Demo AACE International AACE-PSP Exam Questions

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Question 1

Which of the following is NOT a tool or technique used to perform scope planning? 

Correct Answer: B
Explanation:
Scope Planning Tools and Techniques: Tools for scope planning include methods to define and refine the project scope. These involve cost benefit analysis, expert judgment, and alternatives identification. Schedule performance indexing is a performance tracking tool used during execution and is unrelated to scope planning. PSP Study Guide Reference: Scope planning methods are detailed in the PSP guide, emphasizing tools like expert judgment, alternatives analysis, and structured decision-making techniques. Analysis for Selection: Option A: A common method to analyze the costs and benefits of scope components. Option B: Incorrect. This is a tracking tool, not a scope planning method. Option C: Expert judgment is a key technique in defining project scope. Option D: Alternatives identification supports exploring various approaches to project goals. Conclusion: The correct answer is B, as schedule performance indexing is not a scope planning tool.
Question 2

Which of the following is NOT required when initially planning a project? 

Correct Answer: A
Explanation:
Project Initial Planning: Initial planning focuses on defining project scope, tasks, durations, and logical relationships to establish a baseline schedule. Resource Identification and Leveling is typically part of detailed scheduling and execution planning phases, not the initial planning. PSP Study Guide Reference: Resource identification is covered under detailed schedule development, whereas initial planning emphasizes tasks, durations, and dependencies. Analysis for Selection: Option A: Not required in initial planning. Option B: Defining durations is fundamental to planning. Option C: Identifying tasks is essential to building the schedule. Option D: Logical relationships ensure task dependencies are understood. Conclusion: The correct answer is A, as resource identification and leveling are subsequent processes in scheduling rather than initial planning.
Question 3

In order for a claimant to be entitled to an extension of contract time for a delay event (and further to be considered compensable):

Correct Answer: A
Explanation:
Critical Path and Delays: A delay must impact the critical path to qualify for a time extension or compensable delay, as the critical path determinesthe project's overall completion time. If the critical path is not affected, the delay is considered to have "float," which means it does not affect the project's completion date and, therefore, may not be compensable. PSP Study Guide Reference: Delays impacting the critical path are emphasized in the PSP Study Guide under schedule analysis and delay management sections. The claimant must demonstrate that the delay impacts key project milestones and overall project completion. Analysis for Selection: Option A: Correct. A delay that does not affect the critical path does not result in additional time or compensation. Option B: Concurrent delays involve shared responsibility and may complicate claims for compensation but are not a strict requirement for delay consideration. Option C: Monetary harm is not directly relevant to time extension entitlement. Option D: While planned schedules are significant, the focus is on the project's critical path, not just the contractor's planned sequence. Conclusion: The correct answer is A because affecting the critical path is the key determinant for entitlement to a time extension or compensable delay.

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