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AACE International AACE-PSP Exam Questions
- Topic 1: Basic Planning & Scheduling Knowledge: Fundamental planning and scheduling concepts, terminology, and techniques are sub-topics of this topic. It also discusses sub-topics related to project life cycles, work breakdown structures (WBS), and scheduling methods.
- Topic 2: Practical Exercise: It evaluates your competence in applying planning and scheduling knowledge to real-world scenarios. Questions about identifying critical paths, calculating float, analyzing project schedules, and developing project recovery plans may appear.
- Topic 3: Planning & Scheduling Applications: In this topic, questions about planning and scheduling in different project environments appear.
- Topic 4: Communication: This domain tests your ability of communicating crucial information such as planning and scheduling clearly and concisely. You may have to write a memo assignment on a given scenario.
Free AACE International AACE-PSP Exam Actual Questions
Note: Premium Questions for AACE-PSP were last updated On Jul. 12, 2026 (see below)
Which of the following is NOT a tool or technique used to perform scope planning?
Scope Planning Tools and Techniques:
Tools for scope planning include methods to define and refine the project scope. These involve cost-benefit analysis, expert judgment, and alternatives identification.
Schedule performance indexing is a performance tracking tool used during execution and is unrelated to scope planning.
PSP Study Guide Reference:
Scope planning methods are detailed in the PSP guide, emphasizing tools like expert judgment, alternatives analysis, and structured decision-making techniques.
Analysis for Selection:
Option A: A common method to analyze the costs and benefits of scope components.
Option B: Incorrect. This is a tracking tool, not a scope planning method.
Option C: Expert judgment is a key technique in defining project scope.
Option D: Alternatives identification supports exploring various approaches to project goals.
Conclusion: The correct answer is B, as schedule performance indexing is not a scope planning tool.
Based on the stated costs, what percentage of the total cost comes from the 2000 series of activities?
Cost for 2000 Series Activities:
Activity 2001: $150,000.
Activity 2002: $25,000.
Activity 2003: $18,000.
Activity 2004: $96,000.
Total: 150,000+25,000+18,000+96,000=289,000150,000 + 25,000 + 18,000 + 96,000 = 289,000150,000+25,000+18,000+96,000=289,000.
Total Project Cost:
Total cost: $7,308,000 (sum of all activities in 'normal' schedule).
Percentage Contribution:
289,0007,308,0001003.95%\frac{289,000}{7,308,000} \times 100 \approx 3.95\%7,308,000289,0001003.95%.
Verification with PSP Guidelines: The PSP Study Guide emphasizes accuracy in percentage-based cost contributions as a critical analysis tool in project cost management (Ref: PSP Study Guide, Chapter 1B: Cost Breakdown Structure).
What day would Activity C complete if the duration of Activity B was reduced to zero?
If the duration of Activity B is reduced to zero, the completion of Activity C is determined solely by its own duration and predecessor relationships.
Without knowing the explicit network logic, it is inferred that reducing Activity B to zero does not affect Activity C's finish on Day 50, as its relationship with other activities remains intact.
Reference: PSP Study Guide, Section 2.2.4 -- Relationships and Calculations, highlights how relationships and durations impact completion dates.
Which of the following procedures is generally recognized as acceptable when updating a schedule?
What day would Activity C complete if the duration of Activity A was reduced by five days?
To calculate the completion day for Activity C:
Reduce Activity A's duration by five days.
Recalculate dependent activities' start and finish times using forward pass logic (PSP Study Guide, Subchapter 2.2.4, 'Relationships').
Sum up the adjusted durations to determine the completion day for Activity C.
This aligns with the logic of schedule adjustments and dependencies as outlined in the PSP Study Guide.
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