2014 Governance & Reporting

10 Questions | Total Attempts: 594

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2014 Governance & Reporting

Questions and Answers
  • 1. 
    2014 Project Governance benefits include which of the following?
    • A. 

      All listed answers

    • B. 

      Improve visibility to profitability and cash flow

    • C. 

      Driving unified ways of Project Governance and Reporting across all CUs

    • D. 

      Consolidated Financial view for ALL projects

  • 2. 
    Assigned Costs are comprised of which of the following:
    • A. 

      Actual Cost plus Committed Cost

    • B. 

      Planned Cost plus Committed Cost

    • C. 

      Planned Budget minus Actual Cost

  • 3. 
    High performance financial monitoring and control activities will help lead to a result in which of the following performance indicators?
    • A. 

      All of the listed answers

    • B. 

      Planned Costs is less than or equal to Latest Approved Budget

    • C. 

      Assigned Costs are less than or equal to Planned Costs

    • D. 

      EAC UM is equal or greater than Approved UM

  • 4. 
    Post TG2, the expectation is that Planned Cost is less than or equal to Budget.
    • A. 

      True

    • B. 

      False

  • 5. 
    If Assigned Costs (e.g.: Actual + Committed) are higher than Planned Costs, the project margin can be impacted negatively?
    • A. 

      True

    • B. 

      False

  • 6. 
    What does the value for Orders Booked represent?
    • A. 

      The dollar value of the sales orders based on the customer’s POs or contract.

    • B. 

      Recognition of the booked orders into our income statement.

    • C. 

      The dollar value of the purchase orders received from Ericsson.

    • D. 

      All of the answers listed

  • 7. 
    What is the definition for WIP?
    • A. 

      Actual cost incurred that exceed the value of cost recognized

    • B. 

      Recognized cost that exceed the value of actual cost incurred

    • C. 

      Total Amount of reserved costs.

  • 8. 
    What does the value of EAC UM$ represent?
    • A. 

      Orders Booked – Planned Cost

    • B. 

      YTD + PTE

    • C. 

      Orders Booked + SAP Cost Budget

    • D. 

      PTD + PTE

  • 9. 
    What does the value of Net Sales represent?
    • A. 

      Recognized Revenue

    • B. 

      Value of POs received from the customer

    • C. 

      Value of recognized cost for a project

    • D. 

      All of the answers listed

  • 10. 
    Which of the following is true regarding YTD and PTD?
    • A. 

      YTD represents the values for the current fiscal year, PTD includes all the amounts since the beginning of the project

    • B. 

      YTD represents the total value for the month and the PTD represents the total value for the project

    • C. 

      PTD includes total cost for the year and YTD includes total cost for the entire project

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