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CPM Questions and Answers

Question 1

The product line is unable to meet a software release committed timeline. Due to this delay, resources dedicated to the installation need to remain available for an additional month. Additionally, the project will be liable to pay penalties based on contract conditions. How should these extra costs be reported?

Options:

A.

Extra resources cost which will be booked via SvO with an accounting indicator relevant for resources caused NCC (Pre- or Post-P8), and penalties will be booked via SVO with an accounting indicator relevant for execution.

B.

Extra resources cost which will be booked via SvO with an accounting indicator relevant for product caused NCC (Pre- or Post-P8), and penalties will be part of the claim log.

C.

Both costs will be booked via SvO with an accounting indicator relevant for product caused NCC (Pre- or Post-P8).

D.

Both costs will be booked via SvO with an accounting indicator relevant for resources caused NCC.

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Question 2

What activity is the final stage before input of the planned project costs to 4C?

Options:

A.

Receipt of customer purchase orders.

B.

Revision of the equipment delivery forecast.

C.

Updates to the rollout schedule.

D.

Joint analysis of the planned project costs by the project manager and cost and progress manager.

Question 3

The one document that should always be used to identify and mitigate risk is the:

Options:

A.

risk management plan.

B.

scope statement.

C.

project charter.

D.

contingency plan.