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AACE AACE-PSP Practice Exam Questions
Planning & Scheduling Professional (PSP) Exam
Total Questions : 216
Update Date : October 06, 2026
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AACE AACE-PSP Sample Question Answers
Question # 1If after calculating a schedule an activity exhibits negative total float, which of the followingis certain? The activity
A. Is a milestone.
B. It is on the critical path.
C. Was completed in the past.
D. Has yet to be completed.
Question # 2
You are providing construction management services for a small office building project.Your duties include reviewing and approving the contractor's baseline schedule. Thecontractor has submitted the first baseline schedule for the project.The contractor has included codes for each activity that identify {1) the category of workand (2) the trade/subcontract performing the work. What can this code information be usedfor?
A. Group schedule activities together based on their start dates
B. Display detailed information regarding the sequencing of activities in the schedule
C. Organize reports to group related work activities
D. Display resources me contractor plans to use on each activity
Question # 3
When are project planning and scheduling specifications established?
A. Before me NTP
B. Before the tendering documents are finalized
C. After the bid price is accepted
D. During the bidding process
Question # 4
The BEST reason to use multiple calendars is to:
A. more accurately show how the project will be built
B. allow each specialty contractor to have a unique schedule of work/non-work periods
C. track owner activities according to their specific calendar in order to develop a goodworking relationship
D. evaluate float for the benefit of the contractor
Question # 5
Value engineering is:
A. targeted at the design itself
B. intended to provide the least life-cycle cost
C. established to provide the greatest value
D. intended to determine if the project will be completed economically
Question # 6
When using a detailed estimate as the basis for work package/activity durations, whichelement does NOT need to be identified before the activity durations can be calculated?
A. Projected crew size
B. Estimated labor hours
C. Hours in a standard work day
D. Estimated cost
Question # 7
If a detailed estimate is NOT available to assist in the formulation of activity durations butunit quantities have been identified, what information can be utilized to estimate workpackage/activity durations?
A. The Eichleay formula
B. Historical production rates
C. Time impact analysis
D. Black-Scholes model
Question # 8
The project goals_________.
A. are the foundation for breakdown structures
B. are defined independent of any external stakeholder opinions
C. quantify performance and interface requirements
D. consider all aspects of the project
Question # 9
The addition of which of the following relationships would cause a logic loop?
A. O H - D
B. O C - J
C. O F-I
D. O l-C
Question # 10
Free float is the
A. Difference between the early dates and late dates of an activity.
B. Amount of time the early start of an activity can be delayed without impacting the earlystart of the successor activity.
C. Difference between the early finish dates and late finish dates of an activity.
D. Difference In float value of the critical path activities and the float value of the specificactivity being analyzed.
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