AACE International Exam AACE-PSP Topic 4 Question 34 Discussion

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

Question #: 34
Topic #: 4

If a detailed estimate is NOT available to assist in the formulation of activity durations but unit quantities have been identified, what information can be utilized to estimate work package/activity durations?

AThe Eichleay formula

BHistorical production rates

CTime impact analysis

DBlack-Scholes model

Show Suggested Answer

Suggested Answer: B

by Georgene at Apr 07, 2025, 04:08 PM

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Emily

25 days ago

Historical production rates, easy peasy. Unless the project manager is a time-traveling, stock-trading physicist, in which case I'm completely lost.

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Jose

1 months ago

Black-Scholes model? Did they accidentally include a finance question in here? I'm just going to go with the option that makes the most sense - historical production rates.

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Svetlana

12 days ago

Definitely, it's a practical approach to estimating work package durations.

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Rodney

16 days ago

Yeah, I think that's the best option to use in this situation.

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Elliot

17 days ago

I agree, historical production rates seem like the most logical choice.

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Almeta

2 months ago

I believe time impact analysis can also be helpful in estimating work package durations.

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Odette

2 months ago

The Eichleay formula? What is this, a complex equation contest? I'll take the straightforward approach and go with historical production rates. Keep it simple, you know?

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Leslie

5 days ago

The Eichleay formula may be complex, but historical production rates are a practical choice for estimating durations.

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Rochell

8 days ago

I agree, using past data can give a good indication of how long tasks will take.

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Laurel

1 months ago

Historical production rates are a reliable source for estimating work package durations.

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Nathalie

2 months ago

I agree with Barbra, historical production rates provide valuable information.

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Brynn

2 months ago

Time impact analysis? Seriously? What is this, a physics exam? I'll stick with the good old reliable historical production rates, thank you very much.

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