AACE International PSP Exam With Confidence Using Practice Dumps

 Impact of Overrun:

Drafting (Activity C) and manufacturing (Activity D) are critical path activities.

A 5-day overrun in drafting consumes all available time for manufacturing.

Therefore, manufacturing cannot be delayed without affecting the release of the product.

 Verification with PSP Guidelines:

The PSP Study Guide specifies that critical path activities have zero float, so delays propagate directly to the project finish (Ref: PSP Study Guide, Chapter 2A: Critical Path and Float).

 Definition of a Critical Path Method (CPM) Schedule:

CPM schedules are based on network diagrams that logically link activities, showing the sequence and dependencies between them.

These schedules identify the critical path, which is the longest path through the network, determining the project's shortest possible duration.

 Evaluation of Options:

Option A: Incorrect. While CPM schedules do include tasks and timelines, the defining feature is the logical interconnection of activities.

Option B: Incorrect. CPM schedules are not limited to "risky" work; they show all activities.

Option C: Incorrect. CPM schedules use network diagrams, not just graphical representations.

Option D: Correct. The network diagram is the key characteristic of CPM schedules.

When detailed estimates are unavailable, historical production rates can provide reliable data for estimating durations based on past projects with similar work.

Option A (Eichleay formula) is for overhead cost allocation.

Option C (Time impact analysis) evaluates delay impacts, not durations.

Option D (Black-Scholes model) is irrelevant in this context.

Historical data usage is a recognized method in project planning and scheduling practices​​.