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Nokia CPM Sample Questions:

1. Your project is ongoing, all partner contracts have been renegotiated and new, higher prices came into effect immediately. If all the other circumstances in your project remain unchanged, your CPI value will:

A) increase.
B) decrease.
C) not be affected by the change.
D) be affected by the change but the trend can't be determined with the data provided.

2. What is the relationship between actual cost, EAC and ETC?

A) Actual cost - EAC = ETC.
B) ETC - actual cost = EAC.
C) Actual cost + EAC = ETC.
D) EAC - actual cost = ET

3. What is the best timing to review the estimate at completion (EAC)?

A) Only during the planning phase, in order to anticipate all possible risks.
B) Only when the project manager requests a review of the cost deviations.
C) Only during project closure, in order to consistently explain the project results.
D) During the entire project lifecycle, at least once per month, and at every major change in scope.

4. Who has the responsibility of maintaining subcontractor contracts in SAP?

A) Customer business controller.
B) Logistics coordinator.
C) Project controller.
D) Cost and progress manager.

5. When should a risk be avoided?

A) When the risk event has a low probability of occurrence and low impact.
B) When the risk event is unacceptable, generally one with a very high probability of occurrence and high impact.
C) When it can be transferred by purchasing insurance.
D) A risk event can never be avoided.

Solutions: