Pass AACE Certification AACE-PSP exam [Nov 24, 2021] Updated 120 Questions
AACE International AACE-PSP Actual Questions and 100% Cover Real Exam Questions
NEW QUESTION 54
What activities are concurrent to Activity 2001 in the "normal" schedule?
- A. 7001.
- B. 2003.
- C. 1001.
- D. 1000.
Answer: A
NEW QUESTION 55
Resource planning must take all of the following into account except for
- A. Types of materials, equipment and labor skills required to complete the project.
- B. Earned value techniques established for the project.
- C. Time available to complete the project.
- D. Cash flow (expenditure) limitations for completing work on the project.
Answer: B
NEW QUESTION 56
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. 7 work days
- C. 18 work days
- D. 15 workdays
Answer: A
NEW QUESTION 57
Which of the following project planning situations is the most frequent contributor to cost overruns?
- A. Insufficient planning for change management
- B. Inadequate definition of scope at the estimate (budget) stage
- C. Inappropriate definition of work breakdown structure
- D. lack of detailed planning for operational start-up
Answer: B
NEW QUESTION 58
All the following describe the critical path of a schedule EXCEPT:
- A. Determined by network logic and is the chain of activities that controls the overall project completion time.
- B. The series of activities having the least amount of total float.
- C. Frequently defined as the shortest path through the schedule.
- D. Changed by redefining the network logic or changing activity durations or both.
Answer: C
NEW QUESTION 59
Which of the following phases does NOT describe the commonly accepted construction life cycle?
- A. Claims and disputes phase.
- B. Planning and design phase.
- C. Installation phase.
- D. Turnover and start-up phase.
Answer: B
NEW QUESTION 60
When reconstructing a CPM schedule electronically from a hardcopy, which of the following is NOT required to determine the critical path?
- A. Predecessor and successor listing with logic type and lag duration, preferably sorted by activity ID
- B. Tabular listing of activities showing duration, calendar ID, early and late dates
- C. Detailed listing of working days for each calendar used
- D. Assigned party responsibility for each work task
Answer: D
NEW QUESTION 61
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. The Petrochemical Industry New Plant Task Duration Handbook.
- B. Critical path schedules prepared by you for similar completed projects.
- C. The cost estimate for the plant prepared by your firm's estimating department.
- D. Industry publications.
Answer: B
NEW QUESTION 62
When resource leveling craft labor for a critical path schedule, the scheduler
- A. 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.
- C. Need not consider its effects, as it is a theoretical concept with limited application to construction projects.
- D. Must consider breaks in continuity of work for subcontractors, thereby possibly incurring additional subcontractor mobilization and demobilization costs.
Answer: B
NEW QUESTION 63
What is the primary difference between the arrow diagramming method (ADM) and the precedence diagramming method (PDM)?
- A. ADM is limited to finish-to-start logic relationships, while PDM is not.
- B. PDM is a bar chart with network logic, while ADM is a pure logic network.
- C. ADM uses arrows, while PDM uses boxes.
- D. ADM is manual CPM calculations, while PDM is computerized.
Answer: A
NEW QUESTION 64
What is a key first step in developing a critical path method schedule?
- A. Setting out the resource to be used and its limitations.
- B. Drawing a bar chart of the key phrases of the work.
- C. Drawing the logic diagram.
- D. Defining the execution plan to meet the required scope of work.
Answer: C
NEW QUESTION 65
Which of the following is NOT true?
- A. Multiple calendars can affect the total float calculation.
- B. Remaining durations can exceed original durations.
- C. A network must contain only one Critical Path.
- D. Constraints can interfere with the longest path calculation.
Answer: B
NEW QUESTION 66
Project delays are best analyzed
- A. After either the contractor or the owner acknowledges ^responsibility for the delay.
- B. Contemporaneously with the delay.
- C. Late in the project.
- D. By an expert after the project is finished when complete records are available and the impact is known.
Answer: D
NEW QUESTION 67
Project schedules help control all of the following EXCEPT for_____________________.
- A. Cost
- B. Time
- C. Resources
- D. Quality
Answer: D
NEW QUESTION 68
Using the "crashed" schedule, if you start Activity 2002 on August 12, 2001, what is the finish date for Activity 2002?
- A. 09-08-01.
- B. 09-15-01.
- C. 09-28-01.
- D. 09-18-01.
Answer: A
NEW QUESTION 69
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 sum of all budgets for work scheduled to be accomplished within a given time period
- D. The expected total cost of an activity, group of activities or the project
Answer: D
NEW QUESTION 70
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AACE-PSP Free Exam Questions & Answers PDF Updated on Nov-2021: https://drive.google.com/open?id=1p7j001jeTyuLRTYCeCCVxo4piWmmNACg
