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Updated Apr 07, 2025 Verified AACE-PSP dumps Q&As - 100% Pass [Q41-Q66]

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Updated Apr 07, 2025 Verified AACE-PSP dumps Q&As - 100% Pass

New 2025 Latest Questions AACE-PSP Dumps - Use Updated AACE International Exam

NEW QUESTION # 41
Why does activity 1001 have two successor activities?

  • A. Because there are two defined logic paths for the work
  • B. Because the problem could not effectively work with only one successor
  • C. Because the duration of activities 2001, 2002 and 200.f require two successors
  • D. Because the late finish of 1001 and the late start of 7001 require two successors

Answer: A


NEW QUESTION # 42
What activities are concurrent to Activity 2001 in the "normal" schedule?

  • A. 1001.
  • B. 7001.
  • C. 2003.
  • D. 1000.

Answer: B


NEW QUESTION # 43
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 expected total cost of an activity, group of activities or the project
  • C. The total authorized budget for accomplishing the project scope
  • D. The sum of all budgets for work scheduled to be accomplished within a given time period

Answer: D


NEW QUESTION # 44
Determine the correct formula and date for the late finish for Activity 2002.

  • A. LS.2003 - 1 day -> 10-06-01.
  • B. LS.2003 + 1 day -> 10-07-01.
  • C. LS.2003 - 1 day -> 11.06.01.
  • D. LS.2003 - 1 day -> 10-05-01.

Answer: D


NEW QUESTION # 45
Theoretically construct a summary activity for activities 2001 through 2004. Using the "normal" schedule, what is the cost of the hammock?

  • A. $289,000
  • B. $139,000
  • C. $271,000
  • D. $299,000

Answer: A


NEW QUESTION # 46
What portion of Activity B is on the critical path?

  • A. The whole activity
  • B. None of it
  • C. First half of the activity
  • D. Last half of the activity

Answer: B


NEW QUESTION # 47
The expected remaining cost needed to complete an activity, group of activities or the project is the____________.

  • A. Estimate at completion (EAC)
  • B. Budget at completion (BAC)
  • C. Estimate to complete (ETC)
  • D. Budgeted cost of work performed (BCWP)

Answer: C


NEW QUESTION # 48
In the normal schedule, excluding Activity 1000. what activity(s) are concurrent with Activity 3001?

  • A. 2004, 4001. and 5001
  • B. 2003 and 7001
  • C. 4001, 5001, and 6001
  • D. 4001 and 5001

Answer: C


NEW QUESTION # 49
In its simplest form, what is the main drawback of critical path method scheduling?

  • A. It requires a backward pass to calculate late dates.
  • B. It doesn't account for interdependent between activities.
  • C. It allows for Precedence Diagramming Method to be used in place of Arrow Diagramming Method.
  • D. It assumes that resources are unlimited.

Answer: D


NEW QUESTION # 50
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. Linear feet or dollars.
  • C. Earned or budgeted cost yearly.
  • D. Direct or indirect cost.

Answer: A


NEW QUESTION # 51
Using the "normal" schedule, theoretically construct a hammock for activities 2001 through 2004. What is the duration of the hammock?

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

Answer: D


NEW QUESTION # 52
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. 5 lifts
  • C. 50 lifts
  • D. 20 lifts

Answer: C


NEW QUESTION # 53
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 the logic diagram.
  • C. Drawing a bar chart of the key phrases of the work.
  • D. Defining the execution plan to meet the required scope of work.

Answer: B


NEW QUESTION # 54
Which activity is drawn in the incorrect position?

  • A. Activity E.
  • B. Activity G.
  • C. Activity C.
  • D. Activity D.

Answer: D


NEW QUESTION # 55
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. 03-11-04
  • C. 03-21-04
  • D. 03-20-04

Answer: B


NEW QUESTION # 56
What day would Activity C complete if the duration of Activity A was reduced by five days?

  • A. 0
  • B. 1
  • C. 2
  • D. 3

Answer: B


NEW QUESTION # 57
Which of the following are NOT normally included in the project scope statement, either directly or by reference?

  • A. Project contract between the contractor and owner
  • B. Project deliverables
  • C. Project objectives in terms of cost, schedule and quality measures
  • D. Project justification

Answer: D


NEW QUESTION # 58
SUBCO is a potential concrete bridge contractor based in a metropolitan area 300 miles away from your project. They have offered to supply manpower and equipment t BILCO at a per diem rate of $3,000 above their direct labor and equipment rates. In doing a cost benefit analysis, which of the following is NOT a consideration?

  • A. The distance of SUBCO to your project
  • B. SUBCO direct labor and equipment rates
  • C. Pending negotiations with GOUGE.
  • D. BILCO liquidated damages in the SDOT contract

Answer: B


NEW QUESTION # 59
Using the normal schedule, given Activity 3001 and the relationship with Activity 4001. what is indicated?

  • A. These activities are sequential, with Activity 4001 starting 15 days earlier than the start of Activity 3001.
  • B. The activities are independent, with Activity 4001 starting 15 days earlier than the start of Activity 5001
  • C. These activities are partially concurrent, with Activity 4001 starting 15 days after the start of Activity 3001

Answer: A


NEW QUESTION # 60
What does the narrow band at "Y" represent?

  • A. You cannot tell with the information supplied.
  • B. Resource limitation period.
  • C. Activity inactivity.
  • D. A rework period.

Answer: A


NEW QUESTION # 61
Estimate to complete (ETC) is __________________.

  • A. The value of the completed work expressed in terms of the budget assigned to that work
  • B. The costs actually incurred in accomplishing the work performed
  • C. The expected remaining cost needed to complete an activity, group of activities or the project
  • D. The expected total cost of an activity, group of activities or the project

Answer: C


NEW QUESTION # 62
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. $307,000.
  • B. $524,000.
  • C. $552,000.
  • D. $420,000.

Answer: C


NEW QUESTION # 63
As a change to the network for the current update, activity 6002 is required to begin ten days after the beginning of activity 6001. Which is the simplest logic organization?

  • A. A start-to-start to relationship for both activities 6001 and 6002 with a ten-day lag assigned to activity
    6002.
  • B. A finish-to-start relationship with a ten-day lag assigned to activity 6002; activity 6001 will be dependent on activity 6002
  • C. A start-to-finish relationship with both activities 6001 and 6002 having a ten-day lag
  • D. A start-to-start relationship with a ten-day lag assigned to activity 6001; activity 6002 will be dependent on activity 6001

Answer: B


NEW QUESTION # 64
Determine the correct formula and date for the late finish for Activity 2001.

  • A. LS.2002 + 1 day -> 08-30-01.
  • B. LS.2002 - 1 day -> 08-28-01.
  • C. LS.2002- 1 day-> 08-29-01.
  • D. LF.2001 - 1 day -> 08-28-01.

Answer: B


NEW QUESTION # 65
During proofing of the product manual, a problem was discovered requiring 15 days additional time to affect a correction. How can the date of availability be maintained?

  • A. Expedite Draft Product Manual by 5 days
  • B. Delay Manufacture Product by 5 days
  • C. Expedite Package Product by 5 days
  • D. Delay Release for Manufacture by 5 days

Answer: A


NEW QUESTION # 66
......

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