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Nokia CPM Sample Questions:
1. In which of the following cases should a project-related cost accrual be booked at period end?
A) A future obligation to incur non-conformance costs is known due to Nokia misunderstanding the project scope.
B) WTR bookings were not completed on time and therefore the full internal resource costs have not been booked to the project.
C) There is a penalty obligation to provide the customer with free-of-charge equipment at Nokia cost.
D) A site installation was completed but the project manager was unable to internally accept this due to IPM access issues.
2. When is LoA approval required to take place for a claim?
A) Before the financial impact of the claim is booked.
B) Before any commercial agreement with the contract party.
C) As soon as an incoming claim is received.
D) Not later than 30 days after the claim is settled.
3. What is the best demonstration that you are in control of your financial processes?
A) You do not exceed the total CBL, even though some services business lines have exceeded their respective baselines.
B) You delegate completely to the project controller.
C) There are no large deviations between forecast and actual costs.
D) You can always explain the cost deviations.
4. The project is delayed and according to the customer contract, Nokia is due to pay a penalty. What is the recommended approach?
A) Claim strategy and understanding of contractual obligations.
B) Accept the customer penalty and apply for compensation from an insurance company.
C) Renegotiate the contract.
D) Contract change process.
5. The project manager is only authorized to place orders to vendors:
A) within the LOA approved scope of the project.within the guidelines and definitions documented in the project procurement plan.using suppliers which have been approved for this specific project and have a valid frame contract.using SAP or other Nokia approved tools.
B) if the CT Head gives instruction for the order.within the guidelines and definitions documented in the project procurement plan.if he has received a written offer from the supplier.using SAP or other Nokia approved tools.
C) within the LOA approved scope of the project.within the guidelines and definitions documented in the project procurement plan.using suppliers with a good reputation and a good personal relationship with the project manager.sending PO through e-mail or fax to the supplier.
D) after Gate 6 of the Nokia sales process.if the PM has informed the procurement organization.using suppliers which have been approved for this specific project and have a valid frame contract.sending PO through e-mail or fax to the supplier.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: A |
By Clare
