Exam 2026-2027Actual Complete Real Exam Questions
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Who must be considered w/ every project adjustment? -
ANSWER -Relevant
stakeholders
Main aspects to consider for project strategy &
implementation? - ANSWER --
Stringent across
project
- Communicated w/ team, &
stakeholders
- Alignment w/ business
strategy
How can I ensure contribution of project team members to the
implementation of the business strategy for my project? -
ANSWER -- Communicate tailored strategy to project team
- Use strategy as basis for identifying opportunities
,- Use info from won/loss bids to improve strategy for future
bids
LoA - ANSWER -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 -
123
Business Risk -
123
Proj. Category - A B C S (Higher
> Low)
A B C
S
A1 B1 C1
- Must happen before PM040
X
A2 B2 C2 - LoA reduces NCC, manages risk, aligns w/business
X strategy, manages portfolio
A3 B3 C3 -*LoA is the approval process for Projects*
X
Business Conduct Guidelines (BCG) - ANSWER -- Siemens
corporate code of
,conduct
- Fundamental principles and rules governing
how we act
*motivation & values
*ownership culture
*anti-corruption, outgoing payments & travel expenses
*basic working conditions
*collective action
*financial integrity; tax
*human rights
*our portfolio, cybersecurity, technical compliance
*the Siemens brand
Project Finance tasks throughout entire project lifecycle? -
ANSWER -1.
creating costs, profit, & cash flow transparency for the offer,
order entry, current status & forecast
2. optimizing the project cash flow & assets
3. providing basis for managing the fulfillment of the project's
cost & defined profit targets
4. fostering early detection of cost deviations, followed by the
definition and implementation of appropriate measures
5. ensuring OEC is done & documented
6. ensuring regular financial controlling & reporting
When do I have to apply PM@Siemens? - ANSWER -*Mandatory
for all units &
, affiliated companies of
Siemens AG*
Requirements are binding for all projects *over 1 Mil (euro)*
*Internal projects* & *under 1 mil (euro* is not mandatory, but
should be applied
Work Breakdown Structure (WBS) - ANSWER -A hierarchical
method that successively subdivides the work of the project
into smaller detail. Visuall defines the scope into *manageable
sections (Work Packages)* that a project team can understand.
Tree Structure
Gantt Chart - ANSWER -A time and activity bar chart that is
used for planning, managing, and controlling major programs
that have a distinct beginning and end.
*Sequence and duration of work packages, relation of tasks*
Total Float - ANSWER -The amount of time that a schedule
activity can be delayed or extended from its early start date
without delaying the project finish date.
How much of project costs are supplier related costs? -
ANSWER -40-60%