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Nokia CPM Sample Questions:

1. The equivalent of a cost reimbursable contract is frequently termed:

A) progress payment contract.
B) cost plus contract.
C) fixed price contracts.
D) back-charge contract.

2. What are key components of EVM methodology?

A) Planned cost, revenue and gross margin.
B) As sold cost estimates, baseline and EAC.
C) Planned value, earned value and actual cost.
D) Baseline costs, estimate at completion and estimate to complete.

3. What of the following options is the most appropriate course of action when the project subcontracting cost to date exceeds the plan in the CBL?

A) Analyze the root cause of the cost increase and execute an action plan to get cost back on track, updating EAC if needed.
B) Stop raising subcontracting purchase orders so as to avoid incurring further excess cost.
C) Compensate for the unplanned extra costs by releasing part of the risk contingency.
D) Start opening NCC SvOs for the cost overruns as you can now expect further additional cost.

4. Which of the following is a direct project cost?

A) Corporate office utilities.
B) Both corporate office utilities and workers compensation insurance.
C) Workers compensation insurance.
D) Installation materials.

5. What is NOT a key element for the lower level WBS structure set up in SAP from a cost and progress manager perspective?

A) Ability to execute customer orders.
B) Cost reporting capability for identified project scope.
C) To support IPM setup.
D) F&C requirement.

Solutions: