Nokia CPM Sample Questions:

1. What is the primary purpose of the accounting indicator?

A) To indicate the cost type of extra costs.
B) To indicate the cost element in cost management.
C) To differentiate the cost component as per the cost management guideline.
D) To indicate the high level root cause of extra costs.

2. What is the best demonstration that you are in control of your financial processes?

A) You delegate completely to the project controller.
B) There are no large deviations between forecast and actual costs.
C) You can always explain the cost deviations.
D) You do not exceed the total CBL, even though some services business lines have exceeded their respective baselines.

3. Bulk orders from the customer to Nokia are problematic for Nokia because:

A) fewer customer POs needing to be processed means that there will be an under-utilization of logistics coordinators.
B) the customer acceptance process cannot be easily broken down to site level which leads to delays in invoicing and revenue recognition.
C) It results in the customer accepting too much scope at one time which can cause resource bottlenecks on the customer and Nokia side.
D) more customer POs needing to be processed means that there will be increased administrative effort.

4. Prior to contract signing, the project manager is required to set up the PBM plan and quality gate process. If there is no ERP, how should the project manager charge their time?

A) The PM should not be working on these activities prior to the contract being signed.
B) To an approved pre-sales WTR code based on the SWF/CRM ID, as no PO is yet received.
C) To an approved project planning and initiation cost SvO.
D) To an SvO for an existing related project as it is not worthwhile to create an SvO for this small activity.

5. Nokia orders the I&C from a subcontractor. The subcon, not completely familiar with this new equipment, requires a Nokia technician to complete the service. What is the correct way to proceed?

A) A new change request is created and approved by the project manager then the technician is provided to support the subcontractor; an outgoing claim to the subcontractor is applied just after the service is completed and then the internal acceptance is provided.
B) A new change request is created and approved by project manager, then the technician is provided to support the subcon; however an internal acceptance is not provided because of the incomplete service from the subcontractor.
C) The technician is immediately provided to properly support our subcontractor and quickly complete the service and enable customer acceptance and invoicing.
D) The technician will support the subcontractor only after the newly created change request is approved.

Solutions: