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AACE International Planning & Scheduling Professional (PSP) Exam Sample Questions (Q196-Q201):

NEW QUESTION # 196
Activity 1001 started on the scheduled date but has slipped 10 days. Activity 10002 will slip 35 days. All remaining activities retain their original duration. What is the revised completion date?

A. 03-20-04
B. 03-21-04
C. 02-19-04
D. 03-11-04

Answer: D

NEW QUESTION # 197
The schedule or budget at completion less the estimate at completion is___________.

A. the cost variance
B. the schedule variance
C. the profit or loss for the project
D. the variance at completion

Answer: D

NEW QUESTION # 198
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. NO.
D. Yes, by 9 calendar days.

Answer: D

Explanation:
* Scenario Review:
Delay in the parking structure foundation is an off-critical path activity.
No impact on the overall project completion date.
* Delay Analysis:
While the foundation activity is delayed, the float ensures that no downstream activities are impacted.
* Cross-Verification:
Option B: Incorrect. Assumes a 4-day impact.
Option C: Incorrect. Overestimates delays.
Option D: Incorrect. Miscalculates delays.

NEW QUESTION # 199
Using the "normal" schedule, given Activity 3001 and the relationship with Activity 4001, what is indicated?

A. These activities are concurrent with Activity 4001 starting 15 days after the start of Activity 3001.
B. The activities run concurrently.
C. These activities are concurrent with Activity 4001 starting 15 days earlier than the start of Activity 3001.
D. The activities occur in series with a 15-day lag.

Answer: A

Explanation:
Analyze the Relationship Details:
The table shows that Activity 3001 ("Excavation, Dam Site") and Activity 4001 ("Excavation, Spillway") have a Start-to-Start (SS) relationship with a lag of 15 days. A Start-to-Start relationship indicates that the successor activity (4001) can only start after a specified lag period once the predecessor activity (3001) begins.
Understand the Concept of Lag:
In scheduling terminology, lag refers to a delay or waiting period between the start (or finish) of one activity and the start (or finish) of a dependent activity. Here, the 15-day lag means that Activity 4001 will commence 15 days after Activity 3001 has started.
Interpret the Relationship:
The SS relationship combined with a lag indicates that the two activities (3001 and 4001) are not starting exactly at the same time but are still overlapping or concurrent. This concurrency happens after the lag period elapses.
Verify PSP Study Guide and Relevant Terminology:
According to AACE International's Recommended Practices and the PSP Certification Study Guide:
Start-to-Start relationships are widely used to model overlapping work in schedules where one activity can start before its predecessor is fully complete (PSP Study Guide, Chapter on Scheduling Relationships and Constraints).
Lags provide flexibility to model realistic conditions where tasks start partially overlapping or with delays (PSP Study Guide, Section 2.2.4 Relationships).
Cross-Check the Answer Options:
Option A (Correct): Matches the described logic - "These activities are concurrent with Activity 4001 starting 15 days after the start of Activity 3001." Option B: Incorrect - Lag is applied to the successor activity, meaning 4001 cannot start earlier than 3001.
Option C: Incorrect - This relationship (SS with a lag) indicates concurrency, not series.
Option D: Incorrect - Though concurrent, the lag makes the start times offset by 15 days, so they do not start at the same time.
Reference:
PSP Study Guide (2019), Chapter 2A - Schedule Development, Section 2.2.4 - Relationships.
AACE International Recommended Practices, RP 10S-90, "Cost Engineering Terminology." Total Cost Management Framework, Concepts of Activity Relationships and Scheduling Dependencies.

NEW QUESTION # 200
Estimate to complete (ETC) is __________________.

A. The costs actually incurred in accomplishing the work performed
B. The expected remaining cost needed to complete an activity, group of activities or the project
C. The expected total cost of an activity, group of activities or the project
D. The value of the completed work expressed in terms of the budget assigned to that work

Answer: B

Explanation:
Estimate to Complete (ETC) is the forecast of additional costs required to complete the remaining project work.
Option B refers to actual costs incurred (AC).
Option C refers to Estimate at Completion (EAC), which includes both actual costs and ETC.
Option D refers to Budgeted Cost of Work Performed (BCWP).
ETC is a critical concept for forecasting and project control as described in the PSP Study Guide.

NEW QUESTION # 201
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