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AACE International Planning & Scheduling Professional (PSP) Exam Sample Questions (Q69-Q74):

NEW QUESTION # 69
Estimate to complete (ETC) is __________________.

A. The costs actually incurred in accomplishing the work performed
B. The expected remaining cost needed to complete an activity, group of activities or the project
C. The value of the completed work expressed in terms of the budget assigned to that work
D. The expected total cost of an activity, group of activities or the project

Answer: B

Explanation:
Estimate to Complete (ETC) is the forecast of additional costs required to complete the remaining project work.
Option B refers to actual costs incurred (AC).
Option C refers to Estimate at Completion (EAC), which includes both actual costs and ETC.
Option D refers to Budgeted Cost of Work Performed (BCWP).
ETC is a critical concept for forecasting and project control as described in the PSP Study Guide.

NEW QUESTION # 70
Determine the correct formula and date for the late start for the Activity 11001:

A. LF of 11001 less 27 days plus 1 day equaling 14 Jan 2024
B. LF of 11001 less 25 days plus 1 day equaling 16 Jan 2024
C. LF of 11001 less duration of 11001 equaling 16 Jan 2024
D. LF of 1000 less 25 days equaling 16 Jan 2024

Answer: A

NEW QUESTION # 71
If the administrative constraints for developing the precedence diagram, as provided in the contract documents, indicate that no individual construction activities shall have a longer duration of two months, how many activities in the "normal" schedule would be affected?

A. 13.
B. 12.
C. 14.
D. Cannot be determined.

Answer: B

Explanation:
To determine how many activities in the "normal" schedule would be affected by the constraint of no activity exceeding a two-month duration (approximately 60 days):
Review the "Normal Schedule Days" Column:
Look for activities with a duration greater than 60 days in the "Normal Schedule Days" column of the table provided in the image.
Count the Affected Activities:
Count all activities where the "Normal Schedule Days" value exceeds 60.
Activities with durations greater than 60 days:
Activity ID 1000: 1072 days
Activity ID 1001: 85 days
Activity ID 2001: 92 days
Activity ID 3001: 152 days
Activity ID 4001: 152 days
Activity ID 5001: 102 days
Activity ID 6001: 140 days
Activity ID 6002: 115 days
Activity ID 6003: 152 days
Activity ID 9001: 175 days
Activity ID 9002: 180 days
Activity ID 9005: 72 days
Total Count:
There are 12 activities in the "normal" schedule exceeding the 60-day duration constraint.
Verified answer: A. 12.
Detailed Explanation with Reference: The constraint specifies that no activity should exceed a two-month (60-day) duration. By examining the "Normal Schedule Days" column, any activity with a duration greater than 60 days is non-compliant and therefore affected. The PSP study guide emphasizes reviewing contract requirements to ensure schedules adhere to such administrative constraints.

NEW QUESTION # 72
Constructability is NOT intended to:

A. balance project and environment goals
B. correct deficiencies in the project design
C. integrate construction knowledge into the design
D. optimize engineering and procurement

Answer: B

NEW QUESTION # 73
Why does activity 11001 not show successor activities?

A. The early finish and late finish are circular
B. The scheduler forgot to add the successor activities
C. It is the penultimate work required for the project
D. It is the final activity for the required work for the project

Answer: D

NEW QUESTION # 74
......

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