Real AACE-PSP Exam Questions - Make the AACE-PSP Exam Preparation Simple - PDF document

A. Not suitable for complicated projects with multiple planned critical paths.B. Accuracy is increased by inserting delaying events into the as-planned schedule.39.Which statement is true?A. Where compensability cannot be established, excusability is assumed.40.Which of the following phases does NOT describe the commonly acceptedconstruction life cycle? 10 / 11 Real AACE-PSP Exam Questions - Make the AACE-PSP Exam Preparation Simple 34.The amount of time that an activity can be delayed from its early start date withoutdelaying project completion is called35.In its simplest form, what is the main drawback of critical path method scheduling?A. It requires a backward pass to calculate late dates.36.If after calculating a schedule an activity exhibits negative total float, which of thefollowing is certain? The activity37.Which of the following will NOT affect the total float calculation of a non-resourceleveled schedule?38.You are retained by a contractor who asks you to perform a simple as-plannedversus as-built analysis (APAB) of a large hydro-electric dam project that took morerequests a time extension. You suggest using a different methodology for quantifyingthe delay. 9 / 11 Real AACE-PSP Exam Questions - Make the AACE-PSP Exam Preparation Simple to construction projects.D. Need only consider the non-union crafts persons.30.Project delays are best analyzedA. After either the contractor or the owner acknowledges ^responsibility for the delay.31.All the following describe the critical path of a schedule EXCEPT:A. Determined by network logic and is the chain of activities that controls the overall32.In analyzing a logical chain of activities in a critical path method (CPM) schedule,what do differing total float values within that chain typically indicate?33.Each of the following accurately describes total float in a schedule EXCEPT:A. The amount of time an activity can be delayed without delaying the overall projectearly start from its late start.Answer: C 8 / 11 Real AACE-PSP Exam Questions - Make the AACE-PSP Exam Preparation Simple Answer: A25.An earned value-based project control system can use either of which two budgetsas the basis of its calculations?26.Which letter of the alphabet best approximates the graphical shape of a project'scumulative cost baseline, or budgeted cost of work scheduled?27.Under which circumstance should one perform resource-leveling calculations?A. When the contract contains a provision for float-banking.28.Resource planning must take all of the following into account except forA. Types of materials, equipment and labor skills required to complete the project.29.When resource leveling craft labor for a critical path schedule, the schedulerA. Must consider breaks in continuity of work for subcontractors, thereby possiblyrealignment of all schedule activities without 'further analysis.C. Need not consider its effects, as it is a theoretical concept with limited application 7 / 11 Real AACE-PSP Exam Questions - Make the AACE-PSP Exam Preparation Simple 20.Constraints control events or activities that __________________.A. Affect only the forward pass.21.Which of the following is NOT required when performing weekly or monthlyschedule updates?22.Which of the following will always describe the critical path? The path withA. The longest duration through the network.23.Of the following update procedures, which is the least important in achieving anaccurate forecast for completion of a construction schedule?24.What method would be the best way to determine the most likely as-built criticalpath of a project that is underway, and the schedule of which has been partiallyB. Use the progressed portion of the critical path of the baseline schedule.C. Interview the project personnel for their perceptions and opinions because theschedule is usually inadequate.D. Use the forward-looking critical path of the most current updates. 6 / 11 Real AACE-PSP Exam Questions - Make the AACE-PSP Exam Preparation Simple 15.What is a key first step in developing a critical path method schedule?A. Drawing a bar chart of the key phrases of the work.16.Assuming conventional finish-to-start relationships, to calculate a scheduleretaining the existing logic means that17.A driving relationship is _____________________.A. A critical relationship.18.If someone wanted to constrain a project's end date so that any project slippagewould cause negative float, they would do so by using19.An early start constraint dictatesA. An activity's remaining duration. 5 / 11 Real AACE-PSP Exam Questions - Make the AACE-PSP Exam Preparation Simple 11.Time-scaled logic diagrams areA. Only calculated using a computer.12.Activity durations are normally estimated in an intuitive and subjective way. All ofthe following will improve duration accuracy EXCEPT13.You are developing a detailed critical path schedule for a proposed petrochemicalplant. The schedule will become a part of the project baseline document, which will beschedule's work activity durations?A. Industry publications.14.Free float is theA. Difference between the early dates and late dates of an activity. 4 / 11 Real AACE-PSP Exam Questions - Make the AACE-PSP Exam Preparation Simple 6.Which of the following are NOT considerations or constraints of the planningprocess for construction scheduling?7.What method offers the best chance of the schedule being used effectively toimplement the project in the field?8.At a minimum, periodic reporting must be done at what interval?A. Monthly.9.Which is NOT an industry-recognized methodology for quantifying critical delay?A. Gantt Chart.10.What is the primary difference between the arrow diagramming method (ADM) andthe precedence diagramming method (PDM)? 3 / 11 Real AACE-PSP Exam Questions - Make the AACE-PSP Exam Preparation Simple 1.Which of the following types of delay will NOT result in a time extension andadditional compensation for a contractor?2.Which of the following documents is most likely to be of the LEAST value to aplanner/scheduler when planning a contractor's baseline critical path schedule for the3.In order for a claimant to be entitled to an extension of contract time for a delayevent (and further to be considered compensable):4.Which of the following is NOT required when initially planning a project?A. Resource Identification and leveling.5.Which of the following is NOT a tool or technique used to perform scope planning?A. Benefit cost analysis.B. Schedule performance indexing.C. Expert Judgment.D. Alternatives identification.Answer: B 2 / 11 Real AACE-PSP Exam Questions - Make the AACE-PSP Exam Preparation Simple