AACE International Updated PSP Exam Questions and Answers by nel

 Understanding the Requirement:

The "normal" schedule duration is 1072 days for Activity 1000 (General Conditions).

Billing occurs at the end of each month for the previous month.

Partial months are included in billing cycles.

 Total Project Duration in Months:

Total days: 1072.

Convert to months: 107230.44≈35.2\frac{1072}{30.44} \approx 35.230.441072​≈35.2 months.

Include partial months, which adds 1 additional invoice.

 Total Invoices:

Full months: 35.

Partial months: 7 (assuming each partial month is rounded up to include invoicing).

Total invoices = 35+7=4235 + 7 = 4235+7=42.

 PSP Principles Cross-Verification:

PSP guidelines emphasize accurate conversion of schedule durations into calendar billing periods for effective cash flow management (Ref: PSP Study Guide, Chapter 2B: Schedule Output and Deliverables).

 The column volume is 2,000 cubic feet (56.64 cubic meters), and each lift using a 1.75 cubic yard bucket corresponds to: Lifts required=Column volume (cubic yards)Bucket capacity (cubic yards)\text{Lifts required} = \frac{\text{Column volume (cubic yards)}}{\text{Bucket capacity (cubic yards)}} Lifts required=Bucket capacity (cubic yards)Column volume (cubic yards)​ Convert 56.64 cubic meters to cubic yards: 56.64×1.308=74.1456.64 \times 1.308 = 74.1456.64×1.308=74.14. Lifts required=74.141.75≈133 lifts.\text{Lifts required} = \frac{74.14}{1.75} \approx 133 \text{ lifts}.Lifts required=1.7574.14​≈133 lifts.

 References: PSP Study Guide, Section 1.3.7 – Resource Calculations and Allocation, which emphasizes unit conversions and resource management.

 Activity 2002 in the Crashed Schedule:

Activity 2002 duration in the crashed schedule is 28 days.

Start Date: 12 August 2021.

Finish Date = Start Date + Duration (excluding non-working days).

 Calculation:

12 August + 28 days = 09 September 2021 (excluding weekends or non-working days based on typical calendars).

 Verification with PSP Guidelines:

Accurate calculation of start and finish dates aligns with scheduling best practices (Ref: PSP Study Guide, Chapter 2A: Schedule Development).