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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.
How to book the Planning & Scheduling Professional (PSP) Exam
Follow the steps mentioned below to book the Planning & Scheduling Professional (PSP) Exam:
- Step 1: Visit the AACE's website by clicking here
- Step 2: Create a new account or log in to an existing account
- Step 3: Select your professional exam
- Step 4: Complete the required course and take PSP practice test
- Step 5: Fill the application and submit all required documents
- Step 6: Schedule your exam by following the instructions on the website
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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.
- 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.
- Scaling of the planning process must be appropriate and equally weighted to each phase of work to achieve a balanced and usable product.
Objectives covered by this section:
INPUT & DATA
- Constructability Methods
- Contract Requirements
- Identification of Stakeholders
- Delivery methods
- Change management
- General and special conditions
- Contract types
CONSIDERATIONS & CONSTRAINTS
- Project Variables
- Value Engineering
- Stakeholder Consideration
- Identification of Resources
2. Planning - PLANNING PRODUCT
Objectives covered by this section:
OUTPUT & DELIVERABLES
- Periodic Forecasts
- Baseline Plan
- Define Project Goals
- Define the Project Plan
- Risk & Recovery Plan
- Cost Estimate Development
- Define the Scope of Work
- Sequencing & Phase Relationship
- Establish Work Breakdown Structure
- Phase Definition
- Review by Stakeholders
- Establish Organization Breakdown Structure
- Establish Cost Breakdown Structure
3. Scheduling - Schedule Development
Objectives covered by this section:
Input & Data
- Define Schedule and scope
- Cost estimation model
- Feedback from stakeholders
- Schedule specification
- Breakdown structure relationships
Creating Schedule
- Types of schedule
- Durations
- Schedule quality analysis
- Schedule basis documentation
- Milestones
- Cost and resources
- Activities
- Relationships
- Constraints and calendars
4. Scheduling - Schedule Maintenance & Controlling
Objectives covered by this section:
Maintain Schedule
- Schedule maintenance feedback
- Schedule change management
- Tracking schedule progress
- Baseline scheduling
- Cost & resource management
- Acceleration
Output and Deliverables
- Recovery schedules
- Progress reports and reviews
- Schedule forecasts
- Schedule analysis
- Variances and trends
- Constructability review
- Management summary
- Control level schedules
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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 scheduling?
- What is a CPM schedule?
- Why is planning important?
- 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.
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