AACE International AACE-PSP Online Practice Questions and Exam Preparation

AACE International AACE-PSP Online Questions & Answers

• Question 21:

  During proofing of the product manual, a problem was discovered requiring 15 days additional time to effect a correction. How can the date of availability be maintained?

  

  A. Delay product release by 5 days.
  B. Expedite packaging by 5 days.
  C. Expedite printing by 5 days.
  D. Delay manufacturing by 5 days.
  A. Delay product release by 5 days.

• Question 22:

  Project schedules help control all of the following EXCEPT for_____________________.

  A. Quality
  B. Cost
  C. Resources
  D. Time
  A. Quality

• Question 23:

  Determine the correct formula and date for the late finish for Activity 2002.

  

  A. LS.2003 - 1 day -> 11.06.01.
  B. LS.2003 - 1 day -> 10-06-01.
  C. LS.2003 + 1 day -> 10-07-01.
  D. LS.2003 - 1 day -> 10-05-01.
  D. LS.2003 - 1 day -> 10-05-01.

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  Explanation/Reference:

• Question 24:

  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
  A. 36 lifts

• Question 25:

  The entire network consists of the following activities and relationships. Activity A is twenty days long and is tied to Activity B, a ten-day activity, with a finish-to-finish tie with a lag value of five Activity B is tied to Activity C, a twenty-day activity, with a start-to-start relationship with a lag value of five.

  

  PSP Activities Table Scope Known about Rock-Filled Dam Project: The dam requires river diversion and work over two or more rainy seasons. The contract is lump sum, competitively bid, and will be self-performed. The owner has attempted to shift all risk to the contractor by employing "no differing sit

  conditions" and "no damage for delay" clauses. There is a bonus/penalty provision of $2,500 per calendar day for early or late delivery. The early completion bonus is capped at $500,000, with no cap for late delivery penalty.

  Liquidated damages end at the finish of demobilization. Indirect costs per calendar day are $2,800 for the "normal" schedule and $3,200 for the "crashed" schedule. The winter/wet weather season is 151 days between October 15 and March

  25 of each year, reduces the efficiency of the contractor's operations by 20% and costs the contractor $10,000 per day. Assume a start date of March 5, 2001 and use a 7-day work week.

  The following table lists work activities as planned by the contractor.

  

  Theoretically construct a summary activity for only those activities with a finish-to-start relationship for Activities 8001 through 10001. Using the "normal" schedule, what is the cost of this hammock?

  A. $420,000.
  B. $307,000.
  C. $524,000.
  D. $552,000.
  D. $552,000.

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  Explanation/Reference:

• Question 26:

  Time-scaled logic diagrams are

  A. Only calculated using a computer.
  B. The same as a pure-logic diagram.
  C. Used to calculate the most probable activity duration.
  D. Logic networks that are drawn to match the calendar.
  D. Logic networks that are drawn to match the calendar.

• Question 27:

  Which of the following will always describe the critical path? The path with

  A. The longest duration through the network.
  B. Zero float.
  C. Negative float.
  D. The shortest duration and negative float.
  B. Zero float.

• Question 28:

  At a minimum, periodic reporting must be done at what interval?

  A. Monthly.
  B. As requested by the project manager.
  C. As requested by the owner.
  D. As specified in the contract documents.
  D. As specified in the contract documents.

• Question 29:

  What problems can a soils engineer deal with on a project?

  A. Survey error.
  B. Hidden subsurface conditions.
  C. Archeological findings.
  D. Toxic soils.
  B. Hidden subsurface conditions.

• Question 30:

  Identify the late finish to develop plans and specs.

  

  A. 9 months.
  B. 10 months.
  C. 8 months.
  D. 7 months.
  A. 9 months.