AACE-PSP Exam: Absolutely Free Online Practice

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?

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