The benefit of obtaining the Planning & Scheduling Professional (PSP) Exam Certification
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).
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:
- Recognize that the planning process is a dynamic process repeated throughout each phase of a program or project life cycle.
- Effective implementation of a plan results in a schedule.
- Understand the fundamental concepts of the planning process and its terminology.
- Scaling of the planning process must be appropriate and equally weighted to each phase of work to achieve a balanced and usable product.
- 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.
Objectives covered by this section:
INPUT & DATA
- Contract types
- General and special conditions
- Contract Requirements
- Constructability Methods
- Change management
- Delivery methods
- Identification of Stakeholders
CONSIDERATIONS & CONSTRAINTS
- Stakeholder Consideration
- Project Variables
- Value Engineering
- Identification of Resources
2. Planning - PLANNING PRODUCT
Objectives covered by this section:
OUTPUT & DELIVERABLES
- Establish Organization Breakdown Structure
- Risk & Recovery Plan
- Baseline Plan
- Define the Scope of Work
- Periodic Forecasts
- Establish Work Breakdown Structure
- Define the Project Plan
- Phase Definition
- Cost Estimate Development
- Establish Cost Breakdown Structure
- Sequencing & Phase Relationship
- Review by Stakeholders
- Define Project Goals
3. Scheduling - Schedule Development
Objectives covered by this section:
Input & Data
- Define Schedule and scope
- Cost estimation model
- Feedback from stakeholders
- Breakdown structure relationships
- Schedule specification
Creating Schedule
- Schedule basis documentation
- Activities
- Types of schedule
- Durations
- Schedule quality analysis
- Milestones
- Constraints and calendars
- Relationships
- Cost and resources
4. Scheduling - Schedule Maintenance & Controlling
Objectives covered by this section:
Maintain Schedule
- Acceleration
- Baseline scheduling
- Schedule maintenance feedback
- Schedule change management
- Tracking schedule progress
- Cost & resource management
Output and Deliverables
- Schedule analysis
- Management summary
- Constructability review
- Recovery schedules
- Schedule forecasts
- Variances and trends
- Control level schedules
- Progress reports and reviews
What is the duration, language, and format of the Planning & Scheduling Professional (PSP) Exam
- Total questions: 119
- Passing score: 70%
- Format: Multiple choice, compound, scenario questions + 1 memo writing assignment
- Duration of Exam: 5 hours
- Language of Exam: English
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