Expert Answers to AACE International Exam PSP Questions

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Professional Level Planning & Scheduling Professional (PSP) Exam

Planning & Scheduling Professional (PSP) Exam

Last Update Jan 24, 2025
Total Questions : 163

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Questions 2

What is a key first step in developing a critical path method schedule?

Options:

Drawing a bar chart of the key phrases of the work.

Defining the execution plan to meet the required scope of work.

Setting out the resource to be used and its limitations.

Drawing the logic diagram.

Discussion 0

Questions 3

During proofing of the product manual, a problem was discovered requiring 15 days additional time to effect a correction. How can the date of availability be maintained?

Questions 3

Options:

Delay product release by 5 days.

Expedite packaging by 5 days.

Expedite printing by 5 days.

Delay manufacturing by 5 days.

Discussion 0

Questions 4

The expected remaining cost needed to complete an activity, group of activities or the project is the____________.

Options:

Budget at completion (BAC)

Budgeted cost of work performed (BCWP)

Estimate to complete (ETC)

Estimate at completion (EAC)

Discussion 0

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Questions 5

Assumptions made during the planning stage should be_____________.

Options:

a risk that is shifted to the implemented in the field

replaced with facts as soon as they are known

solely based on a solid experiential database

clearly stated as such in an internal memo

Discussion 0