000
  D. $289,000
  D. $289,000

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  Explanation/Reference: