AACE International AACE-PSP Online Practice Questions and Exam Preparation

AACE International AACE-PSP Online Questions & Answers

• Question 51:

  Which of the following types of delay will NOT result in a time extension and additional compensation for a contractor?

  A. Non-excusable delay
  B. Compensable delay
  C. Non-compensable delay
  D. Excusable delay
  C. Non-compensable delay

• Question 52:

  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.
  C. Total float.

• Question 53:

  Budgeted cost of work scheduled is _______________________.

  A. The value of the completed work expressed in terms of the budget assigned to that work
  B. The total authorized budget for accomplishing the project scope
  C. The expected total cost of an activity, group of activities or the project
  D. The sum of all budgets for work scheduled to be accomplished within a given time period
  C. The expected total cost of an activity, group of activities or the project

• Question 54:

  What does the heavy, vertical line at "X" represent?

  

  A. Delay fault line.
  B. The status or data date.
  C. Change-over limits.
  D. International Date Line.
  B. The status or data date.

• Question 55:

  What is the remaining work duration of Active D?

  

  A. 4.
  B. 11
  C. 8.
  D. 3.
  A. 4.

• Question 56:

  When resource leveling craft labor for a critical path schedule, the scheduler

  A. Must consider breaks in continuity of work for subcontractors, thereby possibly incurring additional subcontractor mobilization and demobilization costs.
  B. Can depend on the results of the resource leveling operation to reflect a useful realignment of all schedule activities without 'further analysis.
  C. Need not consider its effects, as it is a theoretical concept with limited application to construction projects.
  D. Need only consider the non-union crafts persons.
  B. Can depend on the results of the resource leveling operation to reflect a useful realignment of all schedule activities without 'further analysis.

• Question 57:

  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.
  C. Planning and design phase.

• Question 58:

  Using the "normal" schedule, theoretically construct a hammock for activities 2001 through 2004. What is the duration of the hammock?

  

  A. 91 days
  B. 183 days
  C. 193 days
  D. 168 days
  B. 183 days

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  Explanation/Reference:

• Question 59:

  What is the cycle time?

  

  A. 5 minutes
  B. 17 minutes
  C. 14 minutes
  D. 6 minutes
  B. 17 minutes

• Question 60:

  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.
  B. Critical path schedules prepared by you for similar completed projects.