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Nokia CPM Sample Questions:

1. If the earned value is equal to actual cost, it means:

A) schedule variance index is 1.
B) there is no cost variance.
C) there is no schedule variance.
D) project is on budget and on schedule.

2. What of the following cost components is NOT included in the CBL?

A) Sub-contracting costs.
B) Non conformance costs.
C) Risk contingency.
D) Base costs.

3. Which of the following is NOT an example of cost of poor quality?

A) Warranty costs.
B) Quality training.
C) Scrap.
D) Rework.

4. Why is the project resource plan required during the 'Create Customer Solution' phase?

A) To initiate recruitment of the project team.
B) To reserve resources from the resource manager, so no other project can use them.
C) To reserve subcontractor resources.
D) In order to make a services cost calculation.

5. What is the correct approach when handling extra costs of which the customer is deemed
responsible and the relevant purchase order has been received?

A) Cost baseline updated.
B) Update estimate to completion (ETC) and update materialized costs in cost baseline.
C) Update estimate to completion (ETC) and update ordered works in cost baseline.
D) Estimate to completion updated.

Solutions: