AACE International AACE-PSP Exam Dumps

The linear scheduling velocity diagram uses time on one axis and location on the other. This graphically represents the progression of work at various locations over time.

Option C (time and rate of progress) and Option D (time and crew size) refer to related concepts but do not accurately describe the axes.

Option A (location and crew size) is unrelated.

This aligns with graphical techniques discussed for construction scheduling.

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).

Hammock Cost for Activities 2001--2004:

Activity 2001: Cost = $150,000.

Activity 2002: Cost = $25,000.

Activity 2003: Cost = $20,000.

Activity 2004: Cost = $96,000.

Calculate Total Cost:

Total cost = $150,000 + $25,000 + $20,000 + $96,000 = $271,000.

Cross-Verification with Answer Options:

Option B: Incorrect. Overstates cost.

Option C: Incorrect. Understates cost.

Option D: Incorrect. Overstates cost.

Option A: Correct. Matches the calculated cost.

PSP Study Guide (2019), Section on Summary and Hammock Activities.

AACE Recommended Practices, RP 10S-90.

The early finish date and total float are determined using CPM calculations. The PSP Study Guide outlines that early finish is calculated as the early start date plus activity duration, adjusted for calendar constraints (PSP Study Guide, Subchapter 2.2.5, 'Constraints and Calendars').

Steps:

Determine early start using forward pass calculations.

Add the activity duration.

Consider non-working days or holidays as per the project calendar.

Calculate float as the difference between late start and early start or late finish and early finish.