Free Test Prep AACE-PSP Exam Questions

Absolute Free AACE-PSP Exam Practice for Comprehensive Preparation 

  • Test Prep AACE-PSP Exam Questions
  • Provided By: Test Prep
  • Exam: AACE International Planning & Scheduling Professional (PSP)
  • Certification: AACE
  • Total Questions: 220
  • Updated On: May 23, 2026
  • Rated: 4.9 |
  • Online Users: 440
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  • Question 1
    • Scenario:

      The entire network consists of the following activities and relationships. Activity A is twenty days long and is

      tied to Activity B, a ten-day activity, with a finish-to-finish tie with a lag value of five Activity B is tied to

      Activity C, a twenty-day activity, with a start-to-start relationship with a lag value of five.



      PSP Activities Table

      Scope Known about Rock-Filled Dam Project:

      The dam requires river diversion and work over two or more rainy seasons. The contract is lump sum,

      competitively bid, and will be self-performed. The owner has attempted to shift all risk to the contractor by

      employing "no differing sit conditions" and "no damage for delay" clauses. There is a bonus/penalty provision

      of $2,500 per calendar day for early or late delivery. The early completion bonus is capped at $500,000, with

      no cap for late delivery penalty.

      Liquidated damages end at the finish of demobilization. Indirect costs per calendar day are $2,800 for the

      "normal" schedule and $3,200 for the "crashed" schedule. The winter/wet weather season is 151 days between

      October 15 and March 25 of each year, reduces the efficiency of the contractor's operations by 20% and costs

      the contractor $10,000 per day. Assume a start date of March 5, 2001 and use a 7-day work week.

      The following table lists work activities as planned by the contractor.

      Theoretically construct a summary activity for only those activities with a finish-to-start relationship for

      Activities 8001 through 10001. Using the "normal" schedule, what is the cost of this hammock?


      Answer: C
  • Question 2
    • Which of the following are NOT normally included in the project scope statement, either directly or by reference? 


      Answer: B
  • Question 3
    • Which of the following is NOT input data to the construction planning process?

      Answer: C
  • Question 4
    • How many work days does it take to move the product from testing to sale? 



      Answer: C
  • Question 5
    • Constructability is NOT intended to: 

      Answer: B
PAGE: 1 - 44
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