Free Test Prep AACE-PSP Exam Questions

Become Test Prep Certified with updated AACE-PSP exam questions and correct answers

Page: 1 / 44

Total 220 Questions | Updated On: Apr 29, 2026

Add To Cart

Question 1

Determine the correct formula and date for the late finish for Activity 9004.

A : LF of 10002 less 24 days

B : LS of 9004 plus 72 days

C : LF of 8001 plus 72 days

D : LS of 10002 less lag of 7 days plus 1 day equaling 20 Nov 2023

Answer: B

Question 2

What project cost elements would NOT normally be reflected in the Activity 1000?

A : Home office expenses

B : CPM processing and updating

C : Materials used in the construction

D : Job site quality control

Answer: A

Question 3

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 good working relationship

D : evaluate float for the benefit of the contractor

Answer: A

Question 4

Which of the following statements is true?

A : In the absence of contrary contractual language network float, as opposed to project float, there is a shared commodity between the owner and contractor

B : In the absence of a contrary contractual language total float, as opposed to free float, there is a commodity belonging to the contractor

C : In the absence of contrary contractual language total float, as opposed to tree float, there is a commodity belonging to the owner

D : In the absence of contrary contractual language free float, as opposed to project float, there is not a shared commodity between the owner and the contractor

Answer: A

Question 5

Using the normal schedule, given Activity 3001 and the relationship with Activity 4001. what is indicated?

A : The activities are independent, with Activity 4001 starting 15 days earlier than the start of Activity 5001

B : These activities are partially concurrent, with Activity 4001 starting 15 days after the start of Activity 3001

C : These activities are sequential, with Activity 4001 starting 15 days earlier than the start of Activity 3001.

Answer: B

Page: 1 / 44

Total 220 Questions | Updated On: Apr 29, 2026

Add To Cart