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What of the following options is the most appropriate course of action when the project subcontracting cost to date exceeds the plan in the CBL?
Start opening NCC SvOs for the cost overruns as you can now expect further additional cost.
Analyze the root cause of the cost increase and execute an action plan to get cost back on track, updating EAC if needed.
Compensate for the unplanned extra costs by releasing part of the risk contingency.
Stop raising subcontracting purchase orders so as to avoid incurring further excess cost.
Which process is NOT included in project cost management?
What should be done to ensure thatthe entire scope of work of the project is included in our planning?
Create a contingency plan.
Create a risk management plan.
Create a work breakdown structure (\NBS)
Create a scope statement.
Which of the following data is not available in 4C?
What is NCC in Nokia?
Any cost overruns.
All subcontractorextra work costs.
All extra site visit costs.
The project manager is only authorized to place orders to vendors:
if the CT Head gives instruction for the order.within the guidelines and definitions documented in the project procurement pIan.if he has received a written offer from the suppIier.using SAP or other Nokia approved tools.
within the LOA approved scope of the project.within the guidelines and definitions documented in the project procurement pIan.using suppliers which have been approved for this specific project and have a valid frame contract.using SAP or other Nokia approved tools.
after Gate 6 of the Nokia sales process.if the PM has informed the procurement organization.using suppliers which have been approved for this specific project and have a valid frame contract.sending PO through e-mail or fax to the supplier.
within the LOA approved scope of the project.within the guidelines and definitions documented in the project procurement pIan.using suppliers with a good reputation and a good personal relationship with the project manager.sending PO through e-mail or faxto the supplier.
When should risk analysis be performed?
Just before any major meeting with the client.
On a regular basis prior to and throughout the project.
Only when justified by the awareness of new risks becoming a possibility.
When preparing the project plan.
The _ is a narrative description of the work to be accomplished or resource to be supplied:
level of effort.
scope of work.
Through which tool and what trigger is supplier work accepted for project business?
IPM and the internal acceptance work item.
IPM and the customer acceptance work item.
ERM and the internal acceptance work item.
SAP and the customer acceptance work item.
A structured approach which promotes positive project cash flow, limits the financial risk and addresses identified issues regarding the delivery of the contracted work and related execution KPIs. This best describes which of the following?
Cost management process.
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PDM-2002001060 CPM (PDM_2002001060)
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