GFEBS PROJECT SYSTEMS COURSE QUESTIONS WITH CORRECT ANSWERS

What is a project definition? CORRECT ANSWER The project definition contains data used for the entire project. It contains default values which can be passed on to the WBS elements, or influence them, such as: Project Profile Project Control values (e.g., user status profile) Organizational data Planning parameters Settlement Rules Unique Project Number The Project Profile is often called the "DNA" of a PS project; it determines many attributes of the project. The Project Profile cannot be changed after project creation. What is a Project Definition? (2 of 2) CORRECT ANSWER In the project definition, default values are maintained for a project, such as the settlement rule, Person Responsible, or Plant. The default values can then be copied for a new WBS elements created for this project. The default values will be copied into new WBS elements created for the project, but may be changed with the exception of Project Profile. What is a Work Breakdown Structure? CORRECT ANSWER The WBS forms the basis for all subsequent planning tasks in the project. The emphasis is placed on: Planning Description Funding and Availability Control Costs and Fund Consumption Reporting Monitoring of costs, basic dates, and the statuses Work Breakdown Structure (WBS) CORRECT ANSWER In a WBS, the groupings of work are described in the project as individual elements in a hierarchy. The work is broken down in the project, step-by-step, until the level of detail is reached necessary to carry it out. These groupings of works are WBS Elements. So in GFEBS, a Work Breakdown Structure is a hierarchical arrangement of WBS elements under a project definition.