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AACE International is a renowned professional association that provides certification programs for project and cost management professionals. The AACE-PSP (Planning & Scheduling Professional) Exam is one of their most popular certification programs. AACE-PSP exam is designed to test the proficiency of individuals in the field of project planning and scheduling. It is an ideal certification for professionals who wish to demonstrate their knowledge and expertise in project management.

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AACE International Planning & Scheduling Professional (PSP) Exam Sample Questions (Q103-Q108):

NEW QUESTION # 103
Estimate to complete (ETC) is __________________.

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

Answer: A

NEW QUESTION # 104
Which of the following types of delay will NOT result in a time extension and additional compensation for a contractor?

A. Non-compensable delay
B. Compensable delay
C. Excusable delay
D. Non-excusable delay

Answer: A

NEW QUESTION # 105
For which of these delays should an owner grant a time extension?

A. Shop drawings and centrifuge delay.
B. Differing site conditions and centrifuge delay.
C. Differing site conditions at parking structure.
D. Structural steel shop drawings.

Answer: C

NEW QUESTION # 106
As a change to the network for the current update, activity 6002 is required to begin ten days after the beginning of activity 6001. Which is the simplest logic organization?

A. A start-to-finish relationship with both activities 6001 and 6002 having a ten-day lag
B. A start-to-start relationship with a ten-day lag assigned to activity 6001; activity 6002 will be dependent on activity 6001
C. A start-to-start to relationship for both activities 6001 and 6002 with a ten-day lag assigned to activity
6002.
D. A finish-to-start relationship with a ten-day lag assigned to activity 6002; activity 6001 will be dependent on activity 6002

Answer: D

NEW QUESTION # 107
The sum of all budgets for work scheduled to be accomplished within a given time period is the ____________.

A. Budget at completion (BAC)
B. Budgeted cost of work performed (BCWP)
C. Estimate at completion (EAC)
D. Budgeted cost of work scheduled (BCWS)

Answer: A

NEW QUESTION # 108
......

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