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Nokia CPM Sample Questions:

1. Which of the following inputs are part of the sales to delivery handover?

A) As sold cost estimate, project plan and PT
B) PTA, RFQ and approved cost baseline.
C) Customer PO, draft of the contract and project schedule.
D) Cost assumptions, updated country cost database and risk log.

2. What is typically NOT processed in the project cost management tool as a project change?

A) Materialized risk.
B) Additional functions/applications/major volumes (e.g. sites) compared to the original contract scope.
C) So-called "unknown unknowns".
D) Planned additional work.

3. Company A is working on a project. The project's budget is EUR10,000. The planned value as of date X is EUR4,000. The project has an earned value of EUR3,500 and actual costs of EUR4,500. Which statement is correct?

A) The project is behind schedule.
B) The project is finished.
C) The project is on schedule.
D) The project is ahead of schedule.

4. What are the basic elements for estimate at completion reporting?

A) Actual Costs + ETC.
B) CBL - ETC .
C) Detailed plan - actual costs.
D) ASCE + ET

5. Which of the following is NOT a type of performance measure?

A) Estimate to complete.
B) Planned Value.
C) Cost variance.
D) Earned Value.

Solutions: