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Nokia CPM Sample Questions:

1. Which of the following inputs are part of the sales to delivery handover?

A) Cost assumptions, updated country cost database and risk log.
B) Customer PO, draft of the contract and project schedule.
C) PTA, RFQ and approved cost baseline.
D) As sold cost estimate, project plan and PT

2. Project "A" has experienced difficulties in the deliveries of one of its key suppliers. It has been estimated by the project team that, if the supplier is one week late for the next scheduled delivery, it will cost EUR10,000. The probability of the supplier being late is 50 %, based on the fact that this has happened before on the project. It is decided not to take any risk mitigation actions. What is the TERC for this risk?

A) EUR5,000.
B) EUR3,500.
C) EUR7,500.
D) EUR10,000.

3. What is the impact if procurement renegotiates longer payment terms with our supplier?

A) The project asset rotation days (PARD) will increase.
B) The cash flow of the project is negatively influenced.
C) The cash flow of the project is positively influenced.
D) The project asset rotation days (PARD) will decrease.

4. When should risk analysis be performed?

A) On a regular basis prior to and throughout the project.
B) When preparing the project plan.
C) Just before any major meeting with the client.
D) Only when justified by the awareness of new risks becoming a possibility.

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

A) Start opening NCC SvOs for the cost overruns as you can now expect further additional cost.
B) Compensate for the unplanned extra costs by releasing part of the risk contingency.
C) Analyze the root cause of the cost increase and execute an action plan to get cost back on track, updating EAC if needed.
D) Stop raising subcontracting purchase orders so as to avoid incurring further excess cost.

Solutions: