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AACE International Planning & Scheduling Professional (PSP) Exam Sample Questions (Q80-Q85):

NEW QUESTION # 80
The activity with the most total float is:

Answer: B


NEW QUESTION # 81
The sum of all budgets for work scheduled to be accomplished within a given time period is the ____________.

Answer: A


NEW QUESTION # 82
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?

Answer: B


NEW QUESTION # 83
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?

Answer: B

Explanation:
* Key to Duration Accuracy:
A specialized industry handbook offers standardized and validated task durations tailored to the specific context of petrochemical plants.
* Analysis of Options:
Option A: General industry publications may lack specificity.
Option B: Past project schedules provide insight but may not reflect the specific context or updated methodologies.
Option C: The handbook is most relevant as it is tailored to the specific project type.
Option D: Cost estimates are useful for budget alignment but not as precise for duration calculation.
* PSP Study Guide Reference:
The guide advises leveraging validated industry resources for project-specific accuracy in duration estimation​.
* Conclusion: The correct answer is C, as a specialized industry handbook provides the most reliable and context-specific data for duration estimation.


NEW QUESTION # 84
When resource leveling craft labor for a critical path schedule, the scheduler

Answer: D


NEW QUESTION # 85
......

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