World Project Controller

Question 1

A WPC must be implemented when… at least one criteria of (3) is fulfilled

Answer 1

1) Complexity - at least two entities
2) A or B Project
3) Risks - technical and/or financial

Question 2

Project is within NCM scope when the following criteria are fulfilled cumulatively (4)

Answer 2

1) A, B, C Project
2) project has on+off parts
3) executed in country of RU
4) BU is substantial contributor

Question 3

WPC, Major topics PACT Workshop

Answer 3

1) OEC
2) Risk and Opp analysis
3) Consortium agreement
4) Root cause approach
5) Applicable controlling and accounting procedure
6) Information has to be provided by RU to WPC

Question 4

THOP Costs - who pays extra?
1) Hourly Rate increase
2) Duration Extension

Answer 4

Depending on Responsibility Split / Root Cause default:
1) RU
2) BU

Question 5

Internal Dispute Settlement - Who takes additional costs into account near closing when no resolution could be found yet?

Answer 5

BU as the entity providing the WPC - then Root Cause Analysis

Question 6

What if the RU profit becomes negative but the overall profit is still positive? Provision for onerous contracts?

Answer 6

Not per IFRS, RU needs to check if it has to create one per local GAAP

Question 7

True or False - if the customer claims the delay the WPC needs to follow up claim settlement payments

Answer 7

True. Each entity needs to follow up, however - the WPC has to monitor the claim situation