AACE Planning & Scheduling Professional (PSP) Certification Practice Exam

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• What factors contribute to determining planning duration?
• What can be inferred about activities on a near-critical path?
• Which planning document is primarily focused on outlining time sequencing?
• What is meant by a constrained resource in project management?
• Why is MIP 3.4 regarded as widely accepted in project management?
• Why is it important to document project assumptions?
• What is baseline variance in project management?
• How is resource-constrained scheduling defined?
• Which of the following represents the four relationship types in a logic diagram?
• How is schedule variance (SV) calculated?
• What is the main output of the planning phase?
• What is the Critical Path in project management?
• What are early finish and late finish in project scheduling?
• What is a project constraint?
• What is rolling wave planning?
• How can the quality of a project schedule be effectively measured?
• What concept does the phrase 'float' refer to in project scheduling?
• What key analytical method does MIP 3.4 employ?
• What does the acronym OBS stand for?
• How might the concept of a "driving relationship" affect project scheduling?
• What type of analysis is MIP 3.5 recognized for?
• What does the Performance Measurement Baseline (PMB) include?
• What is meant by "near-critical" path in project scheduling?
• What does BAC (Budget at Completion) refer to in project management?
• What does a schedule compliance review assess?
• Why is having a Performance Measurement Baseline important?
• What is a lag in scheduling?
• What is the aim of MIP 3.1 in project analysis?
• What role does contemporaneous documentation play during the delay analysis process?
• What does ETC stand for in project management?
• What is the definition of management reserve?
• What type of delays does a contractor experience during concurrent delays?
• What structure should a PSP memo follow?
• What does the term data date refer to?
• What does scope-schedule-cost integration involve?
• What is the primary purpose of the organizational breakdown structure (OBS) in cost control?
• What is an essential element of Time Impact Analysis?
• What does early start (ES) refer to in scheduling?
• What does a CPI value of less than 1.0 indicate?
• What characterizes a non-excusable delay?
• What is the purpose of a change impact fragnet in scheduling?
• Which component defines the project's objectives clearly?
• Which of the following best describes the critical path in project scheduling?
• What is one benefit of modeled analysis in project scheduling?
• Which document aligns scope, schedule, and cost?
• What is the primary focus of a scheduling tool?
• What is the fundamental purpose of a schedule update report?
• What is a logic tie in project scheduling?
• What is the purpose of stakeholder analysis?
• What’s the impact of mandatory finish constraints?
• What is meant by "establishing project goals"?
• What is a logic loop in the context of scheduling?
• What is float ownership in project management?
• Which of the following are typical Earned Value Management (EVM) data elements?
• What is a milestone?
• Which term describes the budgeted value of work scheduled to be performed?
• What does Earned Value (EV) represent?
• What is a recovery schedule?
• What are project variables?
• What is late start (LS) in project management?
• What is parametric estimating?
• What is a risk register?
• What role does the assumptions log play in project planning?
• Which of the following best describes the concept of a schedule?
• What are critical planning documents used for in project management?
• What is the main cause of float erosion?
• What is a planning package?
• What is the significance of logic in project scheduling?
• Which of the following best describes statused scheduling techniques?
• What defines a "deliverable" in project management?
• What does a phase relationship denote in project management?
• What is typically required for baseline submittal?
• How are schedule levels 1-4 categorized?
• Which scheduling technique helps to identify the duration of project tasks?
• How does delay analysis influence entitlement in project management?
• What defines a prospective analysis in project scheduling?
• What does risk exposure measure in project management?
• What are open ends in project scheduling?
• What is a recovery plan?
• What defines a "driving relationship" in the context of project scheduling?
• What does float ownership refer to in project scheduling?
• What is a planning product?
• What does EAC stand for?
• Using which measurement can you determine whether a project is delayed relative to its schedule?
• Which of the following describes the three dimensions of classification in project scheduling?
• What does a backward pass in scheduling calculate?
• When is MIP 3.3 commonly utilized?
• Which term is defined as a constrained resource that drives scheduling?
• What does Total Float indicate in a project schedule?
• Under what conditions is MIP 3.6 preferred for use?
• What does logic density measure in a project schedule?
• What outcome should a planner aim for when updating a schedule?
• What does the 'prospective modeled method' primarily involve?
• What does the term 'data date' refer to in schedule analysis?
• What is the purpose of resource leveling in project management?
• What does WBS stand for?
• What is the burden of proof in delay claims?
• What characterizes a deterministic schedule?
• What is the primary goal of schedule development?
• What is one reason for conducting a delay analysis?
• What is the main concept of MIP 3.2?
• Which of the following is considered the most common logic error in scheduling?
• What does a deterministic schedule usually fail to consider?
• What method does MIP 3.3 use to analyze delays?
• What is the primary purpose of a fragnet in forensic analysis?
• Who is responsible for approving the baseline plan in a project?
• What is typically modeled using a fragnet?
• Which of the following is NOT a component of Earned Value Management?
• Which of the following best describes a monitoring schedule?
• In project scheduling, what is a retrospective analysis?
• What defines a hammock activity in a project schedule?
• What is the primary function of the windows analysis method?
• What does activity splitting refer to in project management?
• What is the primary purpose of updates in project scheduling?
• What does a modeled method aim to achieve in forensic analysis?
• How is the Schedule Performance Index (SPI) calculated?
• What are key planning outputs in project management?
• What is the purpose of a project charter?
• What is the main goal of the PSP memo?
• How is an excusable delay defined in project management?
• What are Method Implementation Protocols (MIPs)?
• How is VAC (Variance at Completion) calculated?
• What does a constraint override mean in project scheduling?
• What is scope creep?
• Which MIPs are considered most defensible when the schedule logic is poor?
• What is meant by negative float in project scheduling?
• What does CBS stand for?
• What does MIP 3.1 primarily focus on?
• In project scheduling, what does float represent?
• Which analysis method uses schedule simulation to analyze impacts?
• Which of the following is considered a main planning risk?
• Which of the following is NOT a characteristic of observational methods?
• What does the Code of Accounts help with in project management?
• What is a resource calendar in project scheduling?
• What is defined as the actual start date of an activity?
• When is MIP 3.1 most suitable for usage?
• What is a key ethical duty of a PSP?
• What is the purpose of an S-curve in project management?
• What does it imply if a delay is categorized as excusable?
• What is the first step in the process of schedule creation?
• Why is timely documentation important in project management?
• What are planning considerations?
• In delay claims, what aspect is critical for supporting arguments?
• What does a "fragnet insertion" involve in project scheduling?
• What is a baseline schedule used for?
• What does variance analysis in schedule maintenance indicate?
• When is constructability input considered most effective?
• Which of the following statements is true about project baselines?
• What is a planning assumption?
• What is a fragnet in the context of scheduling?
• What distinguishes WBS from OBS?
• What is computed during a forward pass in scheduling?
• What tone should the PSP memo use?
• What is phase definition in project management?
• What is constructability review?
• What does MIP 3.6 primarily compare in schedule updates?
• In the context of project management, if a project has a CPI of 0.85, what does this signify?
• What is the purpose of the TIA method in project scheduling?
• What does excessive float in a schedule usually indicate?
• What is a linear schedule commonly used for?
• In which situation would a pacing delay likely occur?
• What role does earned value analysis play in project management?
• What is the key difference between lag and lead time in scheduling?
• What does contemporaneous documentation refer to?
• What does a P90 forecast indicate?
• What does contemporaneous documentation refer to?
• Which scenario describes a pacing delay?
• What does a Schedule Narrative encompass in project scheduling?
• What limitation is associated with MIP 3.2?
• What distinguishes CPM from PERT in project scheduling?
• What type of analysis does MIP 3.4 represent?
• What does CPM stand for in project management?
• Why is it important to adjust a schedule regularly?
• When is retrospective analysis generally preferred over prospective methods?
• What is a risk-adjusted schedule?
• What is the definition of Free Float?
• What does the cost of poor planning generally result in?
• What is the goal of value engineering?
• Which of the following is NOT one of the three dimensions classified in 29R-03?
• Which three elements are identified as primary project constraints?
• How does a probabilistic schedule differ from a deterministic schedule?
• What does resource smoothing entail?
• Which analysis focuses on analyzing future project impacts during execution?
• How does a risk-adjusted schedule help in project management?
• What is a stakeholder review?
• What is the critical path index (CPI) used for?
• What does adding buffer time to a project schedule typically achieve?
• What implication does an SPI value of less than 1.0 have?
• What is one key benefit of using a Work Breakdown Structure (WBS)?
• Which MIPs do not require the insertion or removal of fragnets?
• What does resource leveling accomplish in project scheduling?
• What is meant by float path?
• Which of the following best describes the usage of an S-curve?
• Which value represents the forecasted cost to complete the remaining work?
• What is the purpose of the schedule basis document in project management?
• Which document details the hierarchy of project scope?
• What does qualitative risk analysis involve?
• In project management, what does the term "stakeholder" refer to?
• What is a periodic forecast?
• What does lead time refer to?
• What is the purpose of a schedule review checklist?
• What does the term 'Milestone' refer to in project scheduling?
• What does an early finish date represent in project scheduling?
• What defines a work calendar in project management?
• What tool defines stakeholder responsibilities?
• What key aspect defines a successful retrospective analysis?
• What is a key benefit of stakeholder alignment in planning?
• What is meant by concurrent delay?
• What does Actual Cost (AC) refer to?
• What is the first input to planning?
• In the context of MIP analysis, what is the significance of having sound logic?
• Why is earned value used in scheduling?
• Why might MIPs 3.2 and 3.6 be specifically chosen during poor schedule logic situations?
• What does the collapsed as-built method aim to achieve?
• What is a composite crew?
• What is the longest path method used for?
• Why is it important to align the Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS)?
• What is the formula for Cost Performance Index (CPI)?
• What is the intent of a schedule update?
• Which method is primarily used to analyze past project performance?
• Which of the following is a defining trait of non-excusable delays?
• What is an observational method in forensic scheduling?
• What defines a Finish-to-Start (FS) relationship?
• Which MIP is aligned with TIA guidance as per RP 52R-06?
• Which of the following methods is classified as an observational method?
• Why is education/skill level relevant in planning?
• What does a critical path in scheduling indicate?
• What is the CBS used for?
• What does contingency refer to in the context of project budgets?
• What does a scheduling spec typically include?
• What is a milestone in project management?
• How are assumptions critical to project scheduling?
• What constitutes schedule manipulation?
• What practice best protects against delay disputes?
• How can schedule changes impact stakeholders?
• What is a resource histogram?
• What is a significant risk associated with MIP 3.5?
• Why are schedule specs critical?
• What does "input data" mean in planning?
• When is the Time Impact Analysis (TIA) method best utilized?
• What is the main purpose of forensic schedule analysis?
• What is the purpose of a control account in project management?
• What is a control account in project management?
• What is a constraint in scheduling?
• What characterizes a logic-driven schedule?
• What type of analysis is often the first step in risk management?
• What does EVM stand for in project management?
• What does the term "planning hierarchy" refer to?
• What is a significant risk when using Time Impact Analysis (TIA) retrospectively?
• Why is float erosion significant in delay analysis?
• Which method is described by MIP 3.2?
• What purpose do schedule logs serve in delay analysis?
• What does MIP 3.4 refer to?
• What does resource over-allocation refer to?
• What is the EIA-748 standard primarily concerned with?
• What is float ownership?
• Which type of relationship is described as a success where a successor cannot finish until a predecessor starts?
• What are the primary outputs of schedule maintenance?
• What is re-baselining in project management?
• What does "constructability" in schedule modeling refer to?
• What is meant by scope definition in project management?
• What does EAC represent in project management?
• What is the primary function of a lookahead schedule?
• Why is forensic analysis typically separated from cost impact in project management?
• What does open-ended logic refer to in project management?
• What is the purpose of a baseline?
• What is a planning constraint?
• Which MIP is most often accepted in disputes for retrospective analysis?
• What is the significance of schedule transparency?