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Nokia CPM Sample Questions:

1. 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 EUR10,000. 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?

A) EUR5,000.
B) EUR10,000.
C) EUR7,500.
D) EUR3,500.

2. 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 ETC value will:

A) Increase by a certain % dependent on other project costs in ETC.
B) Decrease by 8%.
C) Decrease by a certain % dependent on other project costs in ETC.
D) Increase by 8%.

3. What are the most important pieces of information from the customer contract for a CPM?

A) Schedule, ordering process and structure, costs and resources, acceptance and payment procedures and reporting requirements.
B) Deliverables, schedule, related costs, WBS structure, acceptance and payment procedures and reporting requirements.
C) Schedule, ordering process and structure, deliverables and sales packages, acceptance and payment procedures and reporting requirements.
D) Deliverables, schedule, ordering process, WBS structure, acceptance and payment procedures and reporting requirements.

4. For which of the following reasons can the cost baseline be updated?

A) Due to subcontractor's price change.
B) Due to cost savings.
C) Due to customer driven scope change.
D) Due to delays in project execution.

5. Company A is working on a project. The project's budget is EUR10,000. The planned value as of date X is EUR4,000. The project has an earned value of EUR3,500 and actual costs of EUR4,500. What is the cost variance of the project?

A) EUR-500.
B) EUR500.
C) EUR-1,000.
D) EUR1,000.

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