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AACE International Planning & Scheduling Professional (PSP) Exam Sample Questions (Q85-Q90):

NEW QUESTION # 85
You are developing a detailed critical path schedule for a proposed petrochemical plant. The schedule will become a part of the project baseline document, which will be sent to the company's board of directors for its consideration. What document or resource is likely to be MOST valuable in determining the schedule's work activity durations?

Answer: D

Explanation:
* Key to Duration Accuracy:
A specialized industry handbook offers standardized and validated task durations tailored to the specific context of petrochemical plants.
* Analysis of Options:
Option A: General industry publications may lack specificity.
Option B: Past project schedules provide insight but may not reflect the specific context or updated methodologies.
Option C: The handbook is most relevant as it is tailored to the specific project type.
Option D: Cost estimates are useful for budget alignment but not as precise for duration calculation.
* PSP Study Guide Reference:
The guide advises leveraging validated industry resources for project-specific accuracy in duration estimation​.
* Conclusion: The correct answer is C, as a specialized industry handbook provides the most reliable and context-specific data for duration estimation.


NEW QUESTION # 86
Determine the correct formula and date for the late finish for Activity 2001.

Answer: A


NEW QUESTION # 87
Using the "crashed" schedule, if you start Activity 2002 on August 12, 2001, what is the finish date for Activity 2002?

Answer: D

Explanation:
* Activity Duration in Crashed Schedule:
For Activity 2002, the crashed duration is 28 days (refer to the table).
* Start Date:
The start date is August 12, 2001.
* Adding the Duration:
Starting from August 12, add 28 days. Ensure to account for weekends or holidays if the calendar used excludes them.
* Finish Date Calculation:
Starting on August 12 and counting 28 days gives the finish date as September 8, 2001.


NEW QUESTION # 88
Assuming conventional finish-to-start relationships, to calculate a schedule retaining the existing logic means that

Answer: A


NEW QUESTION # 89
If drafting of the product manual overruns its planned duration by 5 days, how many days may the manufacturing be delayed without affecting release of the product?

Answer: B


NEW QUESTION # 90
......

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