AACE International AACE-PSP Exam Dumps

Compensability and Excusability:

Excusable delays are those beyond the contractor's control, while compensable delays are excusable delays for which the owner bears responsibility.

If a delay is compensable, it inherently qualifies as excusable.

PSP Study Guide Reference:

The relationship between excusability and compensability is clarified in delay analysis discussions.

Conclusion: The correct answer is D, as compensability implies excusability.

The use of a winter/wet weather seasonal calendar is essential in planning and scheduling to account for climatic conditions that can impact project timelines. The PSP Study Guide emphasizes identifying project variables, such as environmental conditions, and incorporating them into the project plan to manage risks and constraints effectively. Seasonal calendars help planners predict periods of reduced productivity, increased costs, and potential delays due to adverse weather conditions (PSP Study Guide, Subchapter 1.2.4, 'Project Variables').

These calendars are particularly useful for:

Forecasting potential schedule impacts during specific periods.

Enhancing the accuracy of risk management plans (PSP Study Guide, Section 1.3.13, 'Risk and Recovery Plan').

Aiding in decision-making regarding resource allocation during slow periods.

Late Finish (LF) Transition Rule:

Late finish (LF) is calculated by adding one day to the early finish (EF) of the final activity.

EF of Activity 11001 is given, and the late finish is simply EF+1EF + 1EF+1.

Cross-Verification with PSP Guidelines: PSP methodologies state that late finish is derived from the forward pass using early finish logic, with specific adjustments based on activity relationships (Ref: PSP Study Guide, Chapter 2A: Forward and Backward Pass Calculations).

Column Pour Requirements:

Each column pour requires 60 lifts per day.

Crane Capacity:

Each crane can perform 35 lifts per day.

Determine Minimum Cranes Required:

Minimum Cranes = Column Lifts Crane Capacity = 60 35 1.71 cranes.

Since partial cranes cannot be used, round up to 3 cranes.

Cross-Verification:

Option A (2 cranes): Incorrect. Insufficient lifts per day.

Option B (1 crane): Incorrect. Infeasible.

Option C (4 cranes): Incorrect. Exceeds requirement.

Option D (3 cranes): Correct. Satisfies lift requirements efficiently.

PSP Study Guide (2019), Sections on Equipment Productivity and Resource Allocation.

AACE Recommended Practices, RP 10S-90.

The Estimate to Complete (ETC) quantifies the cost required to complete all remaining work.

Option A (Budget at Completion - BAC) is the total approved budget.

Option B (Budgeted Cost of Work Performed - BCWP) measures earned value.

Option D (Estimate at Completion - EAC) includes both actual costs to date and ETC.

ETC is used to forecast project completion costs as outlined in standard project management practices.