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| Section | Objectives |
|---|---|
| Project & Cost Management (CPM Fundamentals) | - Cost Control and Budget Management
|
| Project Execution Systems and Tools | - SAP-based project management processes
|
| Site Process and Delivery Management | - Site execution planning
|
1. Who is primarily accountable for maintaining the data in IPM?
A) Implementation manager.
B) Project Manager.
C) Cost and progress manager.
D) Process & tools specialist.
2. What is the purpose of change management?
A) Monitoring and controlling deviations from baseline.
B) Documentation tracking.
C) Tracking additional purchase orders for suppliers due to quality issues.
D) Tracking additional resources.
3. In order to accurately report non conformance costs, it is necessary to:
A) forecast non conformance costs in NELLE.
B) record the extra cost in an SvO with Accounting indicators 1,5,92-95.
C) create an internal invoice to transfer costs to product lines.
D) have a non conformance cost budget approved in advance.
4. Under what circumstances should the costs associated with the execution of the quality management plan be included in the project cost baseline?
A) Quality Management costs should not be part of the project cost baseline as it is the obligation of the subcontractor to perform according to the contract.
B) Quality management costs must always be considered in the project plan as the benefits outweigh the costs in terms of less rework, higher productivity and higher stakeholder satisfaction.
C) Quality Management costs should not be part of the project cost baseline but be entirely transferred to subcontractors that under-perform.
D) Costs associated to quality management should be considered only in very complex projects when the risk of quality issues cannot be fully mitigated.
5. What of the following options is the most appropriate course of action when the project resource cost to date exceeds the plan in the CBL?
A) Close the related SvO in WTR and SAP so resources can no longer book their time, as the cost plan has been exceeded.
B) Compensate for the unplanned resources by releasing part of the risk contingency.
C) Discuss this with the project manager and realign the resourcing plan for the remainder of the project, updating the EAC if required.
D) Increase the values in the EAC to reflect the increased resource cost.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: C |
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