Nokia PDM_2002001060

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Nokia CPM Sample Questions:

1. Can the project manager start a project when the cost baseline shows an expected -30%
(negative) gross margin?

A) Yes, if the baseline is in line with the as sold cost estimate.
B) No, as the maximum acceptable negative gross margin is -10%.
C) Yes, as Nokia needs to fulfill its obligations and execute the project anyway.
D) Only after the baseline is approved according to the required CO LOA approval levels.

2. What are the 2 primary inputs for the cost baseline calculation?

A) Costs of internal resources and costs of direct external workforce.
B) Subcontracted services and local material purchases.
C) Resources and subcontracted services.
D) Subcontracted services and overhead.

3. Which of the following is NOT a project risk management process?

A) risk monitoring and control.
B) risk identification.
C) risk avoidance.
D) risk response planning.

4. Which of the following statements is correct?

A) An accuracy KPI that decreases and a deviation KPI that increases shows that your project is under control.
B) An accuracy KPI that increases and a deviation KPI that increases shows that your project is under control.
C) An accuracy KPI that decreases and a deviation KPI that decreases shows that your project is under control.
D) An accuracy KPI that increases and a deviation KPI that decreases shows that your project is under control.

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

Solutions: