Planning & Scheduling Professional (PSP)
Planning & Scheduling
PSP (Planning and Scheduling Professional) is a certification granted by the Association for Advancement of Cost Engineering (AACE) to individuals who possess fundamental knowledge and expertise in planning and scheduling.
For over 30 years, certifications offered by the Association for Advancement of Cost Engineering (AACE) have been a mark of distinction. PSP is one of the widely recognized certificates offered by AACE and covers topics related to project planning and scheduling. With PSP, you demonstrate your proficiency in planning and scheduling concepts, which results in a greater recognition from peers and improves your career and salary opportunities. Many employers consider the PSP certification as a requirement for employment or a promotion requirement for planners and schedulers.
AACE International’s Planning & Scheduling Professional (PSP®) certification program is designed to establish credentials for the Planning and Scheduling Professionals. This certification program gives professionals a means to validate their skills and knowledge. PSP® certification will distinguish you as a Planning & Scheduling Professional who has the knowledge and skills that impact the bottom line.
Course Learning Objectives
Upon successful completion of the PSP training course, participants will understand the concepts of and be able to apply what they have learned in the following areas:
- Project Management Frame work
- Enterprise Project Structure (EPS) and Organizational Breakdown Structure (OBS)
- WBS and Activity Identification
- Estimating Activity Durations
- Activity network Development
- Network Schedule Calculation
- Earned Value Management
- Project Report
Who should attend ?
Submit the application, work/education verification and fees by the due date posted on AACE International website. A minimum 2500 word technical paper must be submitted along with your application.
- AACE Membership Fee:$ 125
- Member fee: $ 500; Non-Member fee: $ 625
The PSP examination consists of four parts
- Part I is Basic Knowledge and questions the basics of planning and scheduling. It consists of MCQ concerning the basics of planning and scheduling. (40 questions)
- Part II is real-time Communications Exercise and requires the candidate to draft the equivalent of a one-page typewritten memorandum to simulate reporting on planning and scheduling analysis to the project manager, explaining the issues and proposing a solution regarding a given problem.
- Part III is a Practical Exercise and entails answering a series of questions concerning various aspects of a single problem.
- Part IV is a Planning and Scheduling Applications and questions planning and scheduling scenarios.
Exam Duration: 5 HOURS –120 QUESTIONS
Pass the examination
To become a PSP, an overall passing score of 70% must be achieved in the multiple choice exam
- Input and data.
- Contract Requirements.
- Identifications of stakeholders.
- Construct ability methods.
- Considerations and constraints.
- Identifications of resources.
- Value engineering.
- Stakeholder consideration.
- Project variables.
- Planning outputs and deliverable.
- Define scope of work.
- Define project goals.
- Define Project plans.
- Phase definitions.
- Establish work break down structure (WBS).
- Establish organizational breakdown structure (OBS).
- Cost break down structure (CBS).
- Review by stakeholders.
- Cost estimate development.
- Baseline plan.
- Periodic forecasts.
- Risk and Recovery plan.
- Sequence and phase relationship.
- Input and data (from planning).
- Define schedule scope.
- Break down structure.
- Schedule specifications.
- Feedback from stakeholders.
- cost estimate module.
- creating schedule.
- Types of schedules.
- Constraints and calendars.
- Cost / resource loading.
- Schedule basis documentation.
- Schedule quality analysis and compliance review.
Schedule Maintenance / controlling:
- Maintain schedule.
- Baseline schedule.
- Tracking schedule progress.
- Cost and resources management.
- Schedules change management.
- Schedule maintenance feedback.
- Schedule output and deliverable.
- Control level schedules.
- Variances and trends.
- Schedule analysis.
- Schedule forecasts.
- Recovery schedules.
- Management summary.
- Progress reports and reviews.
- Construct ability review.
The purpose of recertifying is to ensure that the candidate maintain the same level of knowledge originally demonstrated when you passed the written examination.
Individuals holding PSP certifications must recertify every three years from the date of their original certification. Recertification is required to assure that AACE International Certified individuals are competent with new and current developments within their field.
Two Ways to Recertify
- The Professional Credit Plan is the most popular choice for recertification. It requires the accumulation of 15 recertification points over a 3 year period Examination.
- Sit for the exam. Recertification by reexamination requires you to pass the certification examination every 3 years.