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Nokia PDM_2002001060 CPM Exam Practice Test

Demo: 31 questions
Total 213 questions

CPM Questions and Answers

Question 1

What is the purpose of a Project Target Agreement (PTA)?

Options:

A.

1. Full or partial agreement between CT Head and respective PM on the project baseline and the contract terms at the end of the handover process.

2. PM's formal confirmation that all relevant information from tender phase was handed over.

3. Release of tendering team.

B.

1. Agreement between PM and their line manager of the project targets relevant for short term incentive.

2. PM's confirmation that he is aware of and accepts the incentive relevant project objectives.

C.

1. Agreement between the PM and the customer of the project targets and the contract terms at the start of project execution.

2. Formal approval by the customer that the PM proposed by Nokia is considered acceptable.

D.

1. Full or partial agreement between tender PM and project execution PM of the project baseline and the contract terms at the end of the handover process.

2. PM's formal confirmation that all relevant information from tender phase was handed over.

3. Release of tendering team.

Question 2

In which situation is it required to update/change the cost baseline?

Options:

A.

Roll-out delays affecting the original cost plan.

B.

Change in subcontractor prices.

C.

Scope changes supported by a legal binding document.

D.

When a risk has materialized.

Question 3

Which of the following cost components are allocated to a non-site level WBS element?

Options:

A.

External site services (Subcontracting).

B.

Resource and project office costs.

C.

Global material costs.

D.

Local material costs.

Question 4

Which of the following is NOT an example of cost of poor quality?

Options:

A.

Rework.

B.

Quality training.

C.

Scrap.

D.

Warranty costs.

Question 5

The estimated value of the work actually accomplished is:

Options:

A.

earned value (EV).

B.

planned value (PV).

C.

actual cost (AC).

D.

cost variance (CV).

Question 6

When should lessons learned be performed?

Options:

A.

During the project execution and at the conclusion of the project.

B.

Only at the end of the project, during project closing.

C.

After the end of the project, at the project post-mortem meeting.

D.

Only when there is time available as project managers have other priorities.

Question 7

When should a risk be avoided?

Options:

A.

When the risk event has a low probability of occurrence and low impact.

B.

When the risk event is unacceptable, generally one with a very high probability of occurrence and high impact.

C.

When it can be transferred by purchasing insurance.

D.

A risk event can never be avoided.

Question 8

During the post cost calculation, the review of the subcontracting costs:

Options:

A.

determines the payment of current invoices and incentive bonuses.

B.

is used as an input to cost estimation for similar scope on future projects.

C.

establishes the contracted costs for future projects.

D.

establishes the required work standards for the subcontractor in future.

Question 9

Your project is ongoing, all partner contracts have been renegotiated and new prices (higher by 8%) came into effect immediately. If all the other circumstances in your project remain unchanged, your PCA [%] value will:

Options:

A.

increase by 8%.

B.

increase by a % dependent on project completion and other project costs.

C.

decrease by 8%.

D.

Decrease by a % dependent on project completion % and other project costs.

Question 10

What costs are included in NCC reporting based on current guidelines?

Options:

A.

All Nokia business line costs.

B.

GS and MBB costs.

C.

GS costs.

D.

Resources related costs.

Question 11

Company A is working on a project. The project‘s budget is €10,000. The planned value as of date X is €4,000. The project is 30% completed. 60% of the budget has been spent to date X. The actual cost (AC) to date for the project is:

Options:

A.

€6,000.

B.

€2,400.

C.

€3,000.

D.

€5,000.

Question 12

Which of the following is NOT part of the IPM suite?

Options:

A.

Sales management.

B.

Site data management.

C.

Change management.

D.

Document management.

Question 13

In relation to the program life cycle, when is the correct time to freeze the project scope?

Options:

A.

Before Gate 4.

B.

During the Gate 6 handover to project execution.

C.

During project execution.

D.

At Project closure.

Question 14

Which of the following is NOT a contract type:

Options:

A.

unit price.

B.

make or buy.

C.

cost reimbursable.

D.

lump sum.

Question 15

Why is the project resource plan required during the 'Create Customer Solution' phase?

Options:

A.

To initiate recruitment of the project team.

B.

In order to make a services cost calculation.

C.

To reserve resources from the resource manager, so no other project can use them.

D.

To reserve subcontractor resources.

Question 16

Under what circumstances should the costs associated with the execution of the quality management plan be included in the project cost baseline?

Options:

A.

Quality Management costs should not be part of the project cost baseline as it is the obligation of the subcontractor to perform according to the contract.

B.

Quality Management costs should not be part of the project cost baseline but be entirely transferred to subcontractors that under-perform.

C.

Costs associated to quality management should be considered only in very complex projects when the risk of quality issues cannot be fully mitigated.

D.

Quality management costs must always be considered in the project plan as the benefits outweigh the costs in terms of less rework, higher productivity and higher stakeholder satisfaction.

Question 17

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 €10,000. 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?

Options:

A.

€3,500.

B.

€7,500.

C.

€5,000.

D.

€10,000.

Question 18

During project setup, an identified risk event with a 100% probability of occurrence is:

Options:

A.

a risk event with a high impact.

B.

not a risk and ought to be part of the base costs.

C.

very irritating.

D.

an issue and triggers the mitigation plan.

Question 19

During which stage of risk planning are risks prioritized based on probability and impact?

Options:

A.

Identify risks.

B.

Plan risk responses.

C.

Qualitative risk analysis.

D.

Quantitative risk analysis.

Question 20

The foundation for successful claim management is:

Options:

A.

loyalty towards customer.

B.

risk contingency.

C.

contract change process.

D.

claim strategy and understanding of contractual obligations.

Question 21

What are key components of EVM methodology?

Options:

A.

Planned value, earned value and actual cost.

B.

Planned cost, revenue and gross margin.

C.

Baseline costs, estimate at completion and estimate to complete.

D.

As sold cost estimates, baseline and EAC.

Question 22

The project manager is only authorized to place orders to vendors:

Options:

A.

if the CT Head gives instruction for the order.

within the guidelines and definitions documented in the project procurement plan.

if he has received a written offer from the supplier.

using SAP or other Nokia approved tools.

B.

within the LOA approved scope of the project.

within the guidelines and definitions documented in the project procurement plan.

using suppliers which have been approved for this specific project and have a valid frame contract.

using SAP or other Nokia approved tools.

C.

after Gate 6 of the Nokia sales process.

if the PM has informed the procurement organization.

using suppliers which have been approved for this specific project and have a valid frame contract.

sending PO through e-mail or fax to the supplier.

D.

within the LOA approved scope of the project.

within the guidelines and definitions documented in the project procurement plan.

using suppliers with a good reputation and a good personal relationship with the project manager.

sending PO through e-mail or fax to the supplier.

Question 23

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

Options:

A.

As sold cost estimate, project plan and PTA.

B.

Customer PO, draft of the contract and project schedule.

C.

Cost assumptions, updated country cost database and risk log.

D.

PTA, RFQ and approved cost baseline.

Question 24

At a given point in time, a project has CV = €700, CPI = 0.7, SV = €-1,300 and SPI = 1.3. the project is:

Options:

A.

over budget and ahead of schedule.

B.

over budget and behind schedule.

C.

below budget and ahead of schedule.

D.

these measures are contradictory.

Question 25

What transactions still can be done after the project financial closure?

Options:

A.

Services can be accepted.

B.

Charges against the project.

C.

Invoice processing.

D.

No transactions.

Question 26

Company A is working on a project. The project‘s budget is €10,000. The Planned value as of date X is €4,000. The project is 30% completed. 60% of the budget has been spent. If the company continues to spend money at the same rate, what will the project cost (EAC)?

Options:

A.

€10,000.

B.

€20,000.

C.

€6,000.

D.

€4,000.

Question 27

Which accounting indicator can have any of the CR categories linked?

Options:

A.

94 - NCC delivery.

B.

95 - NCC execution.

C.

93 - NCC resources.

D.

9 - Risk contingency.

Question 28

What is the recommended frequency for approving working time in WTR?

Options:

A.

Monthly.

B.

Weekly.

C.

Each period.

D.

Daily.

Question 29

What will be the resulting performance index if the actual cost is higher than the earned value?

Options:

A.

Cost performance Index (CPI) is greater than 1.

B.

Schedule performance Index (SPI) is lower than 1.

C.

Cost performance Index (CPI) is lower than 1.

D.

Schedule performance Index (SPI) is greater than 1.

Question 30

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?

Options:

A.

If the value of the purchase order does not exceed the approved cost baseline.

B.

If an early ramp-up project (ERP) is approved.

C.

If the subcontractor agrees to receive their PO later, after the customer PO is issued.

D.

If there is a formal approval from the Project Manager.

Question 31

To which of the following tools is SAP P20 linked?

Options:

A.

IPM.

B.

RTI.

C.

NRisk.

D.

NELLE.

Demo: 31 questions
Total 213 questions