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AACE International AACE-PSP Practice Questions Download - The free demo has three versions.
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AACE-PSP PDF DEMO:
QUESTION NO: 1
Estimate to complete (ETC) is __________________.
A. The expected total cost of an activity, group of activities or the project
B. The costs actually incurred in accomplishing the work performed
C. The value of the completed work expressed in terms of the budget assigned to that work
D. The expected remaining cost needed to complete an activity, group of activities or the project
Answer: D
QUESTION NO: 2
What is the primary difference between the arrow diagramming method (ADM) and the precedence diagramming method (PDM)?
A. ADM is manual CPM calculations, while PDM is computerized.
B. ADM is limited to finish-to-start logic relationships, while PDM is not.
C. ADM uses arrows, while PDM uses boxes.
D. PDM is a bar chart with network logic, while ADM is a pure logic network.
Answer: B
QUESTION NO: 3
Which activity is drawn in the incorrect position?
A. Activity E.
B. Activity
C. Activity G.
D. Activity
Answer: D
QUESTION NO: 4
Which is NOT an industry-recognized methodology for quantifying critical delay?
A. Time Impact.
B. Periodic Windows.
C. Collapsed As-Built.
D. Gantt Chart.
Answer: D
QUESTION NO: 5
As a change to the network for the current update, activity 6002 is required to begin ten days after the beginning of activity 6001. Which is the simplest logic organization?
A. A finish-to-start relationship with a ten-day lag assigned to activity 6002; activity 6001 will be dependent on activity 6002
B. A start-to-finish relationship with both activities 6001 and 6002 having a ten-day lag
C. A start-to-start to relationship for both activities 6001 and 6002 with a ten-day lag assigned to activity 6002.
D. A start-to-start relationship with a ten-day lag assigned to activity 6001; activity 6002 will be dependent on activity 6001
Answer: A
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Updated: May 28, 2022