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ServiceNow Certified Implementation Specialist - Strategic Portfolio Management Sample Questions (Q40-Q45):

NEW QUESTION # 40
Which colors are used as indicators of project health in a project status report?
Choose 3 answers

A. Yellow
B. Green
C. Orange
D. Blue
E. Red

Answer: A,B,E

NEW QUESTION # 41
Which roles can add stakeholders to a Portfolio?
Choose 2 answers

A. it_pps_admin
B. it_demand_user
C. CD it.project.user
D. it_demand_manager

Answer: A,D

NEW QUESTION # 42
A project expense line is cost associated with a specific source, except for:

A. Fixed Assets.
B. Software.
C. Program.
D. Resource.

Answer: C

Explanation:
Explanation
According to the Project Expense Lines document, a project expense line is cost associated with a specific source, such as fixed assets, resource, or software. The program field on the project expense line form is not a source of cost, but a reference to the program that the project belongs to. Therefore, the correct answer is B.
Program. The other options are not correct, as they are sources of cost for a project expense line.

NEW QUESTION # 43
What information are users required to enter on a cost plan for a demand?

A. Functional currency
B. Discount Rate %
C. Cost type
D. Total planned cost

Answer: C

Explanation:
According to the Cost plan breakdown document, users are required to enter the cost type for each cost plan line item. Cost type is a mandatory field that specifies the type of cost, such as labor, software, hardware, etc. The other options are not required fields for a cost plan for a demand. Discount Rate % is an optional field that applies a discount rate to the cost plan. Total planned cost is a read-only field that displays the sum of the planned cost for all the cost plan breakdowns. Functional currency is a system property that defines the currency used for cost management.

NEW QUESTION # 44
Which of the following can be used to calculate planned cost when creating a resource plan?
Choose 2 answers

A. Default rate
B. Rate card
C. Demand rate
D. Project rate

Answer: B,D

Explanation:
Explanation
According to the ServiceNow documentation1, a rate card is a table that defines the hourly cost of labor for different roles or resources. A project rate is a fixed rate that is applied to all resources assigned to a project, regardless of their roles or individual rates. Both of these can be used to calculate the planned cost of a resource plan by multiplying the hours allocated to each resource by the corresponding rate. The other options are incorrect because:
A: Demand rate: A demand rate is a rate that is applied to a demand, not a resource plan. It is used to estimate the cost of fulfilling a demand before it is converted into a project2.
C: Default rate: A default rate is a rate that is applied to a resource when no other rate is specified. It is not a valid option for calculating the planned cost of a resource plan, as it is only used as a fallback option3.
1:
https://docs.servicenow.com/bundle/vancouver-it-business-management/page/product/resource-management/con
https://docs.servicenow.com/bundle/vancouver-it-business-management/page/product/demand-management/conc
https://docs.servicenow.com/bundle/vancouver-it-business-management/page/product/resource-management/con

NEW QUESTION # 45
......

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Charlotte Rivera Charlotte Rivera

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