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How to Prepare For Planning & Scheduling Professional (PSP) Exam
Preparation Guide for Planning & Scheduling Professional (PSP) Exam
Introduction
The Planning & Scheduling Professional PSP exam test is administered by AACE International, the Association for the Advancement of Cost Engineering. In 1956, during the organizational meeting of the American Association of Cost Engineering at the University of New Hampshire in Durham, New Hampshire, 59 cost estimators, and cost engineers founded AACE International (Association for the Advancement of Cost Engineering). The International Headquarters of AACE is based in Morgantown, West Virginia, USA. AACE is a specialized non-profit organization. The Board of the Council of Engineering and Technical Specialty Boards (CESB) is a member of AACE International.
AACE operates eight qualification programs at present. Both include the agreement and passing of an evaluation to adhere to a canon of ethics. Most require previous experience in the industry and may provide recertification through continuing education or reexamination. Six of these certifications are accredited by the Council of Engineering and Scientific Specialty Boards (CESB).
This exam guide is intended to aid in achieving AACE's specialty certification with the best possible grades. It will enable you to understand the scope of the Planning & Scheduling Professional (PSP) Exam and help you to prepare for it successfully by making use of the provided PSP exam dumps. This guide includes information on the certification test target audience, recommended preparation and documentation, and a full list of exam targets, all to help you obtain a passing grade. To increase your chances of passing the test, AACE strongly recommends a mix of on-the-job experience, course attendance, and self-study, and taking the PSP practice exams. This guide contains useful references for detailed knowledge.
Topics of Planning & Scheduling Professional (PSP) Exam
The Planning & Scheduling Professional (PSP) Exam consists of two main sections, Planning and Scheduling, each further broken down into two sub-sections. The core topics for each of the two sections are listed below. These contents are likely to be used for the examination. However, on any particular delivery of the test, other similar topics could also appear.
Applicants are recommended to use these contents and/or other resources including PSP exam dumps where possible to provide background information on the exam objectives. The syllabus for the Planning & Scheduling Professional (PSP) Exam is listed below with detail of each section and their topics:
1. Planning - PLANNING DEVELOPMENT
Learning Objectives:
- Scaling of the planning process must be appropriate and equally weighted to each phase of work to achieve a balanced and usable product.
- Effective implementation of a plan results in a schedule.
- Recognize that the planning process is a dynamic process repeated throughout each phase of a program or project life cycle.
- When conditions change, the planning process and deliverables should be examined and updated as necessary. The plan for one phase of a project offers a pattern for developing the plan or next phase of the project as well as the project as a whole.
- Understand the fundamental concepts of the planning process and its terminology.
Objectives covered by this section:
INPUT & DATA
- Delivery methods
- Constructability Methods
- Contract Requirements
- Identification of Stakeholders
- Change management
- General and special conditions
- Contract types
CONSIDERATIONS & CONSTRAINTS
- Stakeholder Consideration
- Identification of Resources
- Value Engineering
- Project Variables
2. Planning - PLANNING PRODUCT
Objectives covered by this section:
OUTPUT & DELIVERABLES
- Cost Estimate Development
- Risk & Recovery Plan
- Phase Definition
- Baseline Plan
- Define the Project Plan
- Periodic Forecasts
- Review by Stakeholders
- Define Project Goals
- Sequencing & Phase Relationship
- Establish Organization Breakdown Structure
- Establish Work Breakdown Structure
- Define the Scope of Work
- Establish Cost Breakdown Structure
3. Scheduling - Schedule Development
Objectives covered by this section:
Input & Data
- Breakdown structure relationships
- Cost estimation model
- Feedback from stakeholders
- Define Schedule and scope
- Schedule specification
Creating Schedule
- Milestones
- Relationships
- Schedule basis documentation
- Constraints and calendars
- Types of schedule
- Activities
- Cost and resources
- Durations
- Schedule quality analysis
4. Scheduling - Schedule Maintenance & Controlling
Objectives covered by this section:
Maintain Schedule
- Cost & resource management
- Schedule maintenance feedback
- Baseline scheduling
- Schedule change management
- Acceleration
- Tracking schedule progress
Output and Deliverables
- Management summary
- Variances and trends
- Control level schedules
- Constructability review
- Schedule forecasts
- Schedule analysis
- Progress reports and reviews
- Recovery schedules
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