Siemens PMKT - Redux Exam Questions and Answers Fully Solved Graded A+
Independent Project Organization - Answers PM has entire responsibility and authority over project.
Discussions can be made quickly.
Matrix Organization - Answers PM shares responsibility with functional manager for assigning work.
Individuals report to the FM, but work with the PM.
Project Manager Target Agreement (PMTA) - Answers Formal confirmation of executing project
documenting agreed targets regarding deadlines, scope, costs, & margin. More detailed than LOE.
Includes project description, financial/strategic/quality/EHS targets, deadlines & milestones.
Letter of Empowerment (LoE) - Answers Document informing everyone of the responsibility and
authority of the PM.
SMART Targets - Answers Goals are set using Specific, Measurable, Achievable, Realistic, Time-bound
characteristics.
Time - Cost - Scope Triangle - Answers (Scope & Time) Fast & High Quality = Expensive
(Scope & Cost) Cost Effective & High Quality = Takes Time
(Cost & Time) Quick & Cheap = Low Quality /Reduced Functionality
PM has to balance all 3 dimension w/ stakeholders expectation.
Level of Authority (LoA) - Answers Category considers Finances, Contract, Technical complexity, &
Organization
Determining under what conditions a bid can be submitted
Defines necessary admin efforts & selection of PM
Compliance Risk - 1 2 3
Business Risk - 1 2 3
Proj. Category - A B C S (Higher > Low)
, ABCS
A1 B1 C1 X
A2 B2 C2 X
A3 B3 C3 X
- Must happen before PM040
- Reduces NCC, manages risk, aligns w/business strategy, manages portfolio
- Is the approval process for Projects
Business Conduct Guidelines - Answers Siemens corporate code of conduct. Fundamental principles and
rules governing how we at (ownership culture, basic working conditions, human rights)
Project Acceleration by Coaching & Teamwork (PACT Workshop) - Answers Brings everyone together to
understand topics of project, brings team up to speed, enables coaching & teamwork. Mandatory for Bid
Phase, Project Opening, not LL
PM Requirements - Answers Guides team & suppliers to act according to BCG, rules, laws, and
regulations. Monitor projects for decrease in EHS & compliance. Fulfill 0 harm EHS. MAKES SURE
EVERYONE FOLLOWS EVERYTHING.
EHS - Environment Health & Safety - Answers 0 harm for customer, employees, 0 illness. 0 incidents,
compliance w/ EHS standards.
Project Enabler Process - Answers CR & Claim Management, project controlling, project planning, risk &
resource management.
To achieve the targeted value contribution, the PM: - Answers Defines work packages to be outsourced,
identified crucial procurement requirements & manages them, develops supply chain concept, avoids
single supplier.
Preconditions for excellent value contributions by procurement: - Answers Analyzing customer
proactively w/ make or buy strategy, identify appropriate suppliers, consider total cost of ownership,
develop reliable logistics.
Important elements regarding customer focus: - Answers Actively gather information about customer.
Involve customer in decision making & give project status updates. Manage customer expectations &
satisfaction.
Customer Satisfaction - Answers Combination of managing customer's expectations & delivering
appropriate technical solutions.
Independent Project Organization - Answers PM has entire responsibility and authority over project.
Discussions can be made quickly.
Matrix Organization - Answers PM shares responsibility with functional manager for assigning work.
Individuals report to the FM, but work with the PM.
Project Manager Target Agreement (PMTA) - Answers Formal confirmation of executing project
documenting agreed targets regarding deadlines, scope, costs, & margin. More detailed than LOE.
Includes project description, financial/strategic/quality/EHS targets, deadlines & milestones.
Letter of Empowerment (LoE) - Answers Document informing everyone of the responsibility and
authority of the PM.
SMART Targets - Answers Goals are set using Specific, Measurable, Achievable, Realistic, Time-bound
characteristics.
Time - Cost - Scope Triangle - Answers (Scope & Time) Fast & High Quality = Expensive
(Scope & Cost) Cost Effective & High Quality = Takes Time
(Cost & Time) Quick & Cheap = Low Quality /Reduced Functionality
PM has to balance all 3 dimension w/ stakeholders expectation.
Level of Authority (LoA) - Answers Category considers Finances, Contract, Technical complexity, &
Organization
Determining under what conditions a bid can be submitted
Defines necessary admin efforts & selection of PM
Compliance Risk - 1 2 3
Business Risk - 1 2 3
Proj. Category - A B C S (Higher > Low)
, ABCS
A1 B1 C1 X
A2 B2 C2 X
A3 B3 C3 X
- Must happen before PM040
- Reduces NCC, manages risk, aligns w/business strategy, manages portfolio
- Is the approval process for Projects
Business Conduct Guidelines - Answers Siemens corporate code of conduct. Fundamental principles and
rules governing how we at (ownership culture, basic working conditions, human rights)
Project Acceleration by Coaching & Teamwork (PACT Workshop) - Answers Brings everyone together to
understand topics of project, brings team up to speed, enables coaching & teamwork. Mandatory for Bid
Phase, Project Opening, not LL
PM Requirements - Answers Guides team & suppliers to act according to BCG, rules, laws, and
regulations. Monitor projects for decrease in EHS & compliance. Fulfill 0 harm EHS. MAKES SURE
EVERYONE FOLLOWS EVERYTHING.
EHS - Environment Health & Safety - Answers 0 harm for customer, employees, 0 illness. 0 incidents,
compliance w/ EHS standards.
Project Enabler Process - Answers CR & Claim Management, project controlling, project planning, risk &
resource management.
To achieve the targeted value contribution, the PM: - Answers Defines work packages to be outsourced,
identified crucial procurement requirements & manages them, develops supply chain concept, avoids
single supplier.
Preconditions for excellent value contributions by procurement: - Answers Analyzing customer
proactively w/ make or buy strategy, identify appropriate suppliers, consider total cost of ownership,
develop reliable logistics.
Important elements regarding customer focus: - Answers Actively gather information about customer.
Involve customer in decision making & give project status updates. Manage customer expectations &
satisfaction.
Customer Satisfaction - Answers Combination of managing customer's expectations & delivering
appropriate technical solutions.
