1314 Expectations For Gbs Projects And Programs Knowledge Check

20 Questions | Total Attempts: 126

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1314 Expectations For Gbs Projects And Programs Knowledge Check

In order to pass the Knowledge Check, you must score at least 80%.


Questions and Answers
  • 1. 
    What is the next step in the GBS portfolio journey?
    • A. 

      Portfolio Governance

    • B. 

      Portfolios Captured

    • C. 

      Portfolio Choice Making

    • D. 

      Centralized GBS Portfolio

  • 2. 
    In the future, who will be able to authorize (i.e. has the “A”) to decide that a project should start?
    • A. 

      The project manager

    • B. 

      The back office team

    • C. 

      Service Category Lead Team

    • D. 

      PPL

  • 3. 
    Who has final authority on making program tiering official?
    • A. 

      My Director

    • B. 

      My VP

    • C. 

      Filippo

    • D. 

      The CLT Portfolio Board

  • 4. 
    Which of the following are “regularly” updated by the PM in PPMC?
    • A. 

      FFA Scores

    • B. 

      Tier

    • C. 

      Reference data

    • D. 

      Health Status

  • 5. 
    Which of the following will NOT be true after the new simplified project form is introduced into PPMC?
    • A. 

      PMs will have less data to enter when a project is created

    • B. 

      IMR Lifecycle projects will no longer be entered into PPMC

    • C. 

      PMs will have fewer fields to maintain on projects

    • D. 

      Lead teams will have more control of which projects are authorized in PPMC

  • 6. 
    Which is NOT a characteristic of portfolio choicemaking?
    • A. 

      GBS makes choices about what we should work on

    • B. 

      Anyone can choose to start a project

    • C. 

      GBS reevaluates choices based upon the current reality both inside and outside the projects

    • D. 

      GBS leaders sign off on all new projects

  • 7. 
    Who cares about Tier 2 projects (in terms of how we characterize that tier)?
    • A. 

      AG

    • B. 

      Filippo

    • C. 

      CLT

    • D. 

      Directors

  • 8. 
    Which of the following is true about project tiering?
    • A. 

      The PM can assign any tier to their own project

    • B. 

      The program manager can assign any tier to their own project

    • C. 

      The project tier cannot be higher than the tier of its program

    • D. 

      The lead service Director can assign any tier to a project in their organization

  • 9. 
    How often should a PM update their record in PPMC?
    • A. 

      Once per month before the DQR report is run

    • B. 

      Once anytime per month

    • C. 

      Whenever the PM feels like it

    • D. 

      Whenever something changes

  • 10. 
    Which of the following is not valid to appear in a Tier 2 program?
    • A. 

      A tier 1 project

    • B. 

      A tier 2 project

    • C. 

      A tier 3 project

    • D. 

      A WBS Element

  • 11. 
    Which programs require benefits and ongoing costs to be entered in FMC?
    • A. 

      ALL programs

    • B. 

      All Tier 0, 1, and 2 programs

    • C. 

      All Tier 1, 2, and 3 >$500M

    • D. 

      All discretionary programs

  • 12. 
    Which of the following is NOT true regarding FMC?
    • A. 

      Consolidate CRP/DI Funding requests on a project/assets for the same CC.

    • B. 

      The deadline for Expense and Funding requests is the 7th calendar day at 11:59pm EST of the preceding month.

    • C. 

      Funding requests will be rejected after 30 days if not approved.

    • D. 

      You shouldn't change data for “closed” months in PPMC.

    • E. 

      Give BU Approver a heads up on significant funding requests if they may not be familiar with the project.

  • 13. 
    From a project spending forecast accuracy standpoint, what should your target be? (actuals vs. PC)
    • A. 

      Between 95 to 105 index

    • B. 

      The lower your spending is, the better

    • C. 

      Below 105 index

    • D. 

      Between 80 and 120 index

  • 14. 
    Which of the following is NOT true regarding CRP management?
    • A. 

      Secure Funding Approvals ahead of committing spend

    • B. 

      Project funding within FMC – align with Lead Service Line

    • C. 

      You only need to worry about managing CRP during one of the 5 forecast months

    • D. 

      After April 1st, only authorize spending that can be used by the end of the FY

  • 15. 
    When should a PO GR (purchase order goods receipt) be entered?
    • A. 

      Only between the 1st and 5th working day of every month

    • B. 

      When the service is confirmed as delivered

    • C. 

      When you have received the invoice

    • D. 

      Anytime before the end of the FY, so that expenses are accurate for the year

  • 16. 
    Sometimes project teams will find ways to save money when delivering a project.  Which of the following is NOT true regarding savings?
    • A. 

      If the savings are driven by running the project more efficiently, then the savings can go to GBS up to 20% of the project’s total costs.

    • B. 

      If you save less than 20% on a project, the savings goes to GBS

    • C. 

      For CfG projects, move the savings to the distributed cost element in FMC

    • D. 

      If the savings are driven by a scope change that requires buy in from the customer, then related savings should automatically go to the customer

  • 17. 
    Which of the following is NOT true regarding portfolio optimization analysis?
    • A. 

      Enables businesses to make choices between projects earlier

    • B. 

      Provides a comparative evaluation of all projects, leading to resource allocation choices

    • C. 

      Enables dynamic decision-making

    • D. 

      It should not be linked to the business strategy

  • 18. 
    Which of the following is NOT true regarding benefits?
    • A. 

      It should be entered into FMC by the Program Manager

    • B. 

      It should be entered into FMC by the Finance Manager

    • C. 

      It should be calculated at the program level, but then entered into FMC under one project

    • D. 

      It should be entered as incremental vs. the base year

  • 19. 
    Which of the following is NOT true regarding contingency?
    • A. 

      Contingency is to be used for risks that materialize or variability in our cost/schedule estimates

    • B. 

      Project contingency should be used to protect against new project scope

    • C. 

      Project contingency should decline as the year progresses

    • D. 

      Higher risk projects should carry more contingency

  • 20. 
    Which of these is NOT GBS Project/Program Success Measures?
    • A. 

      QoD

    • B. 

      Client Aligned Success (CAS)

    • C. 

      On Time

    • D. 

      On Cost

    • E. 

      On Quality

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