Ashutosh's blog page
Welcome to founder's blog page. This page is a collection of Ashutosh’s writing on various project management topics, professional certifications and his views on e-Learning. Views express here are his personal and may differ from the views of other Protrain associates.
What is Planning and Scheduling?
We know Time is Money. Time is one of the constraint of Project Management Triangle (also called Triple Constraint or the Iron Triangle). Timely completion is one of the criterion that defines success of a project. Planning and Scheduling is one of the key the knowledge area in Project Management of the Engineering, Construction and Project Management (ECPM). Applying Planning and Scheduling tools and techniques, if not guarantee, but for sure increases the probability of on-time project delivery. Being a mission critical role in ECPM projects, Planning and Scheduling professionals are paid higher than their same experience peers.
In ECPM industry, Planning and Scheduling is sub-function in Project Controls. Project Controls encompasses, planning and controls of both time and cost. Planning and Scheduling function, however, in a typical ECPM project consists of project planning in term of construction methods & time, preparation of project baseline schedule & its approval, applying baseline updates, project performance measurement, and performing delay analysis, if needed. A proficient Planning and Scheduling professional should possess skills and knowledge in Project Management basics, Critical Path Methods (CPM), Earned Value Management (EVM) and related knowledge areas.
About Planning and Scheduling (PSP) Certification
Association of Cost Engineers (AACE) International's Planning & Scheduling Professional (PSP) certification program is designed to establish credentials for the Planning and Scheduling Professionals. AACE International is globally recognised professional body in the field of Cost Engineering and Project Controls.
PSP certification program gives professionals a means to validate their skills and knowledge to international professional practices standards in the domain of project planning and scheduling. This certification will distinguish you as a Planning & Scheduling Professional who has the knowledge and skills those are required to ensure that the project time objectives are met. AACE's PSP certification provides an exam and experience validation that lets employers identify those who meet the program’s competency standards.
In order to be eligible for CCP certification you must have least 8 full years of professional experience, of which up to 4 years may be substituted by a college/university degree. In other words, if you have a college/university degree of 4 years you need another 4 years of experience.
Related degrees include: engineering, building construction, construction technology, business, economics, accounting, construction management, architecture, computer science, mathematics, etc. At the time of filling in the PSP application you shall be required to provide a copy of experience and education certificate as evidence.
PSP Exam Format & Fee
The exam is delivered through computer-based testing (CBT). It comprises multiple-choice and compound, scenario questions. The exam contains 120 Questions.
119 questions are multiple choice objective type single and compound questions. Each question has one correct answer. There is one memo question. Question 1 to 60 are multiple choice objective type single question. Question 61 is Memo question. Question 61 to 120 are scenarios based compound questions.
Duration of the exam is 5 hours. In order to be certified you must score 70% marks.
The exam is a closed book test, this means you are not allowed to carry any books or paper, but an onscreen formula sheet is accessible during the exam if needed. You are also permitted to bring any style of calculator, including programmable calculators.
The exam fee is $500 for AACE International members, $625 for non-members. There is a $200 fee for resit. The Exam is conducted by AACE CBT Vendor Kryterion. Kryterion has a global network of test centers. You may search the test center at your nearest test center at this link here http://www.kryteriononline.com/Locate-Test-Center
More information about PSP exam is available on AACE International website on this link http://www.aacei.org/cert/whatCertOffers.shtml
How to Prepare for PSP Certification
The certification requires mastery in following areas:
1. Project Planning processes/terms:
a. Project Scope Definition
b.Work Break Structure (WBS)
2. Scheduling Tools and Techniques:
a. Schedule model and methods
b. Schedule development process and procedures.
c. Schedule Update
d. Delay Analysis Methods (introductory level)
3. Performance Management and Reporting
a. Earned Value Management (EVM)
b. Project Reporting
PSP Preparation Resources
Following is the list of recommended study material for PSP certification:
AACE’s Planning and Scheduling Certification Study Guide
AACE’s Skills & Knowledge of Cost Engineering, 5th Edition
CPM in Construction Management, 5th Edition
Construction Planning and Scheduling Manual, 2nd Edition
Project Management: A Systems Approach to Planning, Scheduling, and Controlling
At Protrain we offer an Online Instructor-led PSP Review Course. Course Brochure is can be downloaded at this link. You may also visit to the course page to register for the course.
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