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Nokia CPM Sample Questions:

1. What obligations towards the F&C community does the cost and progress manager have in regards to costs?

A) F&C rely on the accuracy of costs for both SOX control points and RRB reporting.
B) Cost and progress managers are solely responsible for costs and F&C are solely responsible for revenue.
C) F&C rely on the accuracy of costs for calculation of incentive payouts.
D) F&C rely on the accuracy of project rollout information in order to plan equipment demand in Nelle.

2. To which of the following tools is SAP P20 linked?

A) RTI.
B) NELLE.
C) NRisk.
D) IPM.

3. At a given point in time, a project has a CPI = 0.7 and SV = EUR1,000. The project is:

A) below budget and ahead of schedule.
B) over budget and behind schedule.
C) over budget and ahead of schedule.
D) below budget and behind schedule.

4. What is Gross Profit?

A) Gross sales minus gross costs.
B) Net sales minus cost of goods sold.
C) Gross sales minus all operating costs.
D) Gross sales minus discounts and penalties.

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

Solutions: