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| Section | Objectives |
|---|---|
| Topic 1: Project Execution Systems and Tools | - SAP-based project management processes
|
| Topic 2: Site Process and Delivery Management | - Site execution planning
|
| Topic 3: Project & Cost Management (CPM Fundamentals) | - Cost Control and Budget Management
|
1. 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 the subcontractor agrees to receive their PO later, after the customer PO is issued.
C) If an early ramp-up project (ERP) is approved.
D) If there is a formal approval from the Project Manager.
2. Decomposing the major deliverables into smaller, more manageable components to provide better control is called:
A) scope baselining.
B) scope verification.
C) scope planning.
D) scope definition.
3. One example of a benefit of an effective claim management process is:
A) clause for liquidated damages in the customer contract.
B) visibility of financial impact of possible penalties.
C) no claim related risks in the project risk log.
D) elimination of all claims.
4. 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) Discuss this with the project manager and realign the resourcing plan for the remainder of the project, updating the EAC if required.
B) Compensate for the unplanned resources by releasing part of the risk contingency.
C) Increase the values in the EAC to reflect the increased resource cost.
D) Close the related SvO in WTR and SAP so resources can no longer book their time, as the cost plan has been exceeded.
5. Which of the following is NOT a type of performance measure?
A) Estimate to complete.
B) Planned Value.
C) Earned Value.
D) Cost variance.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A |
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