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To be eligible for the AACE-PSP Certification Exam, candidates must meet certain requirements. They must have at least four years of professional experience in planning and scheduling, a bachelor's degree from an accredited institution or equivalent, and references from professional peers. Candidates who do not have a bachelor's degree may still be eligible if they have additional years of experience.

AACE International AACE-PSP certification program is open to professionals with a minimum of four years of industry experience. Candidates who meet this requirement must also pass an online exam that tests their knowledge and skills in various areas of project planning and scheduling.

AACE International AACE-PSP (Planning & Scheduling Professional (PSP)) Certification Exam is a globally recognized certification program that evaluates the knowledge and skills of individuals in the fields of project planning and scheduling. Planning & Scheduling Professional (PSP) Exam certification is offered by the Association for the Advancement of Cost Engineering (AACE) International, a professional society for cost engineers, project managers, and other professionals involved in the management of cost and schedule in the construction, engineering, and related industries.

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AACE International Planning & Scheduling Professional (PSP) Exam Sample Questions (Q20-Q25):

NEW QUESTION # 20
Assuming activities 2001 through 2004 comprise the same WBS element, construct a WBS summary activity for activities 2001 through 2004. Use the normal schedule, what is the cost of the activity?

A. $193,000
B. $327,000
C. $289.000
D. $321.000

Answer: D

Explanation:
* A WBS summary activity aggregates costs of constituent activities (2001 through 2004).
* By summing the costs of activities as outlined in the schedule, the total cost for the WBS summary activity is calculated as $321,000.
* Reference: PSP Study Guide, Section 1.3.7 - Establish Work Breakdown Structure, elaborates on cost consolidation at WBS levels.

NEW QUESTION # 21
Project Life Cycle Phases do NOT include the following item:

A. budgeting
B. design
C. procurement
D. start-up

Answer: A

NEW QUESTION # 22
What does the heavy, vertical line at "X" represent?

A. International Date Line.
B. Delay fault line.
C. Change-over limits.
D. The status or data date.

Answer: D

NEW QUESTION # 23
Management has determined the need to release the product 20 days earlier than planned. What tasks need to be expedited?

A. Printing the Manual.
B. Packaging only.
C. Drafting and Proofing the Manual.
D. Testing, Manufacturing and Packaging.

Answer: D

Explanation:
* Requirement to Expedite:
To release the product 20 days earlier, critical path activities must be expedited.
Critical path activities: A (Testing), D (Manufacturing), G (Packaging).
* Excluded Activities:
Activities like drafting (Activity C) or proofing (Activity F) are not critical and do not impact the total project duration.
* Verification with PSP Guidelines:
PSP guidelines emphasize expediting critical path tasks for schedule acceleration (Ref: PSP Study Guide, Chapter 2B: Schedule Compression Techniques).

NEW QUESTION # 24
Which of the following are NOT considerations or constraints of the planning process for construction scheduling?

A. Interest rate of owner's construction bonds.
B. Project variables.
C. Consideration of all stakeholders.
D. Value engineering.

Answer: A

NEW QUESTION # 25
......

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