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Free AACE International PSP Practice Exam with Questions & Answers | Set: 3

Questions 21

Using the normal schedule, what is the owner's total cost of the project?

Options:
A.

S13.990.600

B.

S12.990.000

C.

S13.102.900

D.

S12.953.600

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Questions 22

The BEST reason to use multiple calendars is to:

Options:
A.

more accurately show how the project will be built

B.

allow each specialty contractor to have a unique schedule of work/non-work periods

C.

track owner activities according to their specific calendar in order to develop a good

working relationship

D.

evaluate float for the benefit of the contractor

Questions 23

A good change management plan___________.

Options:
A.

is provided to stakeholders after it is created

B.

is detailed during the planning phase

C.

tracks minor decisions

D.

involves only the project controls team

Questions 24

Identify the minimum project duration.

PSP Question 24

Options:
A.

20 months.

B.

16 months.

C.

19 months.

D.

21 months.

Questions 25

Using the normal schedule, given Activity 3001 and the relationship with Activity 4001. what is indicated?

Options:
A.

The activities are independent, with Activity 4001 starting 15 days earlier than the start

of Activity 5001

B.

These activities are partially concurrent, with Activity 4001 starting 15 days after the

start of Activity 3001

C.

These activities are sequential, with Activity 4001 starting 15 days earlier than the start of Activity 3001.

Questions 26

How could the structural steel drawing delay have been prevented?

Options:
A.

Add a time buffer at the end of structural steel activities.

B.

Allow adequate time for review and resubmittal in the baseline schedule.

C.

Release the structural steel for fabrication concurrent with review of structural steel shop drawings.

D.

Switch to post-tensioned concrete construction.

Questions 27

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

Questions 28

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

PSP Question 28

Options:
A.

LS.2003 - 1 day -> 11.06.01.

B.

LS.2003 - 1 day -> 10-06-01.

C.

LS.2003 + 1 day -> 10-07-01.

D.

LS.2003 - 1 day -> 10-05-01.

Questions 29

SUBCO is a potential concrete bridge contractor based in a metropolitan area 300 miles away from your project. They have offered to supply manpower and equipment t BILCO at a per diem rate of $3,000 above their direct labor and equipment rates. In doing a cost benefit analysis, which of the following is NOT a consideration?

Options:
A.

SUBCO direct labor and equipment rates

B.

BILCO liquidated damages in the SDOT contract

C.

Pending negotiations with GOUGE.

D.

The distance of SUBCO to your project

Questions 30

Determine the correct formula and date for the late finish for Activity 9004.

Options:
A.

LF of 10002 less 24 days

B.

LS of 9004 plus 72 days

C.

LF of 8001 plus 72 days

D.

LS of 10002 less lag of 7 days plus 1 day equaling 20 Nov 2023

Exam Code: PSP
Certification Provider: AACE International
Exam Name: Planning & Scheduling Professional (PSP) Exam
Last Update: Jul 12, 2025
Questions: 163

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