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Nokia CPM Sample Questions:

1. Continually measuring and monitoring the actual cost versus the budget is done to:

A) analyze the reasons for variances.
B) smooth out the variances.
C) approve the variances.
D) generate reports.

2. Which of the following activities will contribute to reducing the project asset levels and improving project cash flow performance of an NI project?

A) Ensuring that the local project warehouse never runs out of inventory.
B) Combining different customer acceptances in order to bundle customer invoices.
C) Ensuring that the equipment is delivered to the site at least 2 days before the site will be ready for installation.
D) Making sure all task completed milestones are updated in IPM without delay.

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

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

4. Which of the following examples will cause a decline in project cost adherence (PCA)?

A) Delay in equipment delivery.
B) Additional service effort caused by site unavailability for which the customer is liable.
C) Penalties paid to the customer.
D) Additional scope of work ordered by customer.

5. A project plan is a:

A) document issued by senior management that provides the project manager with the authority to apply organizational resources to project activities.
B) narrative description of products or services to be supplied.
C) document describing the organizational breakdown structure of the company.
D) formal, approved document used to guide both project execution and project control.

Solutions: