Nokia Nokia Networks Certification PDM_2002001060

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Nokia CPM Sample Questions:

1. An appropriate sequence for risk management activities is:

A) risk identification, risk elimination and risk mitigation.
B) risk identification, risk mitigation and risk management.
C) risk identification, risk assessment and risk planning.
D) risk identification, Risk quantification and risk response development and control.

2. Company A is working on a project. The project's budget is EUR10,000. The planned value as of date X is EUR4,000. The project has an earned value of EUR3,500 and actual costs of EUR4,500. What is the cost variance of the project?

A) EUR500.
B) EUR1,000.
C) EUR-1,000.
D) EUR-500.

3. What are the key elements that must be monitored constantly over the entire project life cycle?

A) Contract conditions and project deliverables.
B) Cost, time and scope.
C) Financial reports and schedule.
D) Quality and subcontractor performance.

4. The Cost & Progress Manager is allocating overall cost estimates to individual activities to establish a baseline for measuring project performance. What is this process called?

A) Cost Control.
B) Cost Management.
C) Cost Estimating.
D) Cost Baseline creation.

5. 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.

Solutions:

Question # 1 Answer: D

Question # 2 Answer: C

Question # 3 Answer: B

Question # 4 Answer: D

Question # 5 Answer: A