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AACE International Certification
AACE-PSP Exam
AACEInternational.AACE-PSP.v2026-03-23.q100 Dumps

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Question 86

When are project planning and scheduling specifications established?

A.Before the tendering documents are finalized
B.Before me NTP
C.After the bid price is accepted
D.During the bidding process

Correct Answer: A

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Question 87

Determine the correct formula and date for the late finish for Activity 2002.

A.LS.2003 - 1 day -> 11.06.01.
B.LS.2003 - 1 day -> 10-06-01.
C.LS.2003 + 1 day -> 10-07-01.
D.LS.2003 - 1 day -> 10-05-01.

Correct Answer: D

* Activity Relationships:
Activity 2002 is directly succeeded by Activity 2003 in the schedule.
The late start (LS) of Activity 2003 determines the late finish (LF) of Activity 2002, adjusted by any lags or additional constraints.
* Late Finish Calculation Formula:
LF of 2002 = LS of 2003 - 1 day.
This accounts for the predecessor-successor logic and the sequence of activities.
* Date Calculation:
Late start of 2003 = 10-06-01.
Late finish of 2002 = 10-06-01 - 1 day = 10-05-01.
* Verification:
PSP guidelines emphasize that late finish values are derived by subtracting any relevant time constraints from the successor's late start (Ref: PSP Study Guide, Chapter 2A: Backward Pass Calculations)

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Question 88

Of the following update procedures, which is the least important in achieving an accurate forecast for completion of a construction schedule?

A.Estimating remaining durations of activities.
B.The correct recording of actual start dates.
C.Making "downstream" logic revisions as required.
D.Entering the time impacts of delays and change orders.

Correct Answer: C

* Schedule Update Procedures:
Accurate schedule updates rely on entering actual data (start/finish dates, durations) and evaluating impacts of changes.
"Downstream" logic revisions may be needed but are less critical compared to ensuring accurate historical data and reflecting immediate changes.
* PSP Study Guide Reference:
Schedule updating emphasizes capturing accurate historical data and estimating remaining durations accurately.
* Analysis of Options:
Option A and B: Key to progress tracking and forecasting.
Option D: Essential for reflecting impacts of delays and change orders.
Option C: While important, downstream logic revisions are less immediate compared to other procedures.
* Conclusion: The correct answer is C, as downstream logic revisions are less critical in achieving an accurate schedule forecast compared to other updates

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Question 89

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 -> 08-30-01.
D.LS.2002 - 1 day -> 08-28-01.

Correct Answer: B

* Activity Details (2001 - "River Diversion Stage 1"):
Successor: 2002 ("River Diversion Stage 2").
Relationship: Finish-to-Start (FS) with no lag.
Normal schedule duration for Activity 2001 = 92 days.
* Backward Pass Calculation for Late Finish (LF):
The Late Finish (LF) of Activity 2001 is derived from the Late Start (LS) of its successor, Activity 2002.
Formula: LF.2001 = LS.2002 - 1 day.
* Date Calculation:
Given: LS.2002 = 08-30-01 (as per data in the schedule).
LF.2001 = LS.2002 - 1 day = 08-30-01 - 1 day = 08-29-01.
* Cross-Verification with Answer Options:
Option A: Incorrect. Misrepresents the Late Finish formula.
Option C: Incorrect. Adds 1 day instead of subtracting.
Option D: Incorrect. Incorrect date application.
Option B: Correct. Matches both formula and calculation.

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Question 90

In the "normal" schedule, excluding Activity 1000, what activity(s) are concurrent with Activity 3001?

A.4001, 5001 and 6001.
B.2004.
C.4001 and 5001.
D.2003 and 7001.

Correct Answer: C

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