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Nokia CPM Sample Questions:

1. What does it mean if schedule performance index (SPI) is greater than 1?

A) Good progress as the project is ahead of schedule.
B) Cost saving as the project will finish earlier.
C) Cost overrun as the rollout is ahead of schedule.
D) Deviations in the rollout are negatively impacting the accuracy of the cost forecast.

2. It has been established that an unplanned urgent activity needs to be performed before the agreed work can be completed within the given schedule. The prudency principle is required to be applied, so what is the correct approach?

A) The existing subcontractor purchase order is modified once work has been completed to ensure accurate payment towards subcontractor.
B) A scratch SvO is raised and the cost is booked as NCC until Customer PO has been received.
C) A contract change is requested from the customer as the task was not included in the originally contracted scope.
D) Any such activity will be covered from the risk contingency agreed as part of the project cost baseline.

3. Which are the five cost components used in Nokia project cost management:

A) sub-contracting costs, resource costs, non-conformance costs, risk contingency, other direct costs.
B) resource costs, sub-contracting costs, non-conformance costs, Cost transfers (GSD), other direct costs.
C) material costs, sub-contracting costs, cost transfers (GSD), resource costs, other direct costs.
D) base costs, non-conformance Costs, risk contingency, sellable additional works, material costs.

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

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

5. The product line is unable to meet a software release committed timeline. Due to this delay, resources dedicated to the installation need to remain available for an additional month. Additionally, the project will be liable to pay penalties based on contract conditions. How should these extra costs be reported?

A) Extra resources cost which will be booked via SvO with an accounting indicator relevant for product caused NCC (Pre- or Post-P8), and penalties will be part of the claim log.
B) Both costs will be booked via SvO with an accounting indicator relevant for resources caused NCC.
C) Both costs will be booked via SvO with an accounting indicator relevant for product caused NCC (Pre- or Post-P8).
D) Extra resources cost which will be booked via SvO with an accounting indicator relevant for resources caused NCC (Pre- or Post-P8), and penalties will be booked via SVO with an accounting indicator relevant for execution.

Solutions: