GFEBS Project Systems Course Questions and Answers (2022/2023).

GFEBS Project Systems Course Questions and Answers (2022/2023). 1. What is a project definition?: 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. 2. What is a Project Definition? (2 of 2): 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. 2 / 17 The default values will be copied into new WBS elements created for the project, but may be changed with the exception of Project Profile. 3. What is a Work Breakdown Structure?: 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 4. Work Breakdown Structure (WBS): 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. 3 / 17 In GFEBS, there can only be one WBS directly below the Project Definition. This is known as the Level 1 WBS, and will have the same number (and usually name) as the Project Definition. 5. WBS Elements: WBS elements are arranged hierarchically so that the most atomic work that can be described and funded with a single LOA (line of accounting) are at the bottom. Typically, execution (accrual of expenses) only occurs at this lowest level, though that does not have to be the case. Since the WBS is structured hierarchically, we're able to summarize and display the data for the corresponding higher-level WBS elements, or all the way up to the Project Definition level. Click on the note icon below for more information 6. WBS Elements - Operative Indicators: GFEBS uses Operative Indicators to define characteristics that control functionality of a WBS - they define whether a given WBS can or cannot be used in some very important processes. Click on each image for each process. Click on the note icon for more information. 7. Planning Element: WBS's that can have planned costs entered against them must be marked by checking the Planning Element operative indicator. 8. Account Assignment Element: WBS's that can have actual costs accrued (executed) against them must be marked by checking the Account Assignment Element Operative Indicator. 4 / 17 9. Billing Element: WBS's that can be referenced on a Sales order for a reimbursable must be marked by checking the Billing Element Operative Indicator. 10. Which of the following is used to define the characteristics of a WBS element?: Operative Indicators 11. A good project structures supports which of the following?: Cost Reporting Funding / Funded Program Design Execution All of the above 12. True or False: In PS, the terms "Project" and "Project Definition" are synonymous: False 5 / 17 13. True or False: A WBS element can have multiple lines of accounting (LOA).: False 14. Project Systems Text and Documents: PS text and documents are objects that can be assigned to WBS elements. PS text are user-definable texts that are managed in a PS text catalog. The texts are classified into different text types. You can assign one or more WBS elements to PS text. Also, External documents in various formats (Excel, Word, PPT, BMP, and CAD) can be assigned to WBS elements. 15. Project Template: It is often convenient to create one project from another to avoid having to re-create the entire structure manually and re-enter all the data. This is especially true if you have many projects that are similar to one another, or if you are "rolling over" a project from one fiscal year to the next. You can create a project by copying from either a template (Standard Project) or a regular working project (known "Copying Operative.") Note that the term "template" is often used loosely to indicate either a standard project or an operative project whose purpose is to be a template. Copying Projects using either method is not described here in further detail - there are Job Aids and OLHP's that describe the processes.