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Free AACE International PSP Practice Exam with Questions & Answers

Questions 1

The project goals_________.

Options:
A.

are the foundation for breakdown structures

B.

are defined independent of any external stakeholder opinions

C.

quantify performance and interface requirements

D.

consider all aspects of the project

Questions 2

If someone wanted to constrain a project's end date so that any project slippage would cause negative float, they would do so by using

Options:
A.

Finish-no-earlier constraint on the first activity

B.

Finish-no-earlier constraint on the last activity

C.

Finish-no-later constraint on the last activity

D.

Start-no-later constraint on the first activity

Questions 3

If after calculating a schedule an activity exhibits negative total float, which of the following is certain? The activity

Options:
A.

Is a milestone.

B.

It is on the critical path.

C.

Was completed in the past.

D.

Has yet to be completed.

Questions 4

Which statement is true?

Options:
A.

Where compensability cannot be established, excusability is assumed.

B.

Where compensability can be established, excusabltity cannot be assumed.

C.

Where compensability cannot be established, excusability is a given.

D.

Where compensability can be established, excusability is assumed.

Questions 5

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?

PSP Question 5

Options:
A.

15 days.

B.

10 days.

C.

0 days.

D.

5 days.

Questions 6

The project team must communicate the project plan, goals and objectives to all stakeholders to ensure the stakeholders understand the plan, goals and objectives and then continue this communication throughout the project life Which statement below would stakeholders NOT be expected to contribute?

Options:
A.

Stakeholders review the basis the schedule after the schedule is developed

B.

Stakeholder communication should be the single most Important objective of a program of key cost and schedule performance indicators (KPls)

C.

Early in the planning process, a set of well-defined goals and objectives is reviewed by the stakeholders

D.

The key to successful acceptance by all stakeholders is a set of well-defined goals and objectives which should be Identified early in the planning process

Questions 7

When are project planning and scheduling specifications established?

Options:
A.

Before me NTP

B.

Before the tendering documents are finalized

C.

After the bid price is accepted

D.

During the bidding process

Questions 8

If Activity A was delayed 5 days from starting, which of the following adjustments will NOT maintain the completion date of Activity C at Day 40?

Options:
A.

Reduce the duration of 'A' from 20 days to 10 days and replace the relationship from B' to 'C with FSO.

B.

Replace the relationship from 'B’ to 'C’ with SSO

C.

Reduce the duration of B" from 10 days to 5 days by compressing work effort

Questions 9

Which of the following procedures is generally recognized as acceptable when updating a schedule?

Options:
A.

Report an actual date when the activity is on a non-work calendar for that date

B.

Change a previously reported actual date

C.

Change the WBS assignment for an activity

D.

Change a calculated date in the future

Questions 10

Determine the correct formula and date for the late finish for Activity 2002.

Options:
A.

LS of 2003 less 1 day equaling to 06 Oct 2021

B.

LS of 2003 less 1 day equaling to 06 Nov 2021

C.

LS of 2003 plus 1 day equaling to 07 Oct 2021

D.

LS of 2003 less 1 day equaling to 05 Oct 2021

Exam Code: PSP
Certification Provider: AACE International
Exam Name: Planning & Scheduling Professional (PSP) Exam
Last Update: Oct 30, 2025
Questions: 216

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