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ServiceNow CIS-SPM Exam - Topic 10 Question 38 Discussion

Which of the following can be used to calculate planned cost when creating a resource plan?Choose 2 answers
B) Rate card and D) Project rate
A) Demand rate
C) Default rate

ServiceNow CIS-SPM Exam - Topic 10 Question 38 Discussion

Actual exam question for ServiceNow's CIS-SPM exam
Question #: 38
Topic #: 10
[All CIS-SPM Questions]

Which of the following can be used to calculate planned cost when creating a resource plan?

Choose 2 answers

Show Suggested Answer Hide Answer
Suggested Answer: B, D

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/concept/c_RateCards.html2: https://docs.servicenow.com/bundle/vancouver-it-business-management/page/product/demand-management/concept/c_DemandRate.html3: https://docs.servicenow.com/bundle/vancouver-it-business-management/page/product/resource-management/concept/c_DefaultRate.html


by Jaime at Jun 12, 2025, 02:41 PM

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Ammie
6 months ago
I thought Project rate was more relevant here.
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Karol
6 months ago
Wait, can you really use the Default rate for this?
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Alisha
6 months ago
Totally agree, A and B make sense!
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Lashawn
6 months ago
A and C? Not sure about that one!
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Daniel
7 months ago
I think A and B are the right answers.
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Chantay
7 months ago
I’m leaning towards the rate card and default rate, but I wish I had reviewed more examples before the exam.
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Boris
7 months ago
I'm a bit confused about the project rate. I feel like it could be relevant, but I can't recall if it’s used for planned costs specifically.
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Catrice
7 months ago
I remember we practiced a question similar to this, and I think the demand rate was one of the options we discussed.
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Maddie
8 months ago
I think the rate card is definitely one of the answers, but I'm not sure about the second one. Maybe the default rate?
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Andrew
8 months ago
I think the key here is to focus on the specific question of calculating planned cost. The demand rate and rate card seem most directly relevant to that.
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Daniel
8 months ago
I'm a bit confused on the difference between default rate and project rate. I'll need to review my notes to make sure I understand those concepts.
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Boris
8 months ago
Okay, let's see. I know demand rate and rate card are both related to resource costs, so those seem like good options to consider.
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Raylene
8 months ago
Hmm, this looks like a tricky one. I'll need to think carefully about the different factors that go into calculating planned cost.
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Salome
11 months ago
I'm not sure about Rate card. I think C) Default rate and D) Project rate are more appropriate for resource planning.
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Wayne
11 months ago
I agree with Dorothea. Demand rate and Rate card make sense for calculating planned cost.
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Allene
11 months ago
Alright, time to show off my mad planning skills. The answers are B) Rate card and D) Project rate. Boom, nailed it! Now, where's my trophy?
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Mozell
10 months ago
Nice try, but I got it right. It's B) Rate card and D) Project rate.
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Dean
11 months ago
Nope, it's actually B) Rate card and D) Project rate.
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Winfred
11 months ago
I think it's A) Demand rate and C) Default rate.
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Aleisha
11 months ago
B) Rate card and D) Project rate, no doubt about it. Unless you're some kind of cost-calculating wizard, in which case, please teach me your ways.
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Dorothea
11 months ago
I think A) Demand rate and B) Rate card can be used.
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Sommer
11 months ago
Hmm, let me see here... B) Rate card and D) Project rate. Yep, that's the way to go if you want to get that planned cost calculation spot on. Not rocket science, folks.
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Alpha
11 months ago
Yep, it's pretty straightforward - just use B) Rate card and D) Project rate for the calculation.
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Skye
11 months ago
Agreed, those are the two options that can be used to calculate planned cost accurately.
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Rickie
11 months ago
I think you're right, B) Rate card and D) Project rate are the way to go for planned cost calculation.
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Dorsey
12 months ago
Easy peasy, the correct answers are definitely B) Rate card and D) Project rate. Anything else and you're just wasting your time, my dude.
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Tamar
12 months ago
I think the answer is B) Rate card and D) Project rate. Gotta use those resource rates to calculate the planned cost, am I right?
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Shawna
11 months ago
Correct, using the resource rates like Rate card and Project rate is essential for calculating planned cost.
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Maryann
11 months ago
Make sure to consider both Rate card and Project rate when creating a resource plan.
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Carlota
11 months ago
I agree, those are the correct options to calculate planned cost.
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Graciela
11 months ago
Yes, you are correct! Rate card and Project rate are used to calculate planned cost.
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