AACE CST Exam Questions & Answers 2024/2025
Work Breakdown Structure [WBS] - ANSWERShierarchy division of the work scope elements of a project
to be performed.
Function of WBS - ANSWERSto divide the scope of work into manageable parts that correspond to key deliverables, phases, or milestones with the intent to avoid the omission of key elements and assist in the communication of cost, schedule, quality, and resource performance data to stakeholders.
Schedule Specification states - ANSWERS- Planning and scheduling requirements and purposes
- Level of detail required
- Reporting periods and capabilities
- Minimum and mandatory scheduling tools
- Initial schedule development, submission, phasing and milestone
- Changes
- Claims and disputes
- Scheduler experience and qualification
- Requirements that the owner owner-client deems appropriate for specific projects
Purpose of Scheduling Specification is to identify minimum requirements for - ANSWERSo Key milestones
and overall contract duration.
o Required phasing and sequencing.
o Contractor's plan, means and methods.
o Cost and resource loading and reporting.
o Subcontractor and supplier integration.
o Plan and schedule basis documentation.
o Owner and client requirements, such as goals and objectives, ability to monitor the contractor, and control required when progress fails to meet contractual milestones
Work Breakdown Structure [WBS] - ANSWERShierarchy division of the work scope elements of a project
to be performed.
Function of WBS - ANSWERSto divide the scope of work into manageable parts that correspond to key deliverables, phases, or milestones with the intent to avoid the omission of key elements and assist in the communication of cost, schedule, quality, and resource performance data to stakeholders.
Schedule Specification states - ANSWERS- Planning and scheduling requirements and purposes
- Level of detail required
- Reporting periods and capabilities
- Minimum and mandatory scheduling tools
- Initial schedule development, submission, phasing and milestone
- Changes
- Claims and disputes
- Scheduler experience and qualification
- Requirements that the owner owner-client deems appropriate for specific projects
Purpose of Scheduling Specification is to identify minimum requirements for - ANSWERSo Key milestones
and overall contract duration.
o Required phasing and sequencing.
o Contractor's plan, means and methods.
o Cost and resource loading and reporting.
o Subcontractor and supplier integration.
o Plan and schedule basis documentation.
o Owner and client requirements, such as goals and objectives, ability to monitor the contractor, and control required when progress fails to meet contractual milestones
