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| Certification Vendor: | AACE International |
| Exam Name: | Planning & Scheduling Professional (PSP) Exam |
| Exam Number: | AACE-PSP |
| Certificate Validity Period: | 5 years |
| Real Exam Qty: | 119 + 1 memo assignment |
| Available Languages: | English |
| Related Certifications: | Cost Engineering Professional (CEP) Total Cost Management (TCM) Professional |
| Exam Price: | USD 395 (Members) / USD 495 (Non-Members) |
| Exam Duration: | 300 minutes |
| Passing Score: | 70% |
| Exam Format: | Multiple-choice, Scenario-based questions, Memo writing assignment |
| Recommended Training: | AACE PSP Certification Study Guide AACE PSP Review Course |
| Exam Registration: | AACE International Certification Portal |
| Sample Questions: | AACE International AACE-PSP Sample Questions |
| Exam Way: | Online proctored or in-person at authorized testing centers |
| Pre Condition: | Minimum 8 years of professional experience; or 4 years experience + 4 years of relevant college degree |
| Official Syllabus URL: | https://web.aacei.org/certification/psp |
A PSP is a technical specialist in planning and scheduling with specialized experience in project planning and the production, tracking, updating, forecasting, and analysis of integrated project schedules. Under the AACE International Total Cost Management (TCM) system, the PSP leads the planning and scheduling process. A PSP can interact efficiently, both internal and external, with all project stakeholders.
In each of those chapters, the PSP Certification exam is divided into two main chapters (Planning and Scheduling) and two sections. A glimpse of all these sections could be found in the PSP exam dumps as well:
Planning is the mechanism by which the length of the project task is added to the schedule is to define the project goals and the orderly tasks required to complete the project (the thought part) and not to be confused with scheduling.
Scheduling is a summary of when it is possible to complete each operation in a project and It must be finished to be done on schedule. The simplest of schedules displays the beginning and completion of operations of a given period in bar chart format. More complex schedules provide schedule logic, usually in CPM format, and display the critical path and floats associated with each operation. A time series of events and activities that reflect an operational timetable. The schedule describes the relative task start and end times and event occurrence times. On a calendar framework or on an elapsed time scale, a schedule can be presented.
The exam is administered through computer-based testing (CBT) and consists of questions of multiple choice and essay-style questions. This test is a closed book. Programmable or preprogrammed calculators are also allowed (including those with financial functions). See the PSP practice exams to understand the paper format. This exam provides a framework for formally evaluating the expertise and abilities of the person in a subject against generally agreed standards. It recognizes those who have demonstrated their experience and expertise in planning and scheduling.
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.
Follow the steps mentioned below to book the Planning & Scheduling Professional (PSP) Exam:
Certifications offered by the Association for the Advancement of Cost Engineering (AACE) have been a mark of distinction for more than thirty years, and more and more employers are requiring these certifications as a prerequisite for jobs. PSP is one of AACE's commonly recognized qualifications that cover subjects related to the preparation and scheduling of projects. Obtaining an AACE qualification also leads to greater peer acceptance and increases job and income prospects.
While a licensed professional engineer is usually considered “certified” in any field in which he or she works (imposing self-discipline to not “practice outside one's areas of expertise”), for both licensed engineers and unlicensed technicians, the national mood is to require certification in specialty disciplines. A welcome response to the increased power of our software tools in education and training in theory as well as practice and qualification regulated by our professional societies, such as AACE (with the PSP exam noted above and PMI (with the PMI-SP exam).
| Section | Weight | Objectives |
|---|---|---|
| Conduct Planning Duties | 30% | - Activity definition, sequencing and logical network development - Resource planning and allocation - Activity duration estimating techniques - Project scope definition and work breakdown structure - Planning standards, methodologies and best practices |
| Communication Competency | - Written analysis and recommendation through memo assignment | |
| Conduct Scheduling Duties | 70% | - Schedule updating, progress measurement and forecasting - Schedule development and calculation (CPM, PDM, PERT) - Schedule compliance, validation and documentation - Schedule risk analysis and contingency planning - Schedule analysis, optimization and what-if scenarios - Resource-constrained scheduling and leveling |
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