Free AACE International AACE-PSP Exam Dumps Questions & Answers

You are the project manager of the AHQ project. This project is scheduled to last for six months and will require S345.000 to complete. If the project completes earlier than scheduled your organization will receive a bonus of S5 000 per day of early completion Management has asked you to develop an aggressive schedule to realize as much of the bonus as possible but management does not want you to increase the costs of the project beyond $1,000 per day of the bonus realization. Which of the following approaches will likely add costs to the project?

• A.Rebaseline the project
• B.Using the critical chain method
• C.Fast tracking
• D.Crashing

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.$307,000.
• B.$420,000.
• C.$524,000.
• D.$552,000.

Should activities be coded with the EBS value?

• A.Yes. the project coding should roll up to EBS values
• B.No. the EBS Is much higher than activity coding
• C.Yes. the EBS is the most important project coding level
• D.No. only a few EBS values exist at the activity level

Which of the following documents is most likely to be of the LEAST value to a planner/scheduler when planning a contractor's baseline critical path schedule for the construction of a large high-clearance bridge located very near an airport? The contractor has been awarded the contract.

• A.The project geotechnical report
• B.The government's report on future high-clearance bridge projects
• C.The project plans and specifications
• D.The regulations published by the government aviation agency

Using the normal schedule, what is the owner's total cost of the project?

• A.S13.102.900
• B.S12.990.000
• C.S12.953.600
• D.S13.990.600