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 CPM schedule?
• What is a work breakdown structure (WBS) and how is it used?
• Why is planning important?
• What is scheduling?
• What is planning?
• 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.

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:

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

Objectives covered by this section:

INPUT & DATA

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

CONSIDERATIONS & CONSTRAINTS

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

2. Planning - PLANNING PRODUCT

Objectives covered by this section:

OUTPUT & DELIVERABLES

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

3. Scheduling - Schedule Development

Objectives covered by this section:

Input & Data

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

Creating Schedule

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

4. Scheduling - Schedule Maintenance & Controlling

Objectives covered by this section:

Maintain Schedule

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

Output and Deliverables

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

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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.

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).

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