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Topics of Planning & Scheduling Professional (PSP) Exam
The Planning & Scheduling Professional (PSP) Exam consists of two main sections, Planning and Scheduling, each further broken down into two sub-sections. The core topics for each of the two sections are listed below. These contents are likely to be used for the examination. However, on any particular delivery of the test, other similar topics could also appear.
Applicants are recommended to use these contents and/or other resources including PSP dumps where possible to provide background information on the exam objectives. The syllabus for the Planning & Scheduling Professional (PSP) Exam is listed below with detail of each section and their topics:
1. Planning - PLANNING DEVELOPMENT
Learning Objectives:
- Understand the fundamental concepts of the planning process and its terminology.
- Scaling of the planning process must be appropriate and equally weighted to each phase of work to achieve a balanced and usable product.
- Recognize that the planning process is a dynamic process repeated throughout each phase of a program or project life cycle.
- Effective implementation of a plan results in a schedule.
- When conditions change, the planning process and deliverables should be examined and updated as necessary. The plan for one phase of a project offers a pattern for developing the plan or next phase of the project as well as the project as a whole.
Objectives covered by this section:
INPUT & DATA
- Identification of Stakeholders
- Contract Requirements
- General and special conditions
- Constructability Methods
- Contract types
- Change management
CONSIDERATIONS & CONSTRAINTS
- Project Variables
- Stakeholder Consideration
- Identification of Resources
- Value Engineering
2. Planning - PLANNING PRODUCT
Objectives covered by this section:
OUTPUT & DELIVERABLES
- Define the Scope of Work
- Sequencing & Phase Relationship
- Baseline Plan
- Phase Definition
- Review by Stakeholders
- Periodic Forecasts
- Establish Organization Breakdown Structure
- Establish Cost Breakdown Structure
- Define Project Goals
- Risk & Recovery Plan
- Define the Project Plan
3. Scheduling - Schedule Development
Objectives covered by this section:
Input & Data
- Cost estimation model
- Feedback from stakeholders
- Schedule specification
- Define Schedule and scope
- Breakdown structure relationships
Creating Schedule
- Schedule quality analysis
- Cost and resources
- Activities
- Constraints and calendars
4. Scheduling - Schedule Maintenance & Controlling
Objectives covered by this section:
Maintain Schedule
- Baseline scheduling
- Schedule change management
- Tracking schedule progress
- Cost & resource management
- Acceleration
Output and Deliverables
- Management summary
- Constructability review
- Schedule forecasts
- Control level schedules
- Recovery schedules
The benefit of obtaining the Planning & Scheduling Professional (PSP) Exam Certification
Certifications offered by the Association for the Advancement of Cost Engineering (AACE) have been a mark of distinction for more than thirty years, and more and more employers are requiring these certifications as a prerequisite for jobs. PSP is one of AACE’s commonly recognized qualifications that cover subjects related to the preparation and scheduling of projects. Obtaining an AACE qualification also leads to greater peer acceptance and increases job and income prospects.
While a licensed professional engineer is usually considered “certified” in any field in which he or she works (imposing self-discipline to not “practice outside one’s areas of expertise”), for both licensed engineers and unlicensed technicians, the national mood is to require certification in specialty disciplines. A welcome response to the increased power of our software tools in education and training in theory as well as practice and qualification regulated by our professional societies, such as AACE (with the PSP exam noted above and PMI (with the PMI-SP exam).
Difficulty in Writing Planning & Scheduling Professional (PSP) Exam
All exams can turn out to be very difficult if not well prepared. The main preparation material for the Planning & Scheduling Professional (PSP) Exam is the industry experience and related college degree as this is the prerequisite of the exam and is a must for an applicant as stated by AACE. Refer to the “How to study” section above to use the official resources to best prepare for the exam. One of the key problems faced by most candidates is to choose the right research materials for their exam preparation since they use the internet to find too much data that makes it difficult for them to trust, which would be helpful for them. PSP dumps pdf are designed in such a way to make better preparatory material. This exam can turn out to be a very difficult certification if not well prepared. We always recommend studying the PSP practice dumps before actually appearing for the exam. Applicants may, however, clear the exam with the right concentration and the right preparation material.
TrainingDumps have the most up-to-date PSP exam dumps, having a fair understanding of the question trend being asked in real certification with the help of these dumps.
NEW QUESTION 27
A driving relationship is _____________________.
- A. The link between two related activities.
- B. A finish-to-start relationship.
- C. The link between a predecessor and the activity whose dates it controls.
- D. A critical relationship.
Answer: C
NEW QUESTION 28
Free float is the
- A. Difference In float value of the critical path activities and the float value of the specific activity being analyzed.
- B. Difference between the early finish dates and late finish dates of an activity.
- C. Difference between the early dates and late dates of an activity.
- D. Amount of time the early start of an activity can be delayed without impacting the early start of the successor activity.
Answer: D
NEW QUESTION 29
In order for a claimant to be entitled to an extension of contract time for a delay event (and further to be considered compensable):
- A. The delay must affect the critical path.
- B. The delay must not cause monetary harm to the defendant.
- C. The delay must be concurrent with the delay attributable to both parties.
- D. The delay must affect the contractor's planned construction schedule.
Answer: A
NEW QUESTION 30
At a minimum, periodic reporting must be done at what interval?
- A. As requested by the project manager.
- B. As specified in the contract documents.
- C. Monthly.
- D. As requested by the owner.
Answer: B
NEW QUESTION 31
What is the relationship depicted between Activity G and Activity H?
- A. Finish-to-start.
- B. Start-to-start.
- C. You cannot tell with the supplied information.
- D. Finish-to-finish.
Answer: B
NEW QUESTION 32
Which of the following will NOT affect the total float calculation of a non-resource leveled schedule?
- A. Front end loading.
- B. Multiple calendars.
- C. Preferential logic.
- D. Start and finish constraints.
Answer: A
NEW QUESTION 33
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. PDM is a bar chart with network logic, while ADM is a pure logic network.
- D. ADM uses arrows, while PDM uses boxes.
Answer: B
NEW QUESTION 34
Budgeted cost of work scheduled is _______________________.
- A. The expected total cost of an activity, group of activities or the project
- B. The sum of all budgets for work scheduled to be accomplished within a given time period
- C. The total authorized budget for accomplishing the project scope
- D. The value of the completed work expressed in terms of the budget assigned to that work
Answer: A
NEW QUESTION 35
What is the remaining work duration of Active D?
- A. 0
- B. 4.
- C. 8.
- D. 3.
Answer: B
NEW QUESTION 36
Using the "normal" schedule, theoretically construct a hammock for activities 2001 through 2004. What is the duration of the hammock?
- A. 193 days
- B. 91 days
- C. 183 days
- D. 168 days
Answer: C
NEW QUESTION 37
Which of the following documents is most likely to be of the LEAST value to a planner/scheduler when planning a contractor's baseline critical path schedule for the construction of a large high-clearance bridge located very near an airport? The contractor has been awarded the contract.
- A. The regulations published by the government aviation agency
- B. The project plans and specifications
- C. The project geotechnical report
- D. The government's report on future high-clearance bridge projects
Answer: D
NEW QUESTION 38
Using the "normal" schedule, and assuming you are billing on the last day of the month for previous month and for appropriate partial months, how many invoices will you have for this project?
- A. 40.
- B. 36.
- C. 42.
- D. 37.
Answer: B
NEW QUESTION 39
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 start-to-finish relationship with both activities 6001 and 6002 having a ten-day lag
- B. A start-to-start to relationship for both activities 6001 and 6002 with a ten-day lag assigned to activity
6002. - C. A finish-to-start relationship with a ten-day lag assigned to activity 6002; activity 6001 will be dependent on 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: C
NEW QUESTION 40
What was the original planned duration for Activity A through Activity G?
- A. 24.
- B. 28.
- C. 26.
- D. 25.
Answer: B
NEW QUESTION 41
The work breakdown structure is used to organize
- A. The smallest defined work packet
- B. Similar activity coding of schedule activities
- C. The chart of accounts
- D. "Smart activity ID codes" representing similar items of scheduled work
Answer: A
NEW QUESTION 42
In a "crashed" schedule, which is a chain of activities that precede activity 2004?
- A. 1001, 2002, 2002, 2003, 3001
- B. 1001, 2002, 2003
- C. 2001, 2002, 2003, 2007
- D. 1001, 2001, 2002, 2003
Answer: D
NEW QUESTION 43
Determine the correct formula and date for the late finish for Activity 2001.
- A. LS.2002 + 1 day -> 08-30-01.
- B. LS.2002 - 1 day -> 08-28-01.
- C. LF.2001 - 1 day -> 08-28-01.
- D. LS.2002- 1 day-> 08-29-01.
Answer: B
NEW QUESTION 44
How many work days does it take to move the product from testing to sale?
- A. 100.
- B. 90.
- C. 60.
- D. 70.
Answer: A
NEW QUESTION 45
When reconstructing a CPM schedule electronically from a hardcopy, which of the following is NOT required to determine the critical path?
- A. Predecessor and successor listing with logic type and lag duration, preferably sorted by activity ID
- B. Assigned party responsibility for each work task
- C. Detailed listing of working days for each calendar used
- D. Tabular listing of activities showing duration, calendar ID, early and late dates
Answer: B
NEW QUESTION 46
What activities are concurrent to Activity 2001 in the "normal" schedule?
- A. 7001.
- B. 1001.
- C. 1000.
- D. 2003.
Answer: A
NEW QUESTION 47
What is the free float for Activity F?
- A. 0months.
- B. 2month.
- C. 1months.
- D. 3 months.
Answer: A
NEW QUESTION 48
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