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| Section | Objectives |
|---|---|
| Project Execution & Monitoring | - Change control and issue resolution - Team management and communication - Cost adherence, earned value and KPI tracking |
| Project Closure & Handover | - Financial closure and lessons learned - Contract acceptance and site quality review |
| Project Planning & Scope Management | - Scope definition and work breakdown structure - Risk, quality and procurement planning - Schedule, resource and cost planning |
| Project Initiation & Business Case | - Business case definition and approval - Project charter and stakeholder identification |
| Nokia-Specific Processes & Tools | - Vendor management and back-to-back principles - IPM, PCA, PARD and P-SQI metrics |
1. The Risk Contingency will:
A) increase the probability of cost overruns.
B) reduce the probability of cost overruns.
C) reduce the probability of scope changes.
D) increase the probability of scope changes.
2. During the post cost calculation, the review of the subcontracting costs:
A) establishes the required work standards for the subcontractor in future.
B) determines the payment of current invoices and incentive bonuses.
C) establishes the contracted costs for future projects.
D) is used as an input to cost estimation for similar scope on future projects.
3. Which of the following statements is correct?
A) An accuracy KPI that decreases and a deviation KPI that decreases shows that your project is under control.
B) An accuracy KPI that increases and a deviation KPI that increases shows that your project is under control.
C) An accuracy KPI that decreases and a deviation KPI that increases shows that your project is under control.
D) An accuracy KPI that increases and a deviation KPI that decreases shows that your project is under control.
4. For what primary purpose do cost and progress managers require the project change log?
A) The change log is mandatory for global reporting.
B) Cost and progress managers are responsible to systematically document all change requests.
C) Cost and progress managers rarely require the change log, as it is a tool primarily for project managers.
D) The change log provides key inputs for estimation at completion (EAC) maintenance.
5. 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) Decrease by 8%.
B) Increase by a certain % dependent on other project costs in ETC.
C) Decrease by a certain % dependent on other project costs in ETC.
D) Increase by 8%.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |
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