PDM_2002001060 Online Practice Questions and Answers

What is the relationship between sales items (SI's) and service orders in the care contract?

A. An SvO can have multiple SI's, but an SI line in the care contract can have only one SvO.

B. There is no relationship or connection between SIs and SvOs in the care contract.

C. An SvO can have only one SI, and an SI line in the care contract can have only one SvO.

D. An SvO can have only one SI, but an SI line in the care contract can have multiple SvOs.

As theoretically defined, what characteristic best describes the cost baseline?

A. Total budget for the project.

B. Time phased budget for the project.

C. Total budget for the project including the contingency budget.

D. Total budget for the project including the contingency budget and the management reserve.

When a Customer Contract is not yet signed and a purchase order has not yet been received, in which circumstances can a service be subcontracted?

A. If the value of the purchase order does not exceed the approved cost baseline.

B. If an early ramp-up project (ERP) is approved.

C. If the subcontractor agrees to receive their PO later, after the customer PO is issued.

D. If there is a formal approval from the Project Manager.

What approval process is required when the EAC deviates >2% from the CBL?

A. The CT starts the LoA approval process and if the LoA approves the cost increase, the initial CBL is updated.

B. The CT starts the LoA approval process and if the LoA approves the cost increase, the initial CBL is not updated, but the EAC will be updated to reflect the change.

C. The COM requests approval from CBC and if the CBC approves the cost increase, the initial CBL is not updated, but the EAC will be updated to reflect the change.

D. The COM requests approval from CBC and if the CBC approves the cost increase, the initial CBL is updated.

The WBS is best described as a:

A. schedule of activities.

B. structure of delivery methods.

C. organization of resources.

D. task orientated structure of activities.

The equivalent of a cost reimbursable contract is frequently termed:

A. back-charge contract.

B. fixed price contracts.

C. progress payment contract.

D. cost plus contract.

What are the most important pieces of information from the customer contract for a CPM?

A. Deliverables, schedule, related costs, WBS structure, acceptance and payment procedures and reporting requirements.

B. Deliverables, schedule, ordering process, WBS structure, acceptance and payment procedures and reporting requirements.

C. Schedule, ordering process and structure, costs and resources, acceptance and payment procedures and reporting requirements.

D. Schedule, ordering process and structure, deliverables and sales packages, acceptance and payment procedures and reporting requirements.

Which of the following inputs are used for Resource Planning?

A. Scope statement.

B. Resource pool description.

C. Historical information of resource utilization.

D. All of the other options.

The compilation and storage of lessons learned for a completed project can be used to:

A. adjust the final project financials to reflect the cost benefits of this knowledge.

B. determine the cost baseline and rollout plan for all future projects in the CT.

C. highlight problems and determine potential risks in future similar project.

D. complete employee performance evaluations for those who worked on the project.

Which of the following data is not available in 4C?

A. GS Costs.

B. Change requests.

C. Risk log.

D. Equipment costs.