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Nokia CPM Sample Questions:
1. Which of the following is not chargeable work?
A) Project management.
B) Construction works.
C) Site logistics.
D) Account management.
2. The best way to manage the costs of change requests is to:
A) impose change unilaterally.
B) accept them verbally.
C) document and authorize all changes.
D) allow them to happen in an ad-hoc fashion.
3. What of the following options is the most appropriate course of action when the project resource cost to date exceeds the plan in the CBL?
A) Close the related SvO in WTR and SAP so resources can no longer book their time, as the cost plan has been exceeded.
B) Increase the values in the EAC to reflect the increased resource cost.
C) Discuss this with the project manager and realign the resourcing plan for the remainder of the project, updating the EAC if required.
D) Compensate for the unplanned resources by releasing part of the risk contingency.
4. What is the primary purpose of the accounting indicator?
A) To indicate the cost type of extra costs.
B) To differentiate the cost component as per the cost management guideline.
C) To indicate the high level root cause of extra costs.
D) To indicate the cost element in cost management.
5. What is a liable party?
A) The party responsible for approving a change.
B) The party responsible for bearing the costs of a change.
C) The party responsible for implementing a change.
D) The party initiating a change request.
Solutions:
Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: B |