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Nokia CPM Sample Questions:

1. A structured approach which promotes positive project cash flow, limits the financial risk
and addresses identified issues regarding the delivery of the contracted work and related execution KPIs. This best describes which of the following?

A) Acceptance process.
B) Cost management process.
C) Site process.
D) Payment process.

2. The equivalent of a cost reimbursable contract is frequently termed:

A) fixed price contracts.
B) progress payment contract.
C) cost plus contract.
D) back-charge contract.

3. To which of the following tools is SAP P20 linked?

A) NRisk.
B) RTI.
C) NELLE.
D) IPM.

4. Which of the following activities will contribute to reducing the project asset levels and improving project cash flow performance of an NI project?

A) Combining different customer acceptances in order to bundle customer invoices.
B) Making sure all task completed milestones are updated in IPM without delay.
C) Ensuring that the local project warehouse never runs out of inventory.
D) Ensuring that the equipment is delivered to the site at least 2 days before the site will be ready for installation.

5. What is NOT included in a basic project cost report?

A) Total project estimate at completion.
B) Total actual costs.
C) Total project cost baseline.
D) Year to date costs of goods sold.

Solutions: