IT Certification Exam Questions & Answers

2025 Valid AACE-PSP test answers & AACE International Exam PDF

Free AACE International AACE-PSP Exam Questions and Answer from Training Expert It-Tests

AACE International AACE-PSP certification is recognized globally, and it is considered a mark of distinction in the industry. It enhances the credibility of professionals and demonstrates their dedication to their craft. Employers also benefit from the certification as it ensures that they have professionals who possess the necessary skills and knowledge to execute complex projects efficiently.

Introduction to Planning & Scheduling Professional (PSP) Exam

A PSP is a technical specialist in planning and scheduling with specialized experience in project planning and the production, tracking, updating, forecasting, and analysis of integrated project schedules. Under the AACE International Total Cost Management (TCM) system, the PSP leads the planning and scheduling process. A PSP can interact efficiently, both internal and external, with all project stakeholders.

In each of those chapters, the PSP Certification exam is divided into two main chapters (Planning and Scheduling) and two sections. A glimpse of all these sections could be found in the PSP exam dumps as well:

• Planning product
• Planning development
• Schedule maintenance and reporting
• Schedule development

Planning is the mechanism by which the length of the project task is added to the schedule is to define the project goals and the orderly tasks required to complete the project (the thought part) and not to be confused with scheduling.

Scheduling is a summary of when it is possible to complete each operation in a project and
It must be finished to be done on schedule. The simplest of schedules displays the beginning and completion of operations of a given period in bar chart format. More complex schedules provide schedule logic, usually in CPM format, and display the critical path and floats associated with each operation. A time series of events and activities that reflect an operational timetable. The schedule describes the relative task start and end times and event occurrence times. On a calendar framework or on an elapsed time scale, a schedule can be presented.

The exam is administered through computer-based testing (CBT) and consists of questions of multiple choice and essay-style questions. This test is a closed book. Programmable or preprogrammed calculators are also allowed (including those with financial functions). See the PSP practice exams to understand the paper format. This exam provides a framework for formally evaluating the expertise and abilities of the person in a subject against generally agreed standards. It recognizes those who have
demonstrated their experience and expertise in planning and scheduling.

AACE International AACE-PSP (Planning & Scheduling Professional) Certification Exam is a professional certification that helps individuals to demonstrate their expertise in planning and scheduling. Planning & Scheduling Professional (PSP) Exam certification is recognized globally and is designed for professionals who are involved in project planning and scheduling. AACE-PSP exam tests the candidate’s knowledge and skills in areas such as project scheduling, time management, risk analysis, and cost control.

NO.28 An early start constraint dictates

 An activity’s remaining duration.

 The planned start of a successor activity

 The planned start of an activity.

 The actual start of an activity.

* Early Start Constraint:
An early start constraint specifies the earliest date on which an activity can begin, aligning with project constraints or milestones.
It is a planning input and does not dictate actual or remaining durations.
* PSP Study Guide Reference:
Scheduling constraints, including early start, are critical for establishing realistic schedules and milestones​.
* Conclusion: The correct answer is C, as an early start constraint refers to the planned start date of an activity.

NO.29 Activity durations are normally estimated in an intuitive and subjective way. All of the following will improve duration accuracy EXCEPT

 Use gross building square footages. The pluses and minuses all average out.

 Look at each activity independently and don’t follow specific logic paths when assigning activity durations.

 Divide activities into smaller activities. This will increase activity detail and duration estimate accuracy.

 Use the people responsible for performing the work as a resource to assign activity durations.

NO.30 Baseline schedule can be submitted only__________.

 at the beginning or the construction

 once the project gets impacted try change

 once the design for the construction gets approved

 once the safety quality and insurance requirements are met

NO.31 Assumptions made during the planning stage should be_____________.

 a risk that is shifted to the implemented in the field

 replaced with facts as soon as they are known

 solely based on a solid experiential database

 clearly stated as such in an internal memo

* Assumptions in Planning:
Assumptions are placeholders until verified facts are available. Replacing them enhances schedule reliability and accuracy.
* Evaluation of Other Options:
A: Shifting risks is not a proactive solution.
C: Sole reliance on experience without verification is risky.
D: Internal memos clarify assumptions but do not replace facts.
* Verification with PSP Guidelines:
PSP emphasizes validating assumptions during the planning phase (Ref: PSP Study Guide, Chapter 1B: Planning Fundamentals).

NO.32 If a new hammock activity covering activities 6001 through 6003 is developed, what are governing predecessor and successor activities?

 Predecessor is Activity 4001. successor is Activity 9004

 Predecessor is Activity 8001, successor is Activity 5001

 Predecessor is Activity 5001, successor is Activity 8001

 Predecessor is Activity 4001, successor is Activity 9003

* A hammock activity encompasses a group of tasks (6001 through 6003), connecting them to a governing predecessor (4001) and successor (9004).
* The governing predecessor and successor are determined by examining logical dependencies in the schedule network.
* Reference: PSP Study Guide, Section 2.2.8 – Schedule Quality Analysis, addresses hammock activities and their integration into logical networks.

NO.33 Assuming that you had only one crane capable of 30 lifts per day, 3 column pours requiring 28 lifts each, plus associated assorted work requiring an additional 150 lifts, what is the minimum planned working duration for this work?

 8 work days

 18 work days

 7 work days

 15 workdays

NO.34 What is the cycle time?

 5 minutes

 17 minutes

 14 minutes

 6 minutes

NO.35 Determine the correct formula and date for the late start for Activity 9001.

 The early finish is required in order to determine the answer.

 LS.6001 Dur.6001 -> 11-20-02.

 There is insufficient data provided to calculate the answer.

 LF.9001 Dur.9001 -> 11-20-02.

NO.36 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?

 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.

 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.

 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.

NO.37 The Work Breakdown Structure (WBS) is established to reflect the:

 lowest level of the project estimate

 lowest level reporting back to the program WBS

 lowest level of effort scope

 lowest level where the work is managed

NO.38 Who can define KPls?

 The client and the performing/contracting entity

 Environmental regulators

 The subcontractors and suppliers

 Accounting and Finance

NO.39 During proofing of the product manual, a problem was discovered requiring 15 days additional time to effect a correction. How can the date of availability be maintained?

 Delay product release by 5 days.

 Expedite packaging by 5 days.

 Expedite printing by 5 days.

 Delay manufacturing by 5 days.

NO.40 Which of the following is NOT required when initially planning a project?

 Resource Identification and leveling.

 The duration of each task.

 A schedule that identifies tasks required on a project.

 Logical relationships between the tasks.

NO.41 What day would Activity C complete if the duration of Activity A was reduced by five days?

 35

 30

 45

 40

NO.42 Project delays are best analyzed

 After either the contractor or the owner acknowledges ^responsibility for the delay.

 Contemporaneously with the delay.

 By an expert after the project is finished when complete records are available and the impact is known.

 Late in the project.

* Delay Analysis:
Analyzing delays contemporaneously ensures accurate understanding of their causes and effects, helping stakeholders mitigate impacts in real time.
Waiting until after the project introduces risks of incomplete or inaccurate records.
* PSP Study Guide Reference:
Contemporary delay analysis is highlighted as a best practice for effective delay resolution and management​.
* Conclusion: The correct answer is B, as contemporaneous analysis is the most effective way to address project delays.

NO.43 In a “crashed” schedule, which is a chain of activities that precede activity 2004?

 1001, 2001, 2002, 2003

 2001, 2002, 2003, 2007

 1001, 2002, 2003

 1001, 2002, 2002, 2003, 3001

NO.44 Free float is the

 Difference between the early dates and late dates of an activity.

 Amount of time the early start of an activity can be delayed without impacting the early start of the successor activity.

 Difference between the early finish dates and late finish dates of an activity.

 Difference In float value of the critical path activities and the float value of the specific activity being analyzed.

Free float is a concept in Critical Path Method (CPM) scheduling that refers to the amount of time an activity’s early start can be delayed without affecting the early start of any immediately succeeding activities.
Option A refers to total float, which considers early and late dates of an activity​.
Option C also points to total float.
Option D does not define free float.
Free float is critical for project planners as it provides flexibility in scheduling without impacting downstream activities​.

NO.45 Which of the following is NOT a tool or technique used to perform scope planning?

 Benefit cost analysis.

 Schedule performance indexing.

 Expert Judgment.

 Alternatives identification.

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