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Exam2pass > AACE International > AACE International Certifications > AACE-PSP > AACE-PSP Online Practice Questions and Answers

AACE-PSP Online Practice Questions and Answers

Questions 4

An earned value-based project control system can use either of which two budgets as the basis of its calculations?

A. Labor hours or dollars.

B. Direct or indirect cost.

C. Earned or budgeted cost yearly.

D. Linear feet or dollars.

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Correct Answer: C

Questions 5

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

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Correct Answer: A

Questions 6

Activity 1001 started on the scheduled date but has slipped 10 days. Activity 10002 will slip 35 days. All remaining activities retain their original duration. What is the revised completion date?

A. 02-19-04

B. 03-21-04

C. 03-11-04

D. 03-20-04

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Correct Answer: C

Questions 7

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.

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Correct Answer: B

Questions 8

In the "normal" schedule, excluding Activity 1000, what activity(s) are concurrent with Activity 3001?

A. 2003 and 7001.

B. 2004.

C. 4001, 5001 and 6001.

D. 4001 and 5001.

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Correct Answer: D

Questions 9

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 is manual CPM calculations, while PDM is computerized.

D. ADM uses arrows, while PDM uses boxes.

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Correct Answer: A

Questions 10

How much Total Float does drafting the product manual have?

A. 15 workdays.

B. 0 workdays.

C. 10 workdays.

D. 5 workdays.

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Correct Answer: C

Questions 11

Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:

A. Predecessor is activity 5001, successor is activity 8001

B. Predecessor is activity 4001, successor is activity 8001

C. Predecessor is activity 9001, successor is activity 9002

D. Predecessor is activity 5001, successor is activity 8002

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Correct Answer: A

Questions 12

What is the workweek period for this project?

A. Monday through Friday

B. Sunday through Friday

C. Monday through Saturday

D. Sunday through Saturday

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Correct Answer: D

Questions 13

If after calculating a schedule an activity exhibits negative total float, which of the following is certain? The activity

A. Is a milestone.

B. It is on the critical path.

C. Was completed in the past.

D. Has yet to be completed.

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Correct Answer: D

Exam Code: AACE-PSP
Exam Name: Planning & Scheduling Professional (PSP)
Last Update: Jun 12, 2025
Questions: 163

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