AACE International Exam AACE-PSP Topic 3 Question 20 Discussion

Actual exam question for AACE International's AACE-PSP exam

Question #: 20
Topic #: 3

You are developing a detailed critical path schedule for a proposed petrochemical plant. The schedule will become a part of the project baseline document, which will be sent to the company's board of directors for its consideration. What document or resource is likely to be MOST valuable in determining the schedule's work activity durations?

AIndustry publications.

BCritical path schedules prepared by you for similar completed projects.

CThe Petrochemical Industry New Plant Task Duration Handbook.

DThe cost estimate for the plant prepared by your firm's estimating department.

Show Suggested Answer

Suggested Answer: B

by Glendora at Sep 07, 2024, 07:17 AM

Limited Time Offer

25%

Off

Get Premium AACE-PSP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Viva

29 days ago

Hmm, let me see... A, B, C, or D? Eenie, meenie, minie, moe, catch a tiger by the toe... Oops, sorry, wrong game. I'm going with C, the Petrochemical handbook. Sounds like the most reliable source to me.

upvoted 0 times

...

Carey

1 months ago

The cost estimate from the estimating department? Really? That's like asking the accounting team to design the plant. Option C is the clear winner.

upvoted 0 times

...

Percy

1 months ago

I'm going with B. Using your own previous experience with similar projects is the way to go. You know the real-world timelines better than any industry publication.

upvoted 0 times

Stephania

2 days ago

I would trust my own critical path schedules for similar projects.

upvoted 0 times

...

Ellsworth

4 days ago

I think industry publications could also provide valuable insights.

upvoted 0 times

...

Lucy

16 days ago

I agree, using past projects as a reference is key.

upvoted 0 times

...

2 months ago

I think B) Critical path schedules prepared by you for similar completed projects would be most valuable.

upvoted 0 times

...