AACE International AACE International Certifications AACE-PSP Questions & Answers

• Question 71:

  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.

  Correct Answer: B

• Question 72:

  What owner action could have mitigated the late completion of the project?

  A. Hire a more senior project manager.

  B. Self-perform more of the work.

  C. Use a procurement agent to monitor and expedite equipment deliveries.

  D. Prepare better structural steel drawings.

  Correct Answer: C

• Question 73:

  Scenario:

  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.

  Correct Answer: D

• Question 74:

  Which of the following is NOT a tool or technique used to perform scope planning?

  A. Benefit cost analysis.

  B. Schedule performance indexing.

  C. Expert Judgment.

  D. Alternatives identification.

  Correct Answer: B

• Question 75:

  An early start constraint dictates

  A. An activity's remaining duration.

  B. The planned start of a successor activity

  C. The planned start of an activity.

  D. The actual start of an activity.

  Correct Answer: B

• Question 76:

  Each column must be poured in one day. Each column requires 2,000 cubic feet of concrete. The lift bucket has a capacity of 40 cubic feet. How many lifts will be required per column pour?

  

  A. 80 lifts

  B. 50 lifts

  C. 5 lifts

  D. 20 lifts

  Correct Answer: B

• Question 77:

  Midway through the project you received an executed change order for this project, adding thirty-three days to the contract for weather delays. In its simplest form, how would your next project update display the changed condition?

  A. After Activity 1000, add a new Activity 1050 with a start-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-finish relationship to the final activity of the project.

  B. After Activity 1000, add a new Activity 1010 with a finish-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-start relationship to the final activity of the project.

  C. After Activity 1001, add a new Activity 1011 with a finish-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-start relationship to the final activity of the project.

  Correct Answer: C

• Question 78:

  What is the result of a forward pass calculation?

  A. Value of total float for individual activities

  B. Early start and early finish date for individual activities

  C. Value of free float for individual activities

  D. Critical path

  Correct Answer: B

• Question 79:

  Assuming that you had only one crane capable of 30 lifts per day, 3 column pours requiring 28 lifts each, plus associated assorted work requiring an additional 150 lifts, what is the minimum planned working duration for this work?

  

  A. 8 work days

  B. 18 work days

  C. 7 work days

  D. 15 workdays

  Correct Answer: A

• Question 80:

  Using the "normal" schedule, given Activity 3001 and the relationship with Activity 4001, what is indicated?

  A. These activities are concurrent with Activity 4001 starting 15 days after the start of Activity 3001.

  B. These activities are concurrent with Activity 4001 starting 15 days earlier than the start of Activity 3001.

  C. The activities occur in series with a 15-day lag.

  D. The activities run concurrently.

  Correct Answer: C