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What is the duration, language, and format of the Planning & Scheduling Professional (PSP) Exam
- Format: Multiple choice, compound, scenario questions + 1 memo writing assignment
- Duration of Exam: 5 hours
- Total questions: 119
- Passing score: 70%
- Language of Exam: English
NEW QUESTION 55
You are developing a detailed critical path schedule for a proposed petrochemical plant. The schedule will become a part of the project baseline document, which will be sent to the company's board of directors for its consideration. What document or resource is likely to be MOST valuable in determining the schedule's work activity durations?
- A. The Petrochemical Industry New Plant Task Duration Handbook.
- B. The cost estimate for the plant prepared by your firm's estimating department.
- C. Industry publications.
- D. Critical path schedules prepared by you for similar completed projects.
Answer: D
NEW QUESTION 56
Activity durations are normally estimated in an intuitive and subjective way. All of the following will improve duration accuracy EXCEPT
- A. Look at each activity independently and don't follow specific logic paths when assigning activity durations.
- B. Use the people responsible for performing the work as a resource to assign activity durations.
- C. Divide activities into smaller activities. This will increase activity detail and duration estimate accuracy.
- D. Use gross building square footages. The pluses and minuses all average out.
Answer: D
NEW QUESTION 57
Which of the following are NOT normally included in the project scope statement, either directly or by reference?
- A. Project justification
- B. Project deliverables
- C. Project objectives in terms of cost, schedule and quality measures
- D. Project contract between the contractor and owner
Answer: A
NEW QUESTION 58
What is the actual duration as of the status date or data date of Activity B?
- A. 7.
- B. 4.
- C. 0.
- D. 3.
Answer: D
NEW QUESTION 59
How much Total Float does drafting the product manual have?
- A. 15 workdays.
- B. 0 workdays.
- C. 10 workdays.
- D. 5 workdays.
Answer: C
NEW QUESTION 60
Scenario:
The entire network consists of the following activities and relationships. Activity A is twenty days long and is tied to Activity B, a ten-day activity, with a finish-to-finish tie with a lag value of five Activity B is tied to Activity C, a twenty-day activity, with a start-to-start relationship with a lag value of five.
PSP Activities Table
Scope Known about Rock-Filled Dam Project:
The dam requires river diversion and work over two or more rainy seasons. The contract is lump sum, competitively bid, and will be self-performed. The owner has attempted to shift all risk to the contractor by employing "no differing sit conditions" and "no damage for delay" clauses. There is a bonus/penalty provision of $2,500 per calendar day for early or late delivery. The early completion bonus is capped at $500,000, with no cap for late delivery penalty.
Liquidated damages end at the finish of demobilization. Indirect costs per calendar day are $2,800 for the
"normal" schedule and $3,200 for the "crashed" schedule. The winter/wet weather season is 151 days between October 15 and March 25 of each year, reduces the efficiency of the contractor's operations by 20% and costs the contractor $10,000 per day. Assume a start date of March 5, 2001 and use a 7-day work week.
The following table lists work activities as planned by the contractor.
Theoretically construct a summary activity for only those activities with a finish-to-start relationship for Activities 8001 through 10001. Using the "normal" schedule, what is the cost of this hammock?
- A. $420,000.
- B. $524,000.
- C. $307,000.
- D. $552,000.
Answer: D
NEW QUESTION 61
If drafting of the product manual overruns its planned duration by 5 days, how many days may the manufacturing be delayed without affecting release of the product?
- A. 10 days.
- B. 5 days.
- C. 0 days.
- D. 15 days.
Answer: C
NEW QUESTION 62
Using the "normal" schedule, theoretically construct a hammock for activities 6001-6003. What is the duration of the hammock?
- A. 362 days
- B. 267 days
- C. 407 days
- D. 255 days
Answer: C
NEW QUESTION 63
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-start to relationship for both activities 6001 and 6002 with a ten-day lag assigned to activity
6002. - B. A finish-to-start relationship with a ten-day lag assigned to activity 6002; activity 6001 will be dependent on activity 6002
- C. A start-to-start relationship with a ten-day lag assigned to activity 6001; activity 6002 will be dependent on activity 6001
- D. A start-to-finish relationship with both activities 6001 and 6002 having a ten-day lag
Answer: B
NEW QUESTION 64
An earned value-based project control system can use either of which two budgets as the basis of its calculations?
- A. Labor hours or dollars.
- B. Earned or budgeted cost yearly.
- C. Linear feet or dollars.
- D. Direct or indirect cost.
Answer: B
NEW QUESTION 65
What is the result of a forward pass calculation?
- A. Early start and early finish date for individual activities
- B. Value of total float for individual activities
- C. Value of free float for individual activities
- D. Critical path
Answer: A
NEW QUESTION 66
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 67
Project schedules help control all of the following EXCEPT for_____________________.
- A. Cost
- B. Quality
- C. Resources
- D. Time
Answer: B
NEW QUESTION 68
Determine the correct formula and date for the late finish for Activity 2001.
- A. LF.2001 - 1 day -> 08-28-01.
- B. LS.2002- 1 day-> 08-29-01.
- C. LS.2002 - 1 day -> 08-28-01.
- D. LS.2002 + 1 day -> 08-30-01.
Answer: C
NEW QUESTION 69
Midway through the project you received an executed change order for this project, adding thirty-three days to the contract for weather delays. In its simplest form, how would your next project update display the changed condition?
- A. After Activity 1000, add a new Activity 1050 with a start-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-finish relationship to the final activity of the project.
- B. After Activity 1001, add a new Activity 1011 with a finish-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-start relationship to the final activity of the project.
- C. After Activity 1000, add a new Activity 1010 with a finish-to-start relationship to Activity 1000, and tie the end of this new activity with a finish-to-start relationship to the final activity of the project.
Answer: B
NEW QUESTION 70
What method offers the best chance of the schedule being used effectively to implement the project in the field?
- A. Issue detailed schedule updates as frequently as possible.
- B. Allow large time contingencies on milestones and completion deadlines.
- C. Include detailed and stringent set of scheduling specifications in the contract.
- D. Obtain consent and agreement to the schedule from the key project personnel.
Answer: D
NEW QUESTION 71
Each column must be poured in one day. Each column requires 2,000 cubic feet of concrete. The lift bucket has a capacity of 40 cubic feet. How many lifts will be required per column pour?
- A. 5 lifts
- B. 80 lifts
- C. 50 lifts
- D. 20 lifts
Answer: C
NEW QUESTION 72
What does the narrow band at "Y" represent?
- A. A rework period.
- B. Activity inactivity.
- C. Resource limitation period.
- D. You cannot tell with the information supplied.
Answer: B
NEW QUESTION 73
Using the "normal" schedule, if you start Activity 7001 on April 1, 2002, and using a 5-day workweek, what the finish date for Activity 7001?
- A. 06-04-02.
- B. 06-05-02.
- C. 06-11-02.
- D. 06-18-02.
Answer: B
NEW QUESTION 74
Project delays are best analyzed
- A. By an expert after the project is finished when complete records are available and the impact is known.
- B. Contemporaneously with the delay.
- C. Late in the project.
- D. After either the contractor or the owner acknowledges ^responsibility for the delay.
Answer: A
NEW QUESTION 75
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. 36.
- B. 40.
- C. 42.
- D. 37.
Answer: A
NEW QUESTION 76
Resource planning must take all of the following into account except for
- A. Time available to complete the project.
- B. Cash flow (expenditure) limitations for completing work on the project.
- C. Types of materials, equipment and labor skills required to complete the project.
- D. Earned value techniques established for the project.
Answer: D
NEW QUESTION 77
In a "crashed" schedule, which is a chain of activities that precede activity 2004?
- A. 1001, 2001, 2002, 2003
- B. 1001, 2002, 2003
- C. 1001, 2002, 2002, 2003, 3001
- D. 2001, 2002, 2003, 2007
Answer: A
NEW QUESTION 78
What does the heavy, vertical line at "X" represent?
- A. Change-over limits.
- B. The status or data date.
- C. International Date Line.
- D. Delay fault line.
Answer: B
NEW QUESTION 79
Which letter of the alphabet best approximates the graphical shape of a project's cumulative cost baseline, or budgeted cost of work scheduled?
- A. B.
- B. W.
- C. C.
- D. S.
Answer: D
NEW QUESTION 80
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