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Nokia CPM Sample Questions:

1. The _____________ is not a part of the project base costs but is included in the project budget:

A) management overheads.
B) activity cost contingency reserve.
C) project management planning.
D) risk contingency reserve.

2. Your customer's Care contract expired at the end of last year. No purchase orders have been received from the customer since the contract expired. How can Care service revenue be recognized in this case?

A) The customer business controller decides how the revenue is recognized.
B) Revenue is collected to WIP (Work In Progress) and recognized after the contract is signed.
C) Revenue cannot be recognized.
D) Revenue is recognized based on the expired contract on a monthly basis.

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

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) Costs associated to quality management should be considered only in very complex projects when the risk of quality issues cannot be fully mitigated.
C) Quality Management costs should not be part of the project cost baseline but be entirely transferred to subcontractors that under-perform.
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.

4. Before which approval gate do you have greatest possible influence on risks and the related costs?

A) Gate 4.
B) Gate 6.
C) Gate 5.
D) Project Closing.

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

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

Solutions: