Siemens PMKT – Redux Exam Fully Tested And Verified

Siemens PMKT – Redux Exam Fully Tested And Verified Independent Project Organization - answerPM has entire responsibility and authority over project. Discussions can be made quickly. Matrix Organization - answerPM shares responsibility with functional manager for assigning work. Individuals report to the FM, but work with the PM. Project Manager Target Agreement (PMTA) - answerFormal 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) - answerDocument informing everyone of the responsibility and authority of the PM. SMART Targets - answerGoals are set using Specific, Measurable, Achievable, Realistic, Time-bound characteristics. Time - Cost - Scope Triangle - answer(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) - answerCategory 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) A B C S 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 - answerSiemens 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) - answerBrings 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 - answerGuides 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 - answer0 harm for customer, employees, 0 illness. 0 incidents, compliance w/ EHS standards. Project Enabler Process - answerCR & Claim Management, project controlling, project planning, risk & resource management. To achieve the targeted value contribution, the PM: - answerDefines 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: - answerAnalyzing customer proactively w/ make or buy strategy, identify appropriate suppliers, consider total cost of ownership, develop reliable logistics.