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How to Prepare For Planning & Scheduling Professional (PSP) Exam
Preparation Guide for Planning & Scheduling Professional (PSP) Exam
Introduction
The Planning & Scheduling Professional PSP exam test is administered by AACE International, the Association for the Advancement of Cost Engineering. In 1956, during the organizational meeting of the American Association of Cost Engineering at the University of New Hampshire in Durham, New Hampshire, 59 cost estimators, and cost engineers founded AACE International (Association for the Advancement of Cost Engineering). The International Headquarters of AACE is based in Morgantown, West Virginia, USA. AACE is a specialized non-profit organization. The Board of the Council of Engineering and Technical Specialty Boards (CESB) is a member of AACE International.
AACE operates eight qualification programs at present. Both include the agreement and passing of an evaluation to adhere to a canon of ethics. Most require previous experience in the industry and may provide recertification through continuing education or reexamination. Six of these certifications are accredited by the Council of Engineering and Scientific Specialty Boards (CESB).
This exam guide is intended to aid in achieving AACE’s specialty certification with the best possible grades. It will enable you to understand the scope of the Planning & Scheduling Professional (PSP) Exam and help you to prepare for it successfully by making use of the provided PSP dumps. This guide includes information on the certification test target audience, recommended preparation and documentation, and a full list of exam targets, all to help you obtain a passing grade. To increase your chances of passing the test, AACE strongly recommends a mix of on-the-job experience, course attendance, and self-study, and taking the PSP practice tests. This guide contains useful references for detailed knowledge.
How to book the Planning & Scheduling Professional (PSP) Exam
Follow the steps mentioned below to book the Planning & Scheduling Professional (PSP) Exam:
- Step 1: Visit the AACE’s website by clicking here
- Step 2: Create a new account or log in to an existing account
- Step 3: Select your professional exam
- Step 4: Complete the required course and take PSP practice test
- Step 5: Fill the application and submit all required documents
- Step 6: Schedule your exam by following the instructions on the website
Introduction to Planning & Scheduling Professional (PSP) Exam
A PSP is a technical specialist in planning and scheduling with specialized experience in project planning and the production, tracking, updating, forecasting, and analysis of integrated project schedules. Under the AACE International Total Cost Management (TCM) system, the PSP leads the planning and scheduling process. A PSP can interact efficiently, both internal and external, with all project stakeholders.
In each of those chapters, the PSP Certification exam is divided into two main chapters (Planning and Scheduling) and two sections. A glimpse of all these sections could be found in the PSP exam dumps as well:
- Planning product
- Schedule development
- Planning development
- Schedule maintenance and reporting
Planning is the mechanism by which the length of the project task is added to the schedule is to define the project goals and the orderly tasks required to complete the project (the thought part) and not to be confused with scheduling.
Scheduling is a summary of when it is possible to complete each operation in a project and It must be finished to be done on schedule. The simplest of schedules displays the beginning and completion of operations of a given period in bar chart format. More complex schedules provide schedule logic, usually in CPM format, and display the critical path and floats associated with each operation. A time series of events and activities that reflect an operational timetable. The schedule describes the relative task start and end times and event occurrence times. On a calendar framework or on an elapsed time scale, a schedule can be presented.
The exam is administered through computer-based testing (CBT) and consists of questions of multiple choice and essay-style questions. This test is a closed book. Programmable or preprogrammed calculators are also allowed (including those with financial functions). See the PSP practice exams to understand the paper format. This exam provides a framework for formally evaluating the expertise and abilities of the person in a subject against generally agreed standards. It recognizes those who have demonstrated their experience and expertise in planning and scheduling.
NEW QUESTION 38
If a cost estimate assumes that 240 hours will be expended on a given activity, and the projected crew size expected to perform that activity is 5 personnel working and 8-hour workday, what is the calculated duration for the activity?
- A. 4 days
- B. 8 days
- C. 5 days
- D. 6 days
Answer: D
NEW QUESTION 39
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 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
- D. The total authorized budget for accomplishing the project scope
Answer: C
NEW QUESTION 40
Assuming a total of 30 lifts per crane per day, what is the maximum number of lifts that could be accomplished using 3 small tower cranes over a 5-day period?
- A. 45 lifts
- B. 150 lifts
- C. 450 lifts
- D. 300 lifts
Answer: C
NEW QUESTION 41
Of the following update procedures, which is the least important in achieving an accurate forecast for completion of a construction schedule?
- A. Making "downstream" logic revisions as required.
- B. Entering the time impacts of delays and change orders.
- C. Estimating remaining durations of activities.
- D. The correct recording of actual start dates.
Answer: A
NEW QUESTION 42
Using the "crashed" schedule, if you start Activity 2002 on August 12, 2001, what is the finish date for Activity 2002?
- A. 09-15-01.
- B. 09-08-01.
- C. 09-28-01.
- D. 09-18-01.
Answer: B
NEW QUESTION 43
Which of the following is NOT input data to the construction planning process?
- A. Bonding capacity of subcontractors
- B. The contract
- C. Input from the owner
- D. Input from the contractor
Answer: A
NEW QUESTION 44
In a "crashed" schedule, which is a chain of activities that precede activity 2004?
- A. 1001, 2001, 2002, 2003
- B. 1001, 2002, 2003
- C. 1001, 2002, 2002, 2003, 3001
- D. 2001, 2002, 2003, 2007
Answer: A
NEW QUESTION 45
What activities are concurrent to Activity 2001 in the "normal" schedule?
- A. 2003.
- B. 1001.
- C. 7001.
- D. 1000.
Answer: C
NEW QUESTION 46
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. 18 work days
- B. 8 work days
- C. 7 work days
- D. 15 workdays
Answer: B
NEW QUESTION 47
What is the remaining work duration of Active D?
- A. 4.
- B. 8.
- C. 3.
- D. 0
Answer: A
NEW QUESTION 48
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. The activities occur in series with a 15-day lag.
- C. These activities are concurrent with Activity 4001 starting 15 days earlier than the start of Activity 3001.
- D. The activities run concurrently.
Answer: B
NEW QUESTION 49
Which of the following is NOT a tool or technique used to perform scope planning?
- A. Schedule performance indexing.
- B. Alternatives identification.
- C. Benefit cost analysis.
- D. Expert Judgment.
Answer: A
NEW QUESTION 50
Determine the correct formula and date for the late start for Activity 9001.
- A. LS.6001 Dur.6001 -> 11-20-02.
- B. There is insufficient data provided to calculate the answer.
- C. The early finish is required in order to determine the answer.
- D. LF.9001 Dur.9001 -> 11-20-02.
Answer: D
NEW QUESTION 51
What method would be the best way to determine the most likely as-built critical path of a project that is underway, and the schedule of which has been partially progressed?
- A. Use the progressed portion of the critical path of the baseline schedule.
- B. Interview the project personnel for their perceptions and opinions because the schedule is usually inadequate.
- C. Use the forward-looking critical path of the most current updates.
- D. Use the progressed portion of the critical path of all the updates previous to the current update.
Answer: C
NEW QUESTION 52
The work breakdown structure is used to organize
- A. Similar activity coding of schedule activities
- B. "Smart activity ID codes" representing similar items of scheduled work
- C. The smallest defined work packet
- D. The chart of accounts
Answer: C
NEW QUESTION 53
Determine the correct formula and date for the late finish for Activity 9004.
- A. LS.10002 - Lag.7 - l day -> 11-20-03.
- B. LS.10002^ Lag.7 + i day -> 11-20-03.
- C. LS.10002 - 1 day -> 11-27-03.
- D. LS.10002 + 1 day -> 11-29-03.
Answer: B
NEW QUESTION 54
Estimate to complete (ETC) is __________________.
- A. The costs actually incurred in accomplishing the work performed
- B. The value of the completed work expressed in terms of the budget assigned to that work
- C. The expected total cost of an activity, group of activities or the project
- D. The expected remaining cost needed to complete an activity, group of activities or the project
Answer: D
NEW QUESTION 55
Resource planning must take all of the following into account except for
- A. Time available to complete the project.
- B. Cash flow (expenditure) limitations for completing work on the project.
- C. Types of materials, equipment and labor skills required to complete the project.
- D. Earned value techniques established for the project.
Answer: D
NEW QUESTION 56
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. 5 lifts
- B. 80 lifts
- C. 50 lifts
- D. 20 lifts
Answer: C
NEW QUESTION 57
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