[UPDATED Dec-2024] Best Value Available Preparation Guide for AACE-PSP Exam
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NEW QUESTION # 72
Theoretically construct a summary activity for activities 6001 through 6003. Identify the governing predecessor and successor activities for the hammock:
- A. Predecessor is activity 4001, successor is activity 8001
- B. Predecessor is activity 5001, successor is activity 8001
- C. Predecessor is activity 5001, successor is activity 8002
- D. Predecessor is activity 9001, successor is activity 9002
Answer: B
NEW QUESTION # 73
When reconstructing a CPM schedule electronically from a hardcopy, which of the following is NOT required to determine the critical path?
- A. Assigned party responsibility for each work task
- B. Detailed listing of working days for each calendar used
- C. Tabular listing of activities showing duration, calendar ID, early and late dates
- D. Predecessor and successor listing with logic type and lag duration, preferably sorted by activity ID
Answer: A
NEW QUESTION # 74
Theoretically construct a summary activity for activities 2001 through 2004. Using the "normal" schedule, what is the cost of the hammock?
- A. $139,000
- B. $271,000
- C. $289,000
- D. $299,000
Answer: C
NEW QUESTION # 75
What is the primary difference between the arrow diagramming method (ADM) and the precedence diagramming method (PDM)?
- A. ADM is manual CPM calculations, while PDM is computerized.
- B. ADM uses arrows, while PDM uses boxes.
- C. ADM is limited to finish-to-start logic relationships, while PDM is not.
- D. PDM is a bar chart with network logic, while ADM is a pure logic network.
Answer: C
NEW QUESTION # 76
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. 5 days
- B. 4 days
- C. 6 days
- D. 8 days
Answer: C
NEW QUESTION # 77
Using the "normal" schedule, and assuming you are billing on the last day of the month for previous month and for appropriate partial months, how many invoices will you have for this project?
- A. 40.
- B. 36.
- C. 42.
- D. 37.
Answer: B
NEW QUESTION # 78
Determine the correct formula and date for the late start for the Activity 11001:
- A. LF.11001 - 27 days + 1 day -> 01-14- 04.
- B. LF.10001 + 1 day -> 01-16-04.
- C. LF.1001 + DUR.10001 -> 01-14-04.
- D. LF.11001 - Dur.11001 -> 01-16-04.
Answer: B
NEW QUESTION # 79
Free float is the
- A. Difference between the early dates and late dates of an activity.
- B. Amount of time the early start of an activity can be delayed without impacting the early start of the successor activity.
- C. Difference In float value of the critical path activities and the float value of the specific activity being analyzed.
- D. Difference between the early finish dates and late finish dates of an activity.
Answer: B
NEW QUESTION # 80
How much Total Float does drafting the product manual have?
- A. 5 workdays.
- B. 15 workdays.
- C. 0 workdays.
- D. 10 workdays.
Answer: D
NEW QUESTION # 81
Assuming conventional finish-to-start relationships, to calculate a schedule retaining the existing logic means that
- A. An out-of-sequence activity cannot resume until all predecessors are finished.
- B. It is calculated using logic reflecting out-of-sequence progress.
- C. It is calculated using the original logic.
- D. There is no such thing.
Answer: C
NEW QUESTION # 82
If drafting of the product manual overruns its planned duration by 5 days, how many days may the manufacturing be delayed without affecting release of the product?
- A. 10 days.
- B. 5 days.
- C. 0 days.
- D. 15 days.
Answer: C
NEW QUESTION # 83
In analyzing a logical chain of activities in a critical path method (CPM) schedule, what do differing total float values within that chain typically indicate?
- A. The schedule has too much detail to reflect an accurate critical path.
- B. The schedule is projecting an "early completion".
- C. Certain activities in the critical path have no successors.
- D. Different calendars are assigned to certain activities in the logical chain.
Answer: C
NEW QUESTION # 84
What does the narrow band at "Y" represent?
- A. Resource limitation period.
- B. You cannot tell with the information supplied.
- C. A rework period.
- D. Activity inactivity.
Answer: D
NEW QUESTION # 85
A driving relationship is _____________________.
- A. The link between two related activities.
- B. A critical relationship.
- C. The link between a predecessor and the activity whose dates it controls.
- D. A finish-to-start relationship.
Answer: C
NEW QUESTION # 86
Time-scaled logic diagrams are
- A. Used to calculate the most probable activity duration.
- B. The same as a pure-logic diagram.
- C. Logic networks that are drawn to match the calendar.
- D. Only calculated using a computer.
Answer: C
NEW QUESTION # 87
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. Total float.
- C. Negative float.
- D. Free float.
Answer: B
NEW QUESTION # 88
Is activity 7001 pictured correctly in the precedence diagram?
- A. Yes, the duration is 48 days.
- B. No, the total float is not shown correctly.
- C. Yes, except the early finish date is not shown.
- D. No, the start-to-start and finish-to-finish relationships are backwards.
Answer: A
NEW QUESTION # 89
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