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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.

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:

• 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.
• Understand the fundamental concepts of the planning process and its terminology.
• Recognize that the planning process is a dynamic process repeated throughout each phase of a program or project life cycle.
• Scaling of the planning process must be appropriate and equally weighted to each phase of work to achieve a balanced and usable product.
• Effective implementation of a plan results in a schedule.

Objectives covered by this section:

INPUT & DATA

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

CONSIDERATIONS & CONSTRAINTS

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

2. Planning - PLANNING PRODUCT

Objectives covered by this section:

OUTPUT & DELIVERABLES

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

3. Scheduling - Schedule Development

Objectives covered by this section:

Input & Data

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

Creating Schedule

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

4. Scheduling - Schedule Maintenance & Controlling

Objectives covered by this section:

Maintain Schedule

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

Output and Deliverables

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

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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
• Schedule development
• Planning product
• Schedule maintenance and reporting

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.

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

AACE International AACE-PSP Exam Syllabus Topics: