AACE PSP study materials
AACE PSP study resources

AACE PSP study plan

AACE PSP · Give each week a clear focus.

8 weeks · About 7 hours per week

Week 1

Project Planning

  • Define each planning input (scope, WBS, calendars, resource and cost basis) in your own words without notes

  • Build a work breakdown structure for a sample mid-size project down to work-package level with a defensible coding scheme

  • Distinguish activity, work package, and deliverable and classify 15 sample items correctly

  • Draft the planning-to-scheduling handoff checklist you would use on a real project

Your checkpoint

A one-page WBS plus coding dictionary for a 40-60 activity sample project, with a written handoff checklist

Week 2

Project Planning & Scheduling

  • Sequence the sample project's activities and justify each dependency type chosen (FS, SS, FF, SF)

  • Assign lags only where physically or contractually justified and document the reason for each

  • Compute a forward and backward pass by hand on a 15-activity network and record early/late dates and total float

  • Verify your hand-calculated results against a scheduling tool and reconcile every discrepancy

Your checkpoint

A hand-worked network diagram and float table that matches the software output after reconciliation

Week 3

Scheduling

  • Construct a resource-loaded schedule with at least two resource types and identify over-allocations

  • Apply resource leveling and summarize the resulting date and float impacts

  • Differentiate critical path, longest path, and near-critical path on your sample and explain where they diverge

  • Set up calendars and constraints in the tool and list which constraints you would defend to a reviewer

Your checkpoint

A leveled resource-loaded schedule plus a written log of every constraint and calendar assumption used

Week 4

Scheduling & Schedule Maintenance and Control

  • Define a baseline and explain what is frozen versus what may change after approval

  • Design a progress-update cycle including data date, actuals, remaining durations, and out-of-sequence logic handling

  • Produce a schedule health checklist covering logic, lags, constraints, float, and open ends

  • Run the health checklist against your sample schedule and score it

Your checkpoint

A documented baseline plus a completed schedule health scorecard for the sample project

Week 5

Schedule Maintenance and Control

  • Perform an earned value analysis on your sample using PV, EV, AC, SV, CV, SPI, and CPI

  • Interpret a forecast method (EAC variants) and state the assumption behind each

  • Explain how schedule variance in dollars differs from schedule variance in time

  • Draft the corrective-action narrative you would present when SPI falls below 0.90

Your checkpoint

An EVM summary table with calculations shown and a one-page variance narrative with corrective actions

Week 6

Schedule Maintenance and Control & Schedule Analysis and Reporting

  • Compare baseline versus current schedule and quantify changes in dates, logic, and float

  • Identify and classify delay events as excusable, non-excusable, or compensable with reasoning

  • Explain time impact analysis and contrast it with a simple as-planned versus as-built comparison

  • Build a change log linking each schedule revision to its cause

Your checkpoint

A baseline-versus-current comparison report with a delay classification table and change log

Week 7

Schedule Analysis and Reporting

  • Design a reporting package for three audiences: executive, project team, and client

  • Select the right visual for each message (Gantt, S-curve, histogram, float chart) and justify the choice

  • Write a schedule narrative that states status, forecast, risks, and asks in under one page

  • Critique two weak schedule reports and list the specific improvements you would make

Your checkpoint

A three-audience reporting package for the sample project including one-page narrative and supporting charts

Week 8

Project Planning & Scheduling & Schedule Maintenance and Control & Schedule Analysis and Reporting

  • Assemble a consolidated formula and definitions sheet across all four domains and self-quiz from it

  • Complete timed practice sets weighted to the front-loaded domains and log error patterns

  • Re-teach your two weakest concepts aloud or in writing without reference materials

  • Finalize a test-day strategy covering question triage and calculation checks

Your checkpoint

A consolidated reference sheet, an error-pattern log, and a written test-day strategy

Milestones

Week 2: Hand-computed forward/backward pass matches software output with every discrepancy explained

Week 4: Baseline approved and schedule health scorecard completed with a remediation list

Week 6: EVM metrics computed correctly and delay events classified with written justification

Week 8: Timed practice scores trending upward with error log showing repeated-mistake reduction