Free Test Prep AACE-PSP Exam Questions

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Total 220 Questions | Updated On: Aug 19, 2026

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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

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

A : LS.10002 + 1 day -> 11-29-03.

B : LS.10002^ Lag.7 + i day -> 11-20-03.

C : LS.10002 - 1 day -> 11-27-03.

D : LS.10002 - Lag.7 - l day -> 11-20-03.

Answer: B

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

Prior to the beginning work on Activity 6001, the scope is changed by executed change order to increase the activity duration by thirty days and rock fill by 100.000 cubic meters If the project has progressed as scheduled up to the point of the executed change order, what activities would be changed on the next project update?

A : 1001 and 6001

B : 1000. 1001. and 6001

C : 9001 and 6002 and 6002

D : 1000 and 6001

Answer: D

Page: 1 / 44

Total 220 Questions | Updated On: Aug 19, 2026

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