RCA Financial Management & Budgeting 2 — Questions and Answers
Question 1: In Relativity, where is the primary location to configure billing codes for matter-level cost tracking?
- Workspace Details tab (Correct answer)
- Billing Management console
- RelativityOne Admin portal
- Case Economics section
Correct answer: Workspace Details tab
The Workspace Details tab contains fields for billing codes and matter identifiers used in cost tracking.
Question 2: Which Relativity feature allows administrators to set alerts when a workspace's storage usage approaches a defined threshold?
- Storage thresholds in Workspace Details (Correct answer)
- Usage Alerts in Billing Management
- Data Grid monitoring dashboard
- Resource pool capacity warnings
Correct answer: Storage thresholds in Workspace Details
Administrators can configure storage thresholds in Workspace Details to receive alerts before limits are reached.
Question 3: Which pricing model in RelativityOne charges clients based on the amount of data stored per GB per month?
- Per-seat licensing
- Storage-based pricing (Correct answer)
- Review-hour pricing
- Transaction-based pricing
Correct answer: Storage-based pricing
Storage-based pricing calculates costs according to the total gigabytes of data retained in the environment each month.
Question 4: When an administrator purges a workspace in Relativity, what financial implication should they communicate to the client?
- Storage costs will cease for that workspace's data (Correct answer)
- Processing charges will be retroactively reversed
- User seat licenses will be automatically reclaimed
- Billing codes associated with the workspace are archived
Correct answer: Storage costs will cease for that workspace's data
Purging a workspace removes its data from storage, eliminating ongoing storage charges for that matter.
Question 5: What does the 'Data Transfer Out' cost component represent in a RelativityOne billing statement?
- Charges for uploading documents to the platform
- Fees for exporting or downloading data out of the environment (Correct answer)
- Costs for processing native files during ingestion
- Licensing fees for third-party integrations
Correct answer: Fees for exporting or downloading data out of the environment
Data Transfer Out refers to egress charges incurred when data is exported or moved out of the RelativityOne environment.
Question 6: An administrator needs to compare actual processing costs against the original project estimate. Which report type is best suited for this?
- Workspace summary report
- Budget variance report (Correct answer)
- Active Users report
- Audit log export
Correct answer: Budget variance report
A budget variance report compares projected costs to actual spend, highlighting deviations from the original estimate.
Question 7: In the context of Relativity billing, what is a 'matter number' typically used for?
- Uniquely identifying individual documents
- Linking workspace costs to a specific client matter for invoicing (Correct answer)
- Assigning reviewer seat licenses
- Defining data retention policy durations
Correct answer: Linking workspace costs to a specific client matter for invoicing
Matter numbers tie workspace-level activity and costs to a specific legal matter, enabling accurate client invoicing.
RCA Financial Management & Budgeting 2
In Relativity, where is the primary location to configure billing codes for matter-level cost tracking?