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How to study the Planning & Scheduling Professional (PSP) Exam
In general, the education and professional experience of an applicant are the primary sources that prepare the person for the test. As mentioned in the eligibility criteria for the exam, the applicant must have at least 4 to 8 years of industry experience in the field which itself is preparatory material. There are, however, other ways to prepare for the test. AACE itself provides a distant learning opportunity through its website for which applicants can sign up. AACE conducts review sessions and annual meetings in which the participation of an applicant can prove to be very helpful as they will be able to participate and listen to discussions on the topics of planning and scheduling.
Participants must search for the answers to the following questions if they wish to prepare the best for the exam:
- What is a work breakdown structure (WBS) and how is it used?
- What is planning?
- Why is planning important?
- What is a CPM schedule?
- What is scheduling?
- Why is scheduling important?
Furthermore, PSP exam dumps pdf and PSP practice exams are available online, and students are highly encouraged to study those exam dumps as they are the best study materials. As always, We recommend a combination of hands-on experience, completion of the training course, and self-study in the areas described in the Exam Outline section of this exam guide as preparation for this exam. After all sorts of study, test your understanding by taking the PSP practice exams. Hover on to AACE's Website and take a look at study materials provided for the exam. Check for the topics mentioned in the Exam Outline section of this guide to review the online documentation, tip sheets, and user guides and study the details relevant to those topics. Refer to the links at the end of this document for more study material. For further exam self-study materials, refer to the links down below.
Planning & Scheduling Professional (PSP) Exam Certification Path
The certification path for the Planning & Scheduling Professional (PSP) Exam consists only of this Planning & Scheduling Professional (PSP) Examination. The applicants must fulfill the eligibility criteria of having at least 8 years of industry experience only or 4 years of industry experience plus 4 years of a related degree from a college.
Introduction to Planning & Scheduling Professional (PSP) Exam
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 development
- Planning product
- Schedule maintenance and reporting
- Schedule development
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.
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AACE International AACE-PSP Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Basic Planning & Scheduling Knowledge | 47% | - Scope of Work, Project Goals, Project Plan and Phases - Planning Inputs and Data - Planning and Scheduling Fundamentals - Activity Types - Organization Breakdown Structure (OBS) - Planning Outputs and Deliverables - Schedule Development Philosophy - Responsibility Assignment Matrix - Scheduling Inputs and Data - Control Accounts, Estimate and Baseline - Work Breakdown Structure (WBS) - Planning Considerations and Constraints |
| Topic 2: Communication | - Memo writing assignment demonstrating professional communication skills | |
| Topic 3: Practical Exercise | 24% | - Practical problem-solving in planning and scheduling |
| Topic 4: Planning & Scheduling Applications | 29% | - Developing, monitoring, updating, forecasting and analyzing integrated project schedules - Communication with project stakeholders |
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