PSP Exam Dumps - Planning & Scheduling Professional (PSP) Exam

The sum of all budgets for work scheduled to be accomplished within a specific time period is referred to as the Budgeted Cost of Work Scheduled (BCWS). It represents the planned value of work to be performed during the reporting period.

Option A (Estimate at Completion - EAC) refers to the projected final cost of the project.

Option B (Budget at Completion - BAC) is the total project budget.

Option C (Budgeted Cost of Work Performed - BCWP) refers to the earned value.

This definition aligns with earned value management concepts covered in the PSP Study Guide​.

Scheduling Professional Study Guide and Documents References:

The Budgeted Cost of Work Scheduled (BCWS) is the planned value of all tasks scheduled during a specific period. It is a measure used in earned value management to assess schedule adherence.

Option A defines Budgeted Cost of Work Performed (BCWP).

Option B defines the total project budget (BAC).

Option C defines the expected total cost, which is Estimate at Completion (EAC).

This answer is consistent with earned value methodologies and their application in project controls​​.

ï‚· Scenario Review:

Delay in the parking structure foundation is an off-critical path activity.

No impact on the overall project completion date.

ï‚· Delay Analysis:

While the foundation activity is delayed, the float ensures that no downstream activities are impacted.

ï‚· Cross-Verification:

Option B: Incorrect. Assumes a 4-day impact.

Option C: Incorrect. Overestimates delays.

Option D: Incorrect. Miscalculates delays.