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Nokia CPM Sample Questions:

1. When is LoA approval required to take place for a claim?

A) Not later than 30 days after the claim is settled.
B) Before the financial impact of the claim is booked.
C) As soon as an incoming claim is received.
D) Before any commercial agreement with the contract party.

2. Which data can be imported directly from 4C into PPR?

A) GS cost EAC, budgeted risk, sub-contractor claims.
B) GS as sold cost estimate, risk contingency consumed, sellable additional works.
C) GS and MBB actual costs, materialized risk, non conformance costs, sellable additional works.
D) GS cost baseline, materialized risk, GS cost EAC.

3. Which of the following is important to include in the acceptance procedure?

A) Definition of detailed scope of works, subcontractor pricing elements and unambiguous definition of acceptance criteria and related documentation and other evidence.
B) Definition of detailed scope of works, customer invoicing and pricing elements, unambiguous definition of acceptance criteria and related documentation and other evidence.
C) Clear procedure of how and in what timeline acceptance is required to be given, related triggers, unambiguous definition of acceptance criteria and related documentation and other evidence.
D) Clear procedure of how and in what timeline acceptance is required to be given, related triggers, risk management plan, and back-to-back customer and vendor contracts.

4. When should lessons learned be performed?

A) After the end of the project, at the project post-mortem meeting.
B) Only at the end of the project, during project closing.
C) During the project execution and at the conclusion of the project.
D) Only when there is time available as project managers have other priorities.

5. Which of the following contract types places the greatest risk on the seller?

A) Fixed price incentive contract.
B) Cost plus fixed fee contract.
C) Firm fixed price contract.
D) Cost plus incentive fee contract.

Solutions: