PSP Practice Exam Questions and Answers

A.  

ADM is limited to finish-to-start logic relationships, while PDM is not.

B.  

PDM is a bar chart with network logic, while ADM is a pure logic network.

C.  

ADM is manual CPM calculations, while PDM is computerized.

D.  

ADM uses arrows, while PDM uses boxes.

A.  

Non-excusable delay

B.  

Compensable delay

C.  

Non-compensable delay

D.  

Excusable delay

A.  

06-11-02.

B.  

06-04-02.

C.  

06-18-02.

D.  

06-05-02.

A.  

The value of the completed work expressed in terms of the budget assigned to that work

B.  

The total authorized budget for accomplishing the project scope

C.  

The expected total cost of an activity, group of activities or the project

D.  

The sum of all budgets for work scheduled to be accomplished within a given time period

A.  

An activity's remaining duration.

B.  

The planned start of a successor activity

C.  

The planned start of an activity.

D.  

The actual start of an activity.

A.  

02-19-04

B.  

03-21-04

C.  

03-11-04

D.  

03-20-04

A.  

The delay must affect the critical path.

B.  

The delay must be concurrent with the delay attributable to both parties.

C.  

The delay must not cause monetary harm to the defendant.

D.  

The delay must affect the contractor's planned construction schedule.

A.  

Claims and disputes phase.

B.  

Installation phase.

C.  

Planning and design phase.

D.  

Turnover and start-up phase.

A.  

4.

B.  

11

C.  

8.

D.  

3.

A.  

7.

B.  

3.

C.  

0.

D.  

4.

A.  

Consideration of all stakeholders.

B.  

Value engineering.

C.  

Project variables.

D.  

Interest rate of owner's construction bonds.

A.  

Detailed listing of working days for each calendar used

B.  

Predecessor and successor listing with logic type and lag duration, preferably sorted by activity ID

C.  

Assigned party responsibility for each work task

D.  

Tabular listing of activities showing duration, calendar ID, early and late dates

A.  

Value of total float for individual activities

B.  

Early start and early finish date for individual activities

C.  

Value of free float for individual activities

D.  

Critical path

A.  

The amount of time an activity can be delayed without delaying the overall project completion time.

B.  

Can be positive or negative.

C.  

The amount of time an activity can be delayed without delaying the start or occurrence of any other activity or event in the network.

D.  

Computed for an activity by subtracting its early finish from its late finish, or its early start from its late start.

A.  

Labor hours or dollars.

B.  

Direct or indirect cost.

C.  

Earned or budgeted cost yearly.

D.  

Linear feet or dollars.

A.  

Issue detailed schedule updates as frequently as possible.

B.  

Obtain consent and agreement to the schedule from the key project personnel.

C.  

Include detailed and stringent set of scheduling specifications in the contract.

D.  

Allow large time contingencies on milestones and completion deadlines.

A.  

9 months.

B.  

10 months.

C.  

8 months.

D.  

7 months.

A.  

Budget at completion (BAC)

B.  

Budgeted cost of work performed (BCWP)

C.  

Estimate to complete (ETC)

D.  

Estimate at completion (EAC)