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.

Reference: https://web.aacei.org/certification/certification-information/certifications-offered/professional-certifications#PSP

Who should take the Planning & Scheduling Professional (PSP) Exam

This certification PSP exam test is intended for individuals with an advanced project planning experience and the production, tracking, updating, forecasting, and analysis of integrated project schedules. People who wish to be a part of AACE and lead the planning and scheduling process of their Total Cost Management framework are highly encouraged to take the exam. Before applying for this certification, applicants must have at least 8 years of related experience in the industry. Candidates with 4 years of industry experience can also apply for the exam if they have completed at least 4 years of a college degree in the same field in the past. For eligibility, applicants must adhere to AACE's Canons of Ethics.

For more info read reference:

Official Website

Exam Contents

FAQs and Guide

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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:

• Effective implementation of a plan results in a schedule.
• Understand the fundamental concepts of the planning process and its terminology.
• Scaling of the planning process must be appropriate and equally weighted to each phase of work to achieve a balanced and usable product.
• 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.

Objectives covered by this section:

INPUT & DATA

• Contract Requirements
• Constructability Methods
• Identification of Stakeholders
• Contract types
• General and special conditions
• Delivery methods
• Change management

CONSIDERATIONS & CONSTRAINTS

• Identification of Resources
• Stakeholder Consideration
• Project Variables
• Value Engineering

2. Planning - PLANNING PRODUCT

Objectives covered by this section:

OUTPUT & DELIVERABLES

• Baseline Plan
• Define the Project Plan
• Phase Definition
• Define the Scope of Work
• Cost Estimate Development
• Establish Organization Breakdown Structure
• Periodic Forecasts
• Sequencing & Phase Relationship
• Establish Work Breakdown Structure
• Risk & Recovery Plan
• Establish Cost Breakdown Structure
• Define Project Goals
• Review by Stakeholders

3. Scheduling - Schedule Development

Objectives covered by this section:

Input & Data

• Feedback from stakeholders
• Schedule specification
• Cost estimation model
• Define Schedule and scope
• Breakdown structure relationships

Creating Schedule

• Cost and resources
• Relationships
• Constraints and calendars
• Schedule quality analysis
• Types of schedule
• Schedule basis documentation
• Activities
• Milestones
• Durations

4. Scheduling - Schedule Maintenance & Controlling

Objectives covered by this section:

Maintain Schedule

• Baseline scheduling
• Schedule change management
• Acceleration
• Tracking schedule progress
• Cost & resource management
• Schedule maintenance feedback

Output and Deliverables

• Schedule forecasts
• Progress reports and reviews
• Variances and trends
• Schedule analysis
• Control level schedules
• Recovery schedules
• Constructability review
• Management summary

AACE International AACE-PSP Exam Syllabus Topics: