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AACE International Planning & Scheduling Professional (PSP) Exam AACE-PSP Exam Questions

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Question #11 (Topic: Demo Questions)

A project sponsor requests a one-page summary with key cost risks. The estimator should provide:

A.
Procurement change orders 
B.
Executive risk dashboard 
C.
Detailed cost spreadsheets 
D.
Historical bid tabulations 
Correct Answer: B
Explanation:
Executive dashboards present cost risks clearly for decision-makers. 
Question #12 (Topic: Demo Questions)

The estimator includes expected inflation over the project duration. This adjustment is known as: 

A.
Profit margin
B.
Cost escalation
C.
Value engineering
D.
Contingency allowance
Correct Answer: B
Explanation:
Escalation accounts for predicted inflationary cost increases over time. 
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