Nokia CPM - PDM_2002001060 Exam Practice Test

A. To indicate the cost element in cost management.

B. To differentiate the cost component as per the cost management guideline.

C. To indicate the high level root cause of extra costs.

D. To indicate the cost type of extra costs.

A. Only after the baseline is approved according to the required CO LOA approval levels.

B. Yes, if the baseline is in line with the as sold cost estimate.

C. No, as the maximum acceptable negative gross margin is -10%.

D. Yes, as Nokia needs to fulfill its obligations and execute the project anyway.

A. Communicate the need for integration engineers for your project during the EAC meeting.

B. Include the input from GNIC into your service cost estimation.

C. Prepare an RFQ for external suppliers with the support of Procurement.

D. Include an estimation of local site solutions resources in the project headcount.

A. my ERM, with impact to resource allocations to project team and nelle, with impacts to Supply Chain and PRS (Profitability Reporting System) figures.

B. 4C, with impacts to volumes estimations.

C. nelle, with impacts to Supply Chain and PRS (Profitability Reporting System) figures.

D. my ERM, with impact to resource allocations to project team.

A. Actual costs and the latest estimate in PRS.

B. Estimated baseline and cost baseline.

C. Estimate at completion and cost baseline.

D. Cost overrun of the period and total costs of sales of the period.

A. 9 - Risk contingency.

B. 95 - NCC execution.

C. 93 - NCC resources.

D. 94 - NCC delivery.

A. Compensate for the unplanned resources by releasing part of the risk contingency.

B. Increase the values in the EAC to reflect the increased resource cost.

C. Discuss this with the project manager and realign the resourcing plan for the remainder of the project, updating the EAC if required.

D. Close the related SvO in WTR and SAP so resources can no longer book their time, as the cost plan has been exceeded.

A. create an internal invoice to transfer costs to product lines.

B. forecast non conformance costs in NELLE.

C. record the extra cost in an SvO with Accounting indicators 1,5,92-95.

D. have a non conformance cost budget approved in advance.

A. Claim strategy and understanding of contractual obligations.

B. Renegotiate the contract.

C. Accept the customer penalty and apply for compensation from an insurance company.

D. Contract change process.

A. below budget and ahead of schedule.

B. over budget and ahead of schedule.

C. over budget and behind schedule.

D. these measures are contradictory.

A. Executing.

B. Planning.

C. Initiating.

D. Closure.

A. project management planning.

B. risk contingency reserve.

C. management overheads.

D. activity cost contingency reserve.