PDF Version DemoNokia CPM Sample Questions:
1. In which phase of the project is the greatest amount of its funding likely to be spent?
A) Executing.
B) Planning.
C) Closeout.
D) Initiating.
2. Which of these key performance indicators (KPIs) supports the identification of possible cost overruns?
A) Site invoice lead time (SILT).
B) Project cost adherence (PCA).
C) Project asset rotation days (PARD).
D) Rollout accuracy (RA).
3. What is the best demonstration that you are in control of your financial processes?
A) You delegate completely to the project controller.
B) There are no large deviations between forecast and actual costs.
C) You do not exceed the total CBL, even though some services business lines have exceeded their respective baselines.
D) You can always explain the cost deviations.
4. 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) Stop raising subcontracting purchase orders so as to avoid incurring further excess cost.
B) Compensate for the unplanned extra costs by releasing part of the risk contingency.
C) Start opening NCC SvOs for the cost overruns as you can now expect further additional cost.
D) Analyze the root cause of the cost increase and execute an action plan to get cost back on track, updating EAC if needed.
5. What is the primary purpose of the accounting indicator?
A) To differentiate the cost component as per the cost management guideline.
B) To indicate the cost type of extra costs.
C) To indicate the high level root cause of extra costs.
D) To indicate the cost element in cost management.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: C |
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