PPM Fundamentals Flashcards
CIS-PPM certification
Define Demand Management?
It provides users with a single location to capture, organize, and assess strategic and operational demands
What are the steps of the demand process (5)?
- Submit an idea
- Create a demand
- Enhance a demand
- Assess a demand
- Complete a demand
Can any user create a demand?
No, need demand user/manager role
Can any user submit an idea?
Yes
What role can enhance a demand?
Demand Manager
What details can a Demand Manager add when they enhance a demand (8)?
Stakeholders Requirements Risks Decisions Demand tasks Cost Benefit & Resource plans
What “status” can the Demand Manger set during assessment (3)?
Qualify
Defer
Reset to draft
What role can put the demand in complete state?
Demand Manager
What two category’s of demands are there?
Strategic: Could results in creation of Enhancement, Project, Epic, Story, SAFe Epic, SAFe Feature, SAFe Story or No Conversion.
Operational: Could result in a Change, Defect
or No Conversion.
What determines what demand types are available?
Installed plugins
What are the states for a demand (6)?
Draft Submitted Screening Qualified Approved Completed
What 3 fields are mandatory when creating a draft/demand?
Name
Category
Type
What additional information fields/boxes (tabs) are available when creating a draft/demand (6)?
Details Business Case Financials Assessment Data Notes Preferences
What happends if the Demand Manager put the demand into Screening state?
Assessment questionnaires/surveys are triggered and sent to designated stakeholders to weigh in on the demand
In what state is the demand reviewed?
Qualified
What does the Financial Summary tab show?
A snapshot of all financial information inc total planned cost, budget cost, financial return and benefit
Creation of _____ in turn creates a capital expense cost plan and an associated cost breakdown?
Resource plan
Create a _______ to specify the estimated benefit in a category for a fiscal period
Benefit plan
What does RIDAC stand for?
Risk Issue Decision Action Request Changes (create a record for each when used)
What do you call (what field) expenses used to buy, maintain or improve assets?
Capital Expenses
What is the Financial Benefit value (definition)?
Estimate of revenue if the demand is approved (the value is rolled up from the benefit breakdown of the demand)
Interest rate to determine the present value of future cash flows is populated in what field?
Discount Rate (Financial tab)
What fields are automatically populated once financial information is entered (5)?
- Total Planned Cost (capital & operational expenses)
- Financial Return (difference Financial benefit & tot planned cost)
- Net Present Value (NVP) (The present value of future cash based on the given annual interest rate.)
- Internal Rate of Return (Annual interest rate required to achieve an NPV of zero)
- Demand Actual Cost (Actual cost of all the demand tasks + actual cost of extra activities.)
Present value of future cash-based on the given annual interest rate. It is a measure for comparing money spent today against future expected financial benefits. It helps when evaluating the overall investment performance. It´s called?
Net Present Value (NPV)
Strategic project demands are assessed based on five attributes (5)?
What categories are these attributes grouped into (2)?
Cost ROI Size Strategic Alignment Risk **Demand Metrics & Assesment Metrics
Demand Metrics is defined as?
Any information a demand manager enters
comprised of Cost, ROI and Size
Assessment Metrics (assessment results tab) is defined as?
Any information a stakeholder enters
include Strategic Alignment and Risk of a demand
__________ are a set of question categories where each group has a number of questions with various answer types – True/ False, 1-10 scale, etc. Each category can be given a weight to use in the score calculations.
Demand Assessments
What role can design modified assessments?
System admin
- A stakeholder list can be pre-built for a ______ to make adding stakeholders easier?
- Where do you add them in the menu (modul)?
- portfolio
2. Project Administration > Settings > Stakeholders
_________ are automatically added to demands aligned to a specific portfolio?
Stakeholders
Does creation of a stakeholder require a portfolio association?
No (demand manager is also able to add one-off stakeholders who do not belong to a single portfolio)
Each stakeholder’s scope and level of involvement is documented using these 6 attributes?
Portfolio Level of Interest Assessment recipient Approver Influence Engagement
At what stage (state of the demand) are assessments triggered?
When demand enters screening state
by dispatching a survey to stakeholders marked as the assessment recipients
Where does recipients view their assessments?
Self Service > My Assessments and Surveys (module)
The assessments are, by default, due _________ after being sent to an assessment recipient?
two weeks
______ is the average of all survey results for a particular metric
Rating
________ is the weighted average of all survey results based on defined criteria
Normalized value
The ROI metric category has two assessment metrics?
Impact
Financial return
Total Cost is calculated by?
Sum of capital and operational expenses
Financial return is automatically calculated as?
Financial benefit minus Total costs
ROI % is calculated as?
Financial return / Total cost * 100
T-Shirt size field on the Demand form describes what?
Assesses demand size relative to the size of other demands
The T-Shirt size metric category field in Assessment Data Tab use these size/values (5)?
XXL – 10 XL – 8 L – 6 M – 4 S – 2
Impact field in Assessment Data Tab have these values (3)?
High (10)
Medium (5)
Low (1)
When the demand is in Qualified state, is it possible to revert it for adjustments (cost, ROI, Size)?
No
A _______ captures benefit and financial metric information (snapshot of cost plan, benefit plan, and demand-level financial metrics) at a particular moment in time?
financial baseline
Baseline records are captured in the___?
Baselines related list
In the demand road map each demand in represented by a single box, what info can you see default without clicking on the box an open it up (2)?
Name
Due date
To create a change or defect from a demand, what plugin needs to be installed?
Agile Development 2.0 plugin
From where can you create a project for an approved demand (2)?
The demand form (Create Project related links) Demand workbench ( right click on demand bubble, create project)
What fields from the demand are automatically moved (not duplicated) to a created project (3)?
Costs Plans
Benefit Plans
Resource Plans
What fields are set from the demand on the Project Form to a created project when creating project from a demand (7)? (check if correct??)
Estimated Cost Planned Benefit Planned Return Planned ROI Planned Start and End dates (inc approved dates) Program and Portfolio Project Name *(investment type & class) *business case
Can demand approval be limited to specific roles?
Yes
Does all demands require stakeholder assessment?
No, Demand Manager can disable assessments
Does the Due Date of a Demand Task affect the demand workflow/completion date?
No (but does on a project task)
What are the stages in the Project Management process flow (5)?
What model is used?
Initiating (need and value?)
Planning (scheduled tasks, dependencies & resources)
Execution (start, assign tasks & managing delivery)
Delivering (completion of project tasks & hand off)
Closing (complete, post project activities)
**Waterfall model
What types of projects are available (3)?
Waterfall
Agile
Hybrid (mix waterfall & agile)
Where can you find the definition, planning, tracking and monitoring of projects from a single location?
Project Workspace
Where can a PM have a view of sub projects, project tasks and project Gant chart?
Planning Console
Define the difference between Risk and Issue?
Issue-something that already has occurred
Risk-only potential issue
From where can a new Project be created (3)?
Project -> Projects -> Project Workspace (dashboard)
Project -> Projects -> Create New
Project -> Projects -> All
Project Managers can import a ________ file and ServiceNow will create the project based upon the .mpp file.?
Microsoft Project
Is it possible to copy a project or parts of it?
Yes
There are many variations for a waterfall model, but most have either ____ or ______ to accomplish the core waterfall activities?
phases or tasks
An ____ software development project is iterative, incremental, and flexible; allowing for accelerated realization of the agreed‐upon business outcomes.
Agile
Measurement in Agile projects is on?
Working software (not tasks in a project plan)
With the _____ feature, a task is copied with all its subtasks and relationships.
Copy Partial Project
What can a project template include (4)?
Tasks
Subtasks
Checklists
Attachments
Where do you find the function to create template of a project?
Under Related Links in the project (form) -> Save as new template
A template can be applied to any project that doesn’t have _______ ?
Child tasks
To keep both the tasks created in Microsoft Project and in ServiceNow, the project must first be __________?
Exported from ServiceNow and imported into Microsoft Project.
Does recalculation happen on tasks imported from Microsoft Project in ServiceNow?
No (the dates are retained in the as is state from the Microsoft Project file)
The MS Project Import feature allows users to manage parents and subprojects as ________?
Two different Microsoft projects in ServiceNow
What is the It is the only field that is mandatory by default in the Project form?
Project Name
What are the different statuses (colors) for a Project (3)?
Green
Yellow
Red
Where is the information for (project) “Status” retrieved?
From the overall health field in the most recent project status report of the project.
What does the “Percent Complete” field in Project form present?
Aggregate representation of project task completion.
What are the different Project State´s (6)?
Same states as Project Task have
Pending - no work has been started
Open - project is ready to start
Work in Progress - work has begun on a project
Closed Complete - project was finished
Closed Incomplete - project was not finished and closed out
Closed Skipped - project skipped
What are the different tabs in the Project Form (7)?
Dates Details Business Case Financials Score Notes Preferences
If a Project is converted from a demand, will the Approved Start Date for the Project be the demand start date?
Yes