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AACE International
AACE-PSP
Planning & Scheduling Professional (PSP) Exam
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Question: 1 
 
What method would be the best way to determine the most likely as-built critical path of a 
project that is underway, and the schedule of which has been partially progressed? 
 
A. Use the progressed portion of the critical path of the baseline schedule. 
B. Use the forward-looking critical path of the most current updates. 
C. Use the progressed portion of the critical path of all the updates previous to the current update. 
D. Interview the project personnel for their perceptions and opinions because the schedule is usually 
inadequate. 
 
Answer: B 
 
Question: 2 
 
For the late finish for Activity 11001, select the most appropriate response for transitioning 
from the forward pass. 
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A. 02-19-04. 
B. EF.11001. 
C. EF.11001 + 1 day. 
D. LS.11001 + 25 days. 
 
Answer: A 
 
Question: 3 
 
Identify the minimum project duration. 
 
 
A. 21 months. 
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B. 16 months. 
C. 19 months. 
D. 20 months. 
 
Answer: D 
 
Question: 4 
 
At the end of month one, did the delay to the parking structure foundation delay the project? 
 
A. Yes, by 14 calendar days. 
B. Yes, by 4 calendar days. 
C. Question: 
D. Yes, by 9 calendar days. 
 
Answer: B 
 
Question: 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? 
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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 
 
Question: 6 
 
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: 7 
 
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: 8 
 
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 
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Answer: D 
 
Question: 9 
 
Which activity is drawn in the incorrect position? 
 
 
A. Activity E. 
B. Activity 
C. Activity G. 
D. Activity 
 
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Answer: D 
 
Question: 10 
 
What is the remaining work duration of Active D? 
 
 
A. 11 
B. 8. 
C. 3. 
D. 4. 
 
Answer: D 
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