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Nokia CPM Sample Questions:

1. What is the definition of project Risk Management?

A) To avoid risks that would damage the desired growth in sales and profitability while taking all opportunities to positively influence customer satisfaction.
B) To take risks that will enable Nokia to profitably grow the business while having a thorough understanding of the risks and responses required for its success.
C) To manage risks that will enable Nokia to profitably grow the business, while having a basic understanding of the risks and responses required.
D) To maximize the probability and consequences of positive events and minimize the probability and consequences of adverse events to project objectives.

2. In order to accurately report non conformance costs, it is necessary to:

A) record the extra cost in an SvO with Accounting indicators 1,5,92-95.
B) have a non conformance cost budget approved in advance.
C) forecast non conformance costs in NELLE.
D) create an internal invoice to transfer costs to product lines.

3. During the post cost calculation, the review of the subcontracting costs:

A) determines the payment of current invoices and incentive bonuses.
B) establishes the required work standards for the subcontractor in future.
C) is used as an input to cost estimation for similar scope on future projects.
D) establishes the contracted costs for future projects.

4. Which accounting indicator can have any of the CR categories linked?

A) 94 - NCC delivery.
B) 95 - NCC execution.
C) 9 - Risk contingency.
D) 93 - NCC resources.

5. Which of the following describes earned value:

A) cost variance.
B) completed work value.
C) cost baseline plan.
D) percentage over or under budget.

Solutions: