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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 Aug. 26, 2026 (see below)
Project schedules help control all of the following EXCEPT for_____________________.
Role of Project Schedules:
Schedules primarily control time, cost, and resource allocations.
Quality management is related to design specifications and execution standards, not directly managed by schedules.
PSP Study Guide Reference:
The guide clarifies the limitations of scheduling tools in managing quality aspects.
Conclusion: The correct answer is A, as project schedules do not directly control quality.
What is the workweek period for this project?
Workweek Period Analysis:
Based on standard construction scheduling practices and project data, the workweek includes six days, with Sunday as a non-working day.
Verification in Project Details:
The PSP Study Guide suggests that assumptions on workweeks must align with labor calendars and schedule configurations (Ref: PSP Study Guide, Chapter 2A: Calendars and Constraints).
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.
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