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AACE-PSP Latest Test Preparation - AACE-PSP Valid Exam Voucher

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The AACE-PSP (Planning and Scheduling Professional) Certification Program is an internationally recognized certification offered by AACE International. It is one of the most widely recognized certifications for professionals seeking to work in project planning and scheduling. This program has gained widespread acceptance across various industries, including construction, oil and gas, mining, and many more.

To be eligible for the AACE-PSP certification program, candidates must meet the education and experience requirements set by AACE International. Candidates must have a minimum of four years of professional experience in project planning and scheduling, and a bachelor's degree or equivalent from an accredited institution. Candidates who do not have a bachelor's degree but have eight or more years of professional experience in project planning and scheduling can also apply.

AACE International is a professional organization that focuses on the advancement of cost engineering and project management. They offer various certifications for professionals in these fields, including the AACE-PSP (Planning & Scheduling Professional) certification. Planning & Scheduling Professional (PSP) Exam certification is designed to recognize individuals who have a comprehensive understanding of planning and scheduling concepts and can apply them effectively in their work.

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AACE International Planning & Scheduling Professional (PSP) Exam Sample Questions (Q174-Q179):

NEW QUESTION # 174
You are the project manager of the AHQ project. This project is scheduled to last for six months and will require S345.000 to complete. If the project completes earlier than scheduled your organization will receive a bonus of S5 000 per day of early completion Management has asked you to develop an aggressive schedule to realize as much of the bonus as possible but management does not want you to increase the costs of the project beyond $1,000 per day of the bonus realization. Which of the following approaches will likely add costs to the project?

A. Fast tracking
B. Using the critical chain method
C. Crashing
D. Rebaseline the project

Answer: C

NEW QUESTION # 175
An early start constraint dictates

A. An activity's remaining duration.
B. The planned start of a successor activity
C. The planned start of an activity.
D. The actual start of an activity.

Answer: B

NEW QUESTION # 176
Of the following update procedures, which is the least important in achieving an accurate forecast for completion of a construction schedule?

A. Entering the time impacts of delays and change orders.
B. The correct recording of actual start dates.
C. Making "downstream" logic revisions as required.
D. Estimating remaining durations of activities.

Answer: C

NEW QUESTION # 177
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: B

NEW QUESTION # 178
Which of the following statements is true?

A. In the absence of a contrary contractual language total float, as opposed to free float, there is a commodity belonging to the contractor
B. In the absence of contrary contractual language free float, as opposed to project float, there is not a shared commodity between the owner and the contractor
C. In the absence of contrary contractual language total float, as opposed to tree float, there is a commodity belonging to the owner
D. In the absence of contrary contractual language network float, as opposed to project float, there is a shared commodity between the owner and contractor

Answer: D

Explanation:
* Understanding Float:
Network Float: The shared amount of time that non-critical activities can be delayed without affecting the project completion date.
Float ownership is not exclusive unless explicitly stated in the contract.
* Evaluation of Options:
Option B: Incorrect. Total float does not belong solely to the contractor unless stated.
Option C: Incorrect. Total float is not exclusively owned by the owner unless stated in the contract.
Option D: Incorrect. Free float is tied to specific activities and not shared.
Option A: Correct. In the absence of specific contract terms, network float is generally shared.

NEW QUESTION # 179
......

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