Nokia CPM Sample Questions:

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

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

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

3. What should be done to ensure that the entire scope of work of the project is included in our planning?

A) Create a work breakdown structure (WBS).
B) Create a risk management plan.
C) Create a scope statement.
D) Create a contingency plan.

4. When a Customer Contract is not yet signed and a purchase order has not yet been received, in which circumstances can a service be subcontracted?

A) If the value of the purchase order does not exceed the approved cost baseline.
B) If the subcontractor agrees to receive their PO later, after the customer PO is issued.
C) If there is a formal approval from the Project Manager.
D) If an early ramp-up project (ERP) is approved.

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) Increase the values in the EAC to reflect the increased resource cost.
D) Discuss this with the project manager and realign the resourcing plan for the remainder of the project, updating the EAC if required.

Solutions: