PSP Exam Questions
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PSP Paper - 1
P.1 Which of the following is generally the MOST correct use of a project network diagram?
A. Showing the project schedule
B. Documenting task interdependencies
C. Defining project resources
D. Defining the project costs
P.2 At a minimum, periodic forecasts must be done at what interval?
A. monthly
B. as requested by the owner
C. as requested by the project manager
D. as specified in the contract documents
P.3 The calculated duration for a project is 28.166. The standard deviation is 5.5. What technique would you use to compute the probability of completing a project on a specific day?
A. PERT formula
B. Monte Carlo simulation
C. Probability analysis
D. Variance analysis
P.4 The best reason to use multiple calendars is to ___________
A sequence the float for the benefit of the contractor
B more accurately show how the project will be built
C give specialty contractors the information they need
D track owner activities according to their specific calendar in order to develop a good working relationship P.5 During planning you discover that the time needed to complete the project is longer than the time available. What do you do?
A. Tell the customer that the required date cannot be met
B. Tell management that the required date cannot be met
C. Spend time determining what work can be done for the length of time available and accomplish only that work
D. Determine options for crashing and/or fast tracking the project and present management with your recommended option
P.6 Free float is the ____________
A difference between the early dates and late dates of an activity
B amount of time an activity can be delayed without impacting the early start of the successor activity. C difference in float value of the critical path activities and the float value of the specific activity
PSP S1
AACEI-UAE
Page |2
being analyzed
D difference between the early finish dates and late finish dates of an activity
P.7
PSP Paper - 1
P.1 Which of the following is generally the MOST correct use of a project network diagram?
A. Showing the project schedule
B. Documenting task interdependencies
C. Defining project resources
D. Defining the project costs
P.2 At a minimum, periodic forecasts must be done at what interval?
A. monthly
B. as requested by the owner
C. as requested by the project manager
D. as specified in the contract documents
P.3 The calculated duration for a project is 28.166. The standard deviation is 5.5. What technique would you use to compute the probability of completing a project on a specific day?
A. PERT formula
B. Monte Carlo simulation
C. Probability analysis
D. Variance analysis
P.4 The best reason to use multiple calendars is to ___________
A sequence the float for the benefit of the contractor
B more accurately show how the project will be built
C give specialty contractors the information they need
D track owner activities according to their specific calendar in order to develop a good working relationship P.5 During planning you discover that the time needed to complete the project is longer than the time available. What do you do?
A. Tell the customer that the required date cannot be met
B. Tell management that the required date cannot be met
C. Spend time determining what work can be done for the length of time available and accomplish only that work
D. Determine options for crashing and/or fast tracking the project and present management with your recommended option
P.6 Free float is the ____________
A difference between the early dates and late dates of an activity
B amount of time an activity can be delayed without impacting the early start of the successor activity. C difference in float value of the critical path activities and the float value of the specific activity
PSP S1
AACEI-UAE
Page |2
being analyzed
D difference between the early finish dates and late finish dates of an activity
P.7