The Realest Study Materials AACE-PSP Dumps Updated Jun 17, 2022
LATEST AACE-PSP Exam Practice Material
NEW QUESTION 44
An earned value-based project control system can use either of which two budgets as the basis of its calculations?
- A. Earned or budgeted cost yearly.
- B. Linear feet or dollars.
- C. Labor hours or dollars.
- D. Direct or indirect cost.
Answer: A
NEW QUESTION 45
What is the free float for Activity F?
- A. 1months.
- B. 2month.
- C. 3 months.
- D. 0months.
Answer: D
NEW QUESTION 46
The expected remaining cost needed to complete an activity, group of activities or the project is the____________.
- A. Estimate at completion (EAC)
- B. Budgeted cost of work performed (BCWP)
- C. Estimate to complete (ETC)
- D. Budget at completion (BAC)
Answer: C
NEW QUESTION 47
Each of the following accurately describes total float in a schedule EXCEPT:
- A. Computed for an activity by subtracting its early finish from its late finish, or its early start from its late start.
- B. Can be positive or negative.
- C. The amount of time an activity can be delayed without delaying the start or occurrence of any other activity or event in the network.
- D. The amount of time an activity can be delayed without delaying the overall project completion time.
Answer: C
NEW QUESTION 48
Activity 1001 started on the scheduled date but has slipped 10 days. Activity 10002 will slip 35 days. All remaining activities retain their original duration. What is the revised completion date?
- A. 03-21-04
- B. 02-19-04
- C. 03-20-04
- D. 03-11-04
Answer: D
NEW QUESTION 49
In its simplest form, what is the main drawback of critical path method scheduling?
- A. It assumes that resources are unlimited.
- B. It allows for Precedence Diagramming Method to be used in place of Arrow Diagramming Method.
- C. It doesn't account for interdependent between activities.
- D. It requires a backward pass to calculate late dates.
Answer: A
NEW QUESTION 50
The amount of time that an activity can be delayed from its early start date without delaying project completion is called
- A. Interfering float.
- B. Negative float.
- C. Total float.
- D. Free float.
Answer: C
NEW QUESTION 51
How could the structural steel drawing delay have been prevented?
- A. Switch to post-tensioned concrete construction.
- B. Allow adequate time for review and resubmittal in the baseline schedule.
- C. Add a time buffer at the end of structural steel activities.
- D. Release the structural steel for fabrication concurrent with review of structural steel shop drawings.
Answer: C
NEW QUESTION 52
Why does activity 1001 have two successor activities?
- A. Because the late finish of 1001 and the late start of 7001 require two successors
- B. Because the problem could not effectively work with only one successor
- C. Because the duration of activities 2001, 2002 and 200.f require two successors
- D. Because there are two defined logic paths for the work
Answer: D
NEW QUESTION 53
Which of the following is NOT a tool or technique used to perform scope planning?
- A. Alternatives identification.
- B. Schedule performance indexing.
- C. Benefit cost analysis.
- D. Expert Judgment.
Answer: B
NEW QUESTION 54
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. Productivity efficiency.
- B. Acceleration.
- C. Productivity loss.
- D. Production output.
Answer: C
NEW QUESTION 55
All the following describe the critical path of a schedule EXCEPT:
- A. Changed by redefining the network logic or changing activity durations or both.
- B. Determined by network logic and is the chain of activities that controls the overall project completion time.
- C. The series of activities having the least amount of total float.
- D. Frequently defined as the shortest path through the schedule.
Answer: D
NEW QUESTION 56
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. -20 calendar days.
- B. -14 calendar days.
- C. 0 calendar days.
- D. 10 calendar days.
Answer: B
NEW QUESTION 57
Which of the following will NOT affect the total float calculation of a non-resource leveled schedule?
- A. Preferential logic.
- B. Start and finish constraints.
- C. Multiple calendars.
- D. Front end loading.
Answer: D
NEW QUESTION 58
If after calculating a schedule an activity exhibits negative total float, which of the following is certain? The activity
- A. Was completed in the past.
- B. Has yet to be completed.
- C. Is a milestone.
- D. It is on the critical path.
Answer: B
NEW QUESTION 59
If a cost estimate assumes that 240 hours will be expended on a given activity, and the projected crew size expected to perform that activity is 5 personnel working and 8-hour workday, what is the calculated duration for the activity?
- A. 4 days
- B. 5 days
- C. 8 days
- D. 6 days
Answer: D
NEW QUESTION 60
Which of the following are NOT normally included in the project scope statement, either directly or by reference?
- A. Project contract between the contractor and owner
- B. Project objectives in terms of cost, schedule and quality measures
- C. Project justification
- D. Project deliverables
Answer: C
NEW QUESTION 61
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. $552,000.
- B. $307,000.
- C. $420,000.
- D. $524,000.
Answer: A
NEW QUESTION 62
Time-scaled logic diagrams are
- A. Used to calculate the most probable activity duration.
- B. Only calculated using a computer.
- C. The same as a pure-logic diagram.
- D. Logic networks that are drawn to match the calendar.
Answer: D
NEW QUESTION 63
......
Study HIGH Quality AACE-PSP Free Study Guides and Exams Tutorials: https://braindumps2go.dumpstorrent.com/AACE-PSP-exam-prep.html