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Nokia CPM Sample Questions:

1. Post Cost calculations are NOT used to:

A) learn lessons to apply to future projects.
B) develop historical data to establish baseline for future projects.
C) support for ongoing bids.
D) punish poor performers.

2. Internal acceptance is a milestone that will trigger:

A) customer invoicing.
B) SAP billing block released.
C) cost estimate to complete (ETC).
D) SAP goods receipt.

3. For what primary purpose do cost and progress managers require the project change log?

A) Cost and progress managers are responsible to systematically document all change requests.
B) The change log is mandatory for global reporting.
C) Cost and progress managers rarely require the change log, as it is a tool primarily for project managers.
D) The change log provides key inputs for estimation at completion (EAC) maintenance.

4. What is Gross Profit?

A) Gross sales minus discounts and penalties.
B) Gross sales minus gross costs.
C) Net sales minus cost of goods sold.
D) Gross sales minus all operating costs.

5. 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.

Solutions: