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Nokia CPM Sample Questions:

1. What is the impact if procurement renegotiates longer payment terms with our supplier?

A) The project asset rotation days (PARD) will increase.
B) The cash flow of the project is positively influenced.
C) The project asset rotation days (PARD) will decrease.
D) The cash flow of the project is negatively influenced.

2. What is the relationship between sales items (SI's) and service orders in the care contract?

A) There is no relationship or connection between SIs and SvOs in the care contract.
B) An SvO can have multiple SI's, but an SI line in the care contract can have only one SvO.
C) An SvO can have only one SI, but an SI line in the care contract can have multiple SvOs.
D) An SvO can have only one SI, and an SI line in the care contract can have only one SvO.

3. What is Gross Profit?

A) Gross sales minus discounts and penalties.
B) Gross sales minus gross costs.
C) Net sales minus cost of goods sold.
D) Gross sales minus all operating costs.

4. The project team has received the LoA approved risk log, which is the basis for the cost baseline risk contingency. During project execution a new relevant risk is identified. What is the best way to manage it?

A) Evaluate the impact and probability and, if needed, make a revision of the contingency reserve in the cost baseline and in the EAC, and communicate to the relevant stakeholders.
B) Evaluate the risk impact and probability, update Risk Log, revise ETC, NCC cost accordingly, and if required trigger LoA process.
C) Define the Response plan for the new eisk and apply it.
D) If the new risk is not part of the current risk log, than it must be part of a change management process and not be included in the contingency reserve.

5. What is NOT included in a basic project cost report?

A) Total actual costs.
B) Year to date costs of goods sold.
C) Total project estimate at completion.
D) Total project cost baseline.

Solutions: