PM@SIEMENS KNOWLEDGE 2025
TEST
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
Non-operational target that cant be measured? - ANSWERS-Improvement of the
work climate
QUESTION 2
Stakeholders - ANSWERS-All people or groups that are involved, interested, or
affected by a project. Can be pretty much anyone
QUESTION 3
How can you reduce project assets? - ANSWERS-1. Reduce AR
2. Reduce Inventories
QUESTION 4
Life Cycle Costs - ANSWERS-Costs from development to end
END OF
PAGE 1
, PM@SIEMENS KNOWLEDGE 2025
TEST
QUESTION 5
How can you get better financials? - ANSWERS-1. Getting procurement results
2. Cost reducing technology which wasn't considered in the scope
QUESTION 6
How can you check if you are on budget? - ANSWERS-Conducting project reports
and current calculations
QUESTION 7
Expected Risk Value - ANSWERS-Probability of Risk x Risk Value
QUESTION 8
Buffers and delay example... - ANSWERS-1. You have a 1 week buffer but the
delay is two weeks, the supplier can put in a claim for one week.
END OF
PAGE 2
, PM@SIEMENS KNOWLEDGE 2025
TEST
2. • If an activity that is linked to another activity is delayed 4 weeks, then the
supplier can get that same extension time can be claimed by the supplier.
QUESTION 9
Project Manager - ANSWERS-Needed on projects that have highest risk category
and highest project category
LOA (Limits of Authority) helps... - ANSWERS-1. Reduce NCC
2. Manage Risk
3. Align w business strategy
4. Manage the portfolio
QUESTION 10
Warranty Phase - ANSWERS-Ensures the quality requirement during operation
phase are fulfilled
QUESTION 11
END OF
PAGE 3
, PM@SIEMENS KNOWLEDGE 2025
TEST
Knowledge Management - ANSWERS-Finding the right information, keeping the
information in a readily accessible place, and making the information known to
everyone in the firm.
Could lead to competitive advantage
QUESTION 12
How to compensate for delays? - ANSWERS-- OT
- Optimizing
- Motivating team members
- More resources
QUESTION 13
Social Competence - ANSWERS-- Creating and maintaining a good working
environment
- Focus on facts when communicating
- Behave in a reasonable way that fits in the current situation
END OF
PAGE 4
TEST
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
Non-operational target that cant be measured? - ANSWERS-Improvement of the
work climate
QUESTION 2
Stakeholders - ANSWERS-All people or groups that are involved, interested, or
affected by a project. Can be pretty much anyone
QUESTION 3
How can you reduce project assets? - ANSWERS-1. Reduce AR
2. Reduce Inventories
QUESTION 4
Life Cycle Costs - ANSWERS-Costs from development to end
END OF
PAGE 1
, PM@SIEMENS KNOWLEDGE 2025
TEST
QUESTION 5
How can you get better financials? - ANSWERS-1. Getting procurement results
2. Cost reducing technology which wasn't considered in the scope
QUESTION 6
How can you check if you are on budget? - ANSWERS-Conducting project reports
and current calculations
QUESTION 7
Expected Risk Value - ANSWERS-Probability of Risk x Risk Value
QUESTION 8
Buffers and delay example... - ANSWERS-1. You have a 1 week buffer but the
delay is two weeks, the supplier can put in a claim for one week.
END OF
PAGE 2
, PM@SIEMENS KNOWLEDGE 2025
TEST
2. • If an activity that is linked to another activity is delayed 4 weeks, then the
supplier can get that same extension time can be claimed by the supplier.
QUESTION 9
Project Manager - ANSWERS-Needed on projects that have highest risk category
and highest project category
LOA (Limits of Authority) helps... - ANSWERS-1. Reduce NCC
2. Manage Risk
3. Align w business strategy
4. Manage the portfolio
QUESTION 10
Warranty Phase - ANSWERS-Ensures the quality requirement during operation
phase are fulfilled
QUESTION 11
END OF
PAGE 3
, PM@SIEMENS KNOWLEDGE 2025
TEST
Knowledge Management - ANSWERS-Finding the right information, keeping the
information in a readily accessible place, and making the information known to
everyone in the firm.
Could lead to competitive advantage
QUESTION 12
How to compensate for delays? - ANSWERS-- OT
- Optimizing
- Motivating team members
- More resources
QUESTION 13
Social Competence - ANSWERS-- Creating and maintaining a good working
environment
- Focus on facts when communicating
- Behave in a reasonable way that fits in the current situation
END OF
PAGE 4
