CIS-PPM practice question 7 of 15

The PPM Standard plugin enables an it_project_manager to perform the following activities: (Choose three.)

Full set: 60 questions
Answer options
A: Determine overall project cost requirements Correct answer
B: Configure cost type definition
C: Define target for the portfolio
D: Establish resource requirements and track costs. Correct answer
E: Track actual amount spent compared to an approved budget. Correct answer
Correct Answer:
A. Determine overall project cost requirements; D. Establish resource requirements and track costs.; E. Track actual amount spent compared to an approved budget.
Explanation

The PPM Standard plugin (com.snc.financialplanningpmo) provides the itprojectmanager role with core capabilities for managing individual projects. This includes creating cost plans to define overall cost requirements (A), creating resource plans to establish resource needs and then tracking associated costs (D), and monitoring project financials by comparing actuals from expense lines and time cards against the budgeted cost plans (E). These activities are central to the project manager's responsibility for delivering a project on time and within budget.

Why Incorrect

B. Configure cost type definition: This is an administrative function, typically performed by a user with the itfmadmin or ppmadmin role, not a project manager.
C. Define target for the portfolio: This is a strategic activity performed by a portfolio manager (itportfoliomanager), who oversees multiple projects and programs.

References

1. ServiceNow Product Documentation. (2024). Project and Portfolio Management > Base roles in Project Portfolio Management. The documentation outlines the responsibilities for the itprojectmanager role, which include creating and managing cost plans, resource plans, and tracking project financials.

2. ServiceNow Product Documentation. (2024). Project and Portfolio Management > Financial Management > Project financial planning. This section details the project manager's role in creating cost plans and budgets for a project.

3. ServiceNow Product Documentation. (2024). Project and Portfolio Management > Resource Management > Request resources. This section describes how project managers create resource plans to define staffing requirements.

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