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AACE International Planning & Scheduling Professional (PSP) Exam Sample Questions (Q73-Q78):

NEW QUESTION # 73
Which of the following risks CANNOT be estimated by BILCO with only a resource-loaded schedule?

A. Liquidated damages on the SDOT contract
B. Delay due to SDOT's other projects
C. Cost overruns due to cement shortage
D. Delay due to labor shortage

Answer: B

NEW QUESTION # 74
How many work days does it take to move the product from testing to sale?

A. 60.
B. 70.
C. 100.
D. 90.

Answer: C

NEW QUESTION # 75
The activity with the most total float is:

A. Activity C.
B. Activity I.
C. Activity D.
D. Activity F.

Answer: B

NEW QUESTION # 76
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. Interview the project personnel for their perceptions and opinions because the schedule is usually inadequate.
B. Use the forward-looking critical path of the most current updates.
C. Use the progressed portion of the critical path of the baseline schedule.
D. Use the progressed portion of the critical path of all the updates previous to the current update.

Answer: C

NEW QUESTION # 77
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. $420,000.
D. $552,000.

Answer: D

NEW QUESTION # 78
......

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