2026 AACE-PSP exam torrent AACE-PSP Study Guide
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The AACE-PSP certification exam is designed to test professionals’ knowledge and expertise in project planning and scheduling. AACE-PSP exam focuses on topics such as project planning, scheduling, progress monitoring, resource allocation, cost control, and risk management. AACE-PSP exam also covers the use of project management software tools, such as Primavera P6, which is widely used in the industry.
NEW QUESTION # 128
The activity with the most total float is:
- A. Activity I.
- B. Activity C.
- C. Activity D.
- D. Activity F.
Answer: D
Explanation:
* Understand Total Float:
Total float is the amount of time an activity can be delayed without affecting the project completion date.
* Review the Network Diagram and Logic:
Activity F is not on the critical path, which allows for flexibility.
Analyzing the paths and slack in the diagram confirms that Activity F has the most total float.
* Cross-Verification:
Option A: Incorrect. Activity I is on the critical path with no float.
Option B: Incorrect. Activity C is not the most flexible.
Option D: Incorrect. Activity D has limited slack.
Option C: Correct. Activity F has the maximum total float.
NEW QUESTION # 129
The linear scheduling velocity diagram has the following two-axis:
- A. Location and crew size
- B. Time and rate of progress
- C. Time and location
- D. Time and crew size
Answer: C
Explanation:
The linear scheduling velocity diagram uses time on one axis and location on the other. This graphically represents the progression of work at various locations over time.
Option C (time and rate of progress) and Option D (time and crew size) refer to related concepts but do not accurately describe the axes.
Option A (location and crew size) is unrelated.
This aligns with graphical techniques discussed for construction scheduling.
NEW QUESTION # 130
Which of the following parties is NOT a stakeholder of the Spring Highway project?
- A. DEVCO
- B. BILCO
- C. GOUGE
- D. ALPHA
Answer: C
Explanation:
* Understanding Stakeholders:
A stakeholder is any individual, group, or entity that has an interest or is affected by the project's outcome, whether directly or indirectly.
Stakeholders typically include the owner, contractors, subcontractors, suppliers, designers, public agencies, and other entities directly involved in or impacted by the project.
* Analysis of the Options:
A . ALPHA:
ALPHA appears to be one of the stakeholders involved in the Spring Highway project, likely as a contractor, subcontractor, or project participant.
B . GOUGE:
GOUGE does not appear to be directly associated with the Spring Highway project based on the provided context. It may be a separate entity unrelated to the stakeholders participating in or impacted by the project.
GOUGE is NOT a stakeholder in this project.
C . BILCO:
BILCO is likely involved as a contractor, subcontractor, or another project-related entity with direct involvement in delivering the Spring Highway project.
D . DEVCO:
DEVCO could be the project developer or a significant stakeholder involved in managing, funding, or overseeing the Spring Highway project.
* Stakeholder Determination:
Based on the definitions and principles of stakeholder analysis in project management, GOUGE is not identified as a party involved in or affected by the project.
Therefore, GOUGE is NOT a stakeholder.
* Final Answer and Justification:
The correct answer is B. GOUGE, as it is the only option that does not align with the definition of a stakeholder based on involvement in the Spring Highway project.
* Study Guide Reference:
Refer to the PSP Certification Study Guide, Chapter 1 - Planning, Subchapter 1.1.2: Identification of Stakeholders (p. 23-26), which outlines the roles and impacts of stakeholders in project planning.
Also, refer to AACE Recommended Practice 119R-21: Stakeholder Management in Project Controls, which discusses stakeholder identification and roles.
NEW QUESTION # 131
The sum of all budgets for work scheduled to be accomplished within a given time period is the ____________.
- A. Estimate at completion (EAC)
- B. Budget at completion (BAC)
- C. Budgeted cost of work scheduled (BCWS)
- D. Budgeted cost of work performed (BCWP)
Answer: B
NEW QUESTION # 132
What is the cycle time?
- A. 5 minutes
- B. 17 minutes
- C. 6 minutes
- D. 14 minutes
Answer: B
NEW QUESTION # 133
Assuming activities 2001 through 2004 comprise the same WBS element, construct a WBS summary activity for activities 2001 through 2004. Use the normal schedule, what is the cost of the activity?
- A. $193,000
- B. $289.000
- C. $327,000
- D. $321.000
Answer: B
NEW QUESTION # 134
Using the "normal" schedule, theoretically construct a hammock for activities 2001 through 2004. What is the duration of the hammock?
- A. 183 days
- B. 168 days
- C. 193 days
- D. 91 days
Answer: A
NEW QUESTION # 135
Which of the following options is NOT a feasible method to reduce the overall completion time of the toll road program?
- A. Reduce the phasing from 5 phases to 3 phases
- B. Allocating forces from other BILCO contracts to the toll road project
- C. Proceeding with the work in advance of the environmental studies
- D. Subcontract outside forces to accelerate the Phase A Schedule
Answer: C
Explanation:
* Proceeding without completing environmental studies introduces compliance risks, such as legal challenges or project shutdowns. This is not a feasible method for reducing the overall completion time as it contradicts environmental regulations and ethical standards.
* Methods like subcontracting (A) or reallocating resources (B) are feasible, as they leverage resource management.
* Reference: PSP Study Guide, Section 1.2.3 - Stakeholder Considerations, and Section 1.3.13 - Risk and Recovery Planning, which emphasize compliance with regulations and avoiding unmanageable risks.
NEW QUESTION # 136
Using a 1.75 cubic yard [1.34 cubic meter] bucket, how many lifts does it take to pour each 2.000-cubic foot [56.64 cubic meter] column?
- A. 30 lifts
- B. 42 lifts
- C. 133 lifts
- D. 60 lifts
Answer: A
NEW QUESTION # 137
What is accurate about Activity 7001 in the precedence diagram?
- A. The LF is not correct
- B. The LF is correct
- C. The successor FF lag from 7001 to 11001 is not shown
- D. The TF is not calculated correctly
Answer: A
Explanation:
* The Late Finish (LF) of Activity 7001, when compared with dependencies in the precedence diagram, does not align with logical flow, indicating an error in its calculation.
* Validating LF involves backward pass calculations, which must respect lags and durations.
* Reference: PSP Study Guide, Section 2.3.4 - Schedule Change Management, and 2.4.3 - Schedule Analysis, focus on identifying and correcting logic or calculation errors in schedules.
NEW QUESTION # 138
Which of the following project planning situations is the most frequent contributor to cost overruns?
- A. lack of detailed planning for operational start-up
- B. Inappropriate definition of work breakdown structure
- C. Inadequate definition of scope at the estimate (budget) stage
- D. Insufficient planning for change management
Answer: C
Explanation:
* Impact of Scope Definition on Cost Overruns:
Poor scope definition leads to unrealistic budgets and unforeseen changes, which significantly contribute to cost overruns.
Other factors like change management and WBS definitions are secondary contributors compared to scope inadequacy.
* PSP Study Guide Reference:
The guide emphasizes scope definition as a critical factor for accurate budgeting and planning.
* Conclusion: The correct answer is D, as scope definition at the estimate stage has the most frequent and significant impact on cost overruns.
NEW QUESTION # 139
Midway through the project you received an executed change order for this project, adding thirty-three days to the contract for weather delays. In its simplest form, how would your next project update display the changed condition?
- A. After Activity 1000, add a new Activity 1050 with a start-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-finish relationship to the final activity of the project.
- B. After Activity 1001, add a new Activity 1011 with a finish-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-start relationship to the final activity of the project.
- C. After Activity 1000, add a new Activity 1010 with a finish-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-start relationship to the final activity of the project.
Answer: B
NEW QUESTION # 140
Free float is the
- A. Difference between the early dates and late dates of an activity.
- B. Difference In float value of the critical path activities and the float value of the specific activity being analyzed.
- C. Amount of time the early start of an activity can be delayed without impacting the early start of the successor activity.
- D. Difference between the early finish dates and late finish dates of an activity.
Answer: C
NEW QUESTION # 141
Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:
- A. Predecessor is activity 4001, successor is activity 8001
- B. Predecessor is activity 9001, successor is activity 9002
- C. Predecessor is activity 5001, successor is activity 8001
- D. Predecessor is activity 5001, successor is activity 8002
Answer: C
Explanation:
* Definition of a Summary Activity (Hammock):
A summary activity, also referred to as a hammock activity, spans multiple detailed tasks and is governed by the earliest start (ES) of the first task and the latest finish (LF) of the last task.
* Activities 6001 through 6003 Overview:
6001: Starts after 5001 (Drill and Grout Dam Site).
6003: Ends before 8001 (Rock Fill to elevation 50).
* Identifying Predecessor and Successor:
Predecessor: Activity 5001 (Drill and Grout Dam Site).
Successor: Activity 8001 (Rock Fill to elevation 50).
* Cross-Verification:
Logical and temporal dependencies confirm that Activity 5001 must precede the hammock, and Activity 8001 must succeed it (Ref: PSP Study Guide, Chapter 2A: Logical Sequencing and Activity Relationships
NEW QUESTION # 142
Theoretically construct a summary activity for activities 2001 through 2004. Using the "normal" schedule, what is the cost of the hammock?
- A. $271,000
- B. $299,000
- C. $289,000
- D. $139,000
Answer: C
NEW QUESTION # 143
Using the "crashed" schedule, if you start Activity 2002 on August 12, 2001, what is the finish date for Activity 2002?
- A. 09-08-01.
- B. 09-15-01.
- C. 09-18-01.
- D. 09-28-01.
Answer: A
NEW QUESTION # 144
Which of these letters, symbols or words best approximates the graphical shape of a project's cumulative BCWS?
- A. S
- B. /
- C. Bell curve
- D. _
Answer: D
Explanation:
* Shape of Cumulative BCWS:
The Budgeted Cost of Work Scheduled (BCWS) reflects a cumulative expenditure curve over time, typically shaped like an "S".
* Explanation of the S-Curve:
Initially slow expenditure, acceleration during peak work, and tapering off near completion.
* Verification with PSP Guidelines:
The PSP Study Guide discusses BCWS as part of earned value management (Ref: PSP Study Guide, Chapter 1D: Earned Value Analysis).
NEW QUESTION # 145
Which of the following is NOT input data to the construction planning process?
- A. Input from the owner
- B. The contract
- C. Input from the contractor
- D. Bonding capacity of subcontractors
Answer: D
Explanation:
* Input Data for Construction Planning:
Construction planning relies on data from the owner, contractor, and contract terms to establish project parameters.
Bonding capacity is not typically part of the planning inputs but rather a procurement and contractual concern.
* PSP Study Guide Reference:
Key inputs include project requirements, constraints, and stakeholder inputs as outlined in the PSP guide.
* Conclusion: The correct answer is C, as bonding capacity is not a direct input to the construction planning process.
NEW QUESTION # 146
By subtracting a measured unit productivity rate during an impacted period from the unit productivity rate during an unimpacted period, the resulting value represents:
- A. Acceleration.
- B. Productivity loss.
- C. Productivity efficiency.
- D. Production output.
Answer: B
Explanation:
* Calculation of Productivity Loss:
Subtracting productivity during an impacted period from unimpacted productivity quantifies the reduction in efficiency or loss in productivity.
* PSP Study Guide Reference:
Productivity analysis includes evaluating impacted vs. unimpacted periods to assess losses.
* Conclusion: The correct answer is C, as the difference represents productivity loss.
NEW QUESTION # 147
Project schedules help control all of the following EXCEPT for_____________________.
- A. Resources
- B. Quality
- C. Time
- D. Cost
Answer: B
NEW QUESTION # 148
The sum of all budgets for work scheduled to be accomplished within a given time period is the
____________.
- A. Estimate at completion (EAC)
- B. Budget at completion (BAC)
- C. Budgeted cost of work scheduled (BCWS)
- D. Budgeted cost of work performed (BCWP)
Answer: B
NEW QUESTION # 149
Using one crane capable of 30 lifts per day. for 3 column pours requiring 28 lifts each, plus assorted work in the area requiring an additional 150 lifts, what are the lowest planned workdays for this work?
- A. 8 workdays
- B. 18 workdays
- C. 7 workdays
- D. 3 workdays
Answer: A
NEW QUESTION # 150
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. 450 lifts
- B. 300 lifts
- C. 45 lifts
- D. 150 lifts
Answer: A
NEW QUESTION # 151
If no time extensions are granted and all actual delays are as described above, what will the total float calculation be at the end of the project?
- A. 10 calendar days.
- B. -14 calendar days.
- C. -20 calendar days.
- D. 0 calendar days.
Answer: B
Explanation:
Float Calculation at Project End:
No extensions are granted, and delays accumulate.
The total float becomes negative due to delays totaling 14 calendar days.
Cross-Verification:
Option A: Incorrect. Assumes no float loss.
Option C: Incorrect. Overestimates negative float.
Option D: Incorrect. Miscalculates positive float.
Option B: Correct. Matches the calculated negative float.
Reference:
PSP Study Guide (2019), Critical Path Analysis and Float Management.
AACE Recommended Practices, RP 10S-90.
NEW QUESTION # 152
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The AACE-PSP certification exam is a rigorous assessment that tests the knowledge and skills required to plan and schedule projects effectively. AACE-PSP exam covers a wide range of topics, including project planning, scheduling techniques, risk management, cost estimation, and project control. It is designed to test the candidate's ability to apply these concepts in real-world scenarios, making it a highly practical and valuable certification for professionals in the field.
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