AACE-PSP EXAM PREPARATION

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Question #11 (Topic: Demo Questions)

A project sponsor requests a one-page summary with key cost risks. The estimator should provide:

Procurement change orders

Executive risk dashboard

Detailed cost spreadsheets

Historical bid tabulations

Correct Answer: B

Explanation:

Executive dashboards present cost risks clearly for decision-makers.

Question #12 (Topic: Demo Questions)

The estimator includes expected inflation over the project duration. This adjustment is known as:

Profit margin

Cost escalation

Value engineering

Contingency allowance

Correct Answer: B

Explanation:

Escalation accounts for predicted inflationary cost increases over time.

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