Mar 04, 2024 Detailed New AACE-PSP Exam Questions for Concept Clearance [Q30-Q53]

NEW QUESTION 30
What method offers the best chance of the schedule being used effectively to implement the project in the field?

NEW QUESTION 31
You are developing a detailed critical path schedule for a proposed petrochemical plant. The schedule will become a part of the project baseline document, which will be sent to the company’s board of directors for its consideration. What document or resource is likely to be MOST valuable in determining the schedule’s work activity durations?

NEW QUESTION 32
The amount of time that an activity can be delayed from its early start date without delaying project completion is called

NEW QUESTION 33
Budgeted cost of work scheduled is _______________________.

NEW QUESTION 34
By subtracting a measured unit productivity rate during an impacted period from the unit productivity rate during an unimpacted period, the resulting value represents:

NEW QUESTION 35
Why does activity 11001 not show successor activities?

NEW QUESTION 36
Which statement is true?

NEW QUESTION 37
Which is NOT an industry-recognized methodology for quantifying critical delay?

NEW QUESTION 38
An earned value-based project control system can use either of which two budgets as the basis of its calculations?

NEW QUESTION 39
If the administrative constraints for developing the precedence diagram, as provided in the contract documents, indicate that no individual construction activities shall have a longer duration of two months, how many activities in the “normal” schedule would be affected?

NEW QUESTION 40
Determine the correct formula and date for the late finish for Activity 9004.

NEW QUESTION 41
Which of the following is NOT input data to the construction planning process?

NEW QUESTION 42
Which activity is drawn in the incorrect position?

NEW QUESTION 43
Resource planning must take all of the following into account except for

NEW QUESTION 44
Activity C is a

NEW QUESTION 45
What problems can a soils engineer deal with on a project?

NEW QUESTION 46
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?

NEW QUESTION 47
Identify the late finish to develop plans and specs.

NEW QUESTION 48
Determine the correct formula and date for the late finish for Activity 2002.

NEW QUESTION 49
In order for a claimant to be entitled to an extension of contract time for a delay event (and further to be considered compensable):

NEW QUESTION 50
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?

NEW QUESTION 51
Project delays are best analyzed

NEW QUESTION 52
As a change to the network for the current update, activity 6002 is required to begin ten days after the beginning of activity 6001. Which is the simplest logic organization?

NEW QUESTION 53
Using the “normal” schedule, what is the early finish date of activity 10002 and its total float?