The Cost and Progress Manager is allocating overall cost estimates to individual activities to establish a baseline for measuring project performance. What is this process called?
A. Cost Management.
B. Cost Estimating.
C. Cost Baseline creation.
D. Cost Control.
Which of the following is an advantage of site based operations (back-to-back ordering and invoicing of site based activities):
A. subcontractors will not have to wait for customer acceptance in order to get paid for their work.
B. transactional processes can be automated thus reducing Logistics costs.
C. there will not be any additional project management overhead.
D. NCC and materialized risk will only occur at a site level.
Who should contribute to the development of the project plan?
A. Project manager.
B. The entire project team including the project manager.
C. Senior management.
D. Network planning.
What costs are included in NCC reporting based on current guidelines?
A. All Nokia business line costs.
B. GS and MBB costs.
C. GS costs.
D. Resources related costs.
An accuracy KPI has dropped significantly compared to previous periods. After some initial checks it turns out that the data is correct. What is the right way to proceed?
A. Organize a meeting with NPO in order to make an action plan to improve.
B. Communicate the deviation to the project stakeholders.
C. Organize a meeting with key team members in order to identify root causes and make an action plan to improve.
D. Inform the CT head at the next CT meeting.
The estimated value of the work actually accomplished is:
A. earned value (EV).
B. planned value (PV).
C. actual cost (AC).
D. cost variance (CV).
When should NELLE be updated with customer/project data?
A. At quarter end.
B. After the customer forecast is received.
C. Every STP.
D. At least once a month, before period end.
What is typically NOT processed in the project cost management tool as a project change?
A. Additional functions/applications/major volumes (e.g. sites) compared to the original contract scope.
B. Materialized risk.
C. So-called "unknown unknowns".
D. Planned additional work.
Which of the following is NOT classified as NCC?
A. Unplanned costs for replacement of products not under warranty.
B. Unplanned costs from mistakes made by incompetent resources.
C. Use of resources with higher SPC rates than planned.
D. Unplanned work due to a hardware failure which has impacted network statistics and KPIs.
In estimating the project costs, the best source of cost information can be obtained from:
A. the customer.
B. historical records.
C. senior engineers.
D. senior management.
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