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Nokia CPM Sample Questions:

1. Which of the following activities will contribute to reducing the project asset levels and improving project cash flow performance of an NI project?

A) Combining different customer acceptances in order to bundle customer invoices.
B) Making sure all task completed milestones are updated in IPM without delay.
C) Ensuring that the local project warehouse never runs out of inventory.
D) Ensuring that the equipment is delivered to the site at least 2 days before the site will be ready for installation.

2. During project execution, a large number of changes are made to the project. The project manager should:

A) wait until all changes are known and print out a new schedule.
B) talk to management before any changes are made.
C) make only the changes approved by management.
D) make approved changes as needed, but retain the schedule baseline.

3. The compilation and storage of lessons learned for a completed project can be used to:

A) highlight problems and determine potential risks in future similar project.
B) adjust the final project financials to reflect the cost benefits of this knowledge.
C) complete employee performance evaluations for those who worked on the project.
D) determine the cost baseline and rollout plan for all future projects in the CT.

4. For what primary purpose do cost and progress managers require the project change log?

A) The change log provides key inputs for estimation at completion (EAC) maintenance.
B) Cost and progress managers rarely require the change log, as it is a tool primarily for project managers.
C) Cost and progress managers are responsible to systematically document all change requests.
D) The change log is mandatory for global reporting.

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

A) Close the related SvO in WTR and SAP so resources can no longer book their time, as the cost plan has been exceeded.
B) Compensate for the unplanned resources by releasing part of the risk contingency.
C) Discuss this with the project manager and realign the resourcing plan for the remainder of the project, updating the EAC if required.
D) Increase the values in the EAC to reflect the increased resource cost.

Solutions: