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[General] AACE-PSP Latest Braindumps Book & New AACE-PSP Practice Materials

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【General】 AACE-PSP Latest Braindumps Book & New AACE-PSP Practice Materials

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AACE International Planning & Scheduling Professional (PSP) Exam Sample Questions (Q203-Q208):NEW QUESTION # 203
What is the free float for Activity F?

  • A. 0        months.
  • B. 1        months.
  • C. 2        month.
  • D. 3 months.
Answer: A

NEW QUESTION # 204
Which of the following is NOT input data to the construction planning process?
  • A. Bonding capacity of subcontractors
  • B. Input from the owner
  • C. The contract
  • D. Input from the contractor
Answer: A

NEW QUESTION # 205
Project Life Cycle Phases do NOT include the following item:
  • A. budgeting
  • B. start-up
  • C. design
  • D. procurement
Answer: A

NEW QUESTION # 206
SIMULATION
Background
Your name is Evan Marshal. You are the corporate scheduler for Happy Insurance Corporation (HIC), a general health insurance company located in Ridgemond, Illinois. HIC is very busy with 49 unique software development projects. The organization structure at HIC gives the project scheduling responsibility to the Project Manager assigned to each project. You are charged with coordination of the project schedules into a Master Schedule and quality control for scheduling on the individual development projects. You report directly to the Director of Information Services (DIS), Desmond Rayburn.
It has come to your attention Project JP-114 has fallen behind schedule and Rita Belateau, the Project Manager, wants to accelerate the project in order to reclaim lost time. Rita is a strong supporter of Total Quality Management and strives for zero failures; therefore she is assessing the need for overtime for resources assigned to an activity that is not projecting a completion prior to the early finish depicted in the current schedule.
You and Rita review the current schedule to identify which activities are on the critical path and which activities have plenty of float. The review reveals several activities have suffered less than planned productivity and have contributed to falling behind. In the process of this review, you and Rita also review the budget for Project JP-114 and notice not only the schedule has fallen behind but the cost to date is more than she had expected. To total budget is $150,000, planned to date is $30,000; expended to date is $37,000.
With nine months remaining until baseline contract completion, Rita needs to bring Project JP-114 back on track; knowing overtime for an extended period of time is not always the right answer, especially with the cost to date already over planned.
In order to truly understand the options available to help remedy the current situation, you and Rita brainstorm on several potential courses of action. All the potential courses of action will require an evaluation of budget impact versus schedule correction.
1. Pull the project team together and ensure everyone understands which activities are on the critical path. Rita would like to use the existing project team and focus them on these critical path activities, laying out a plan for periodic overtime when needed to crunch through a deliverable. This approach could add approximately 20% to the budget.
2. Outsource various modules of activities to qualified and known consultants. This could drive up the costs and must be evaluated before implemented. Having an outside source working in parallel with the project team could also accelerate the schedule to mitigate some of the delays, as well as keep overtime down to a minimum for the project team. Potentially this could add as much as 40% to the budget, but could also be very productive schedule wise.
3. Mandatory overtime for the project team - entire project goes on a 50-hour work week. If the entire project team works overtime for an extended period of time, the budget could see an additional 60% increase.
4. The project continues as is completes the project late and accepts the penalties imposed. Penalties imposed for late delivery could add as much as 50% to the budget.
Assignment
Draft a proper memorandum to Desmond Raybum, IS Director, explaining in your own words:
a). the current problem and potential impact(s);
b). each course of action, stating advantages and disadvantages as appropriate; c. your recommendations, properly supported.
Please be sure to include the rationale for your recommendations. Be sure to summarize your thoughts and address (To, From, Date, and Subject/Project Name) and close the memo appropriately. If you are uncomfortable with the courses of action noted, provide your own with appropriate substantiation for your position. Limit your answer to one, full typewritten page (roughly three handwritten pages).
While your email can be a detailed as you like, be sure to write sufficiently to address each element of the assignment, yet not so long that you go beyond the scope of the exercise.
Take time to read the problem and consider what you want Evan to say. Good luck!
Answer:
Explanation:
See the Explanation for complete Solution for this
Explanation:
To: Desmond Rayburn, Director of Information Services
From: Evan Marshal, Corporate Scheduler
Date: [Insert Current Date]
Subject: Mitigation Plan for Project JP-114 Delays
Current Problem and Potential Impacts
Project JP-114 has experienced schedule delays and cost overruns. The project has expended $37,000 against a planned budget of $30,000 to date, exceeding the planned budget by 23%. Additionally, productivity issues have impacted critical path activities, further delaying progress. With nine months remaining, failing to address these issues could result in penalties, further cost increases, and client dissatisfaction.
Courses of Action
Focus Existing Team on Critical Path with Periodic Overtime
Advantages: Uses team familiarity; incurs a moderate budget increase (20%).
Disadvantages: Risks resource strain and potential burnout if overtime is prolonged.
Outsource Work to Consultants
Advantages: Accelerates schedule by parallel work streams; minimizes internal team overtime.
Disadvantages: Higher budget impact (up to 40%); requires effective integration of external deliverables.
Mandatory Overtime (50-Hour Work Week)
Advantages: Ensures rapid progress across the project.
Disadvantages: Extremely high cost (60% increase); risks significant employee fatigue and declining morale.
Continue as Is and Accept Late Delivery Penalties
Advantages: No immediate resource strain.
Disadvantages: Significant penalties (50% budget increase); damages stakeholder confidence and corporate reputation.
Recommendation
I recommend Option 1, combined with selective outsourcing (Option 2), to achieve the best balance of cost control and schedule recovery.
Focus the internal team on critical path activities with targeted use of periodic overtime. This ensures efficient allocation of resources and minimizes strain while addressing the most urgent delays.
Outsource select non-critical tasks to experienced consultants. This parallel effort reduces the workload on the internal team, limits overtime, and accelerates overall progress.
Rationale:
This hybrid approach keeps the budget increase to approximately 30-35% while effectively addressing schedule delays. It balances cost efficiency, resource management, and stakeholder satisfaction. Proper coordination will ensure smooth integration between internal and external teams.
Conclusion
This plan provides the most feasible path to bringing Project JP-114 back on track. It mitigates risks of extended delays while maintaining budget discipline. I am available for further discussions to outline a detailed implementation plan.
Best Regards,
Evan Marshal
Corporate Scheduler

NEW QUESTION # 207
The activity with the most total float is:

  • A. Activity I.
  • B. Activity D.
  • C. Activity C.
  • D. Activity F.
Answer: A

NEW QUESTION # 208
......
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