Free Test Prep AACE-PSP Exam Questions

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Total 220 Questions | Updated On: Mar 11, 2026

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Question 1

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 2

During proofing of the product manual, a problem was discovered requiring 15 days additional time to affect a correction. How can the date of availability be maintained?

A : Expedite Draft Product Manual by 5 days

B : Delay Release for Manufacture by 5 days

C : Delay Manufacture Product by 5 days

D : Expedite Package Product by 5 days

Answer: A

Question 3

Which of these letters, symbols or words best approximates the graphical shape of a project's cumulative BCWS?

A : /

B : Bell curve

C : S

D : _

Answer: C

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

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

Page: 1 / 44

Total 220 Questions | Updated On: Mar 11, 2026

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