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Nokia CPM Sample Questions:
1. Where should NCC be planned?
A) Nowhere - NCC is always unplanned cost.
B) Estimate to completion (ETC).
C) Risk contingency.
D) Cost baseline (CBL).
2. Bulk orders from the customer to Nokia are problematic for Nokia because:
A) fewer customer POs needing to be processed means that there will be an under-utilization of logistics coordinators.
B) more customer POs needing to be processed means that there will be increased administrative effort.
C) the customer acceptance process cannot be easily broken down to site level which leads to delays in invoicing and revenue recognition.
D) It results in the customer accepting too much scope at one time which can cause resource bottlenecks on the customer and Nokia side.
3. What approval process is required when the EAC deviates >2% from the CBL?
A) The COM requests approval from CBC and if the CBC approves the cost increase, the initial CBL is updated.
B) The COM requests approval from CBC and if the CBC approves the cost increase, the initial CBL is not updated, but the EAC will be updated to reflect the change.
C) The CT starts the LoA approval process and if the LoA approves the cost increase, the initial CBL is updated.
D) The CT starts the LoA approval process and if the LoA approves the cost increase, the initial CBL is not updated, but the EAC will be updated to reflect the change.
4. If the earned value is equal to actual cost, it means:
A) there is no cost variance.
B) there is no schedule variance.
C) schedule variance index is 1.
D) project is on budget and on schedule.
5. Which is not a factor in choosing a subcontractor?
A) Complexity of requirements.
B) Price competition.
C) Personal relationship with management.
D) Competency.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: C |


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