GFEBS Project Systems Course Exam
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.
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.
WBS |Elements |- |CORRECT |ANSWER✔✔-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
, WBS |Elements |- |Operative |Indicators |- |CORRECT |ANSWER✔✔-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.
Planning |Element |- |CORRECT |ANSWER✔✔-WBS's |that |can |have |planned |costs |entered |against |
them |must |be |marked |by |checking |the |Planning |Element |operative |indicator.
Account |Assignment |Element |- |CORRECT |ANSWER✔✔-WBS's |that |can |have |actual |costs |
accrued |(executed) |against |them |must |be |marked |by |checking |the |Account |Assignment |
Element |Operative |Indicator.
Billing |Element |- |CORRECT |ANSWER✔✔-WBS's |that |can |be |referenced |on |a |Sales |order |for |a |
reimbursable |must |be |marked |by |checking |the |Billing |Element |Operative |Indicator.
Which |of |the |following |is |used |to |define |the |characteristics |of |a |WBS |element? |- |CORRECT |
ANSWER✔✔-Operative |Indicators
A |good |project |structures |supports |which |of |the |following? |- |CORRECT |ANSWER✔✔-Cost |
Reporting
Funding |/ |Funded |Program |Design
Execution
All |of |the |above
True |or |False: |In |PS, |the |terms |"Project" |and |"Project |Definition" |are |synonymous |- |CORRECT |
ANSWER✔✔-False
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.
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.
WBS |Elements |- |CORRECT |ANSWER✔✔-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
, WBS |Elements |- |Operative |Indicators |- |CORRECT |ANSWER✔✔-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.
Planning |Element |- |CORRECT |ANSWER✔✔-WBS's |that |can |have |planned |costs |entered |against |
them |must |be |marked |by |checking |the |Planning |Element |operative |indicator.
Account |Assignment |Element |- |CORRECT |ANSWER✔✔-WBS's |that |can |have |actual |costs |
accrued |(executed) |against |them |must |be |marked |by |checking |the |Account |Assignment |
Element |Operative |Indicator.
Billing |Element |- |CORRECT |ANSWER✔✔-WBS's |that |can |be |referenced |on |a |Sales |order |for |a |
reimbursable |must |be |marked |by |checking |the |Billing |Element |Operative |Indicator.
Which |of |the |following |is |used |to |define |the |characteristics |of |a |WBS |element? |- |CORRECT |
ANSWER✔✔-Operative |Indicators
A |good |project |structures |supports |which |of |the |following? |- |CORRECT |ANSWER✔✔-Cost |
Reporting
Funding |/ |Funded |Program |Design
Execution
All |of |the |above
True |or |False: |In |PS, |the |terms |"Project" |and |"Project |Definition" |are |synonymous |- |CORRECT |
ANSWER✔✔-False
