What are the basic elements for estimate at completion reporting?
A. Detailed plan - actual costs.
B. CBL - ETC .
C. ASCE + ETC.
D. Actual Costs + ETC.
An appropriate sequence for risk management activities is:
A. risk identification, Risk quantification and risk response development and control.
B. risk identification, risk assessment and risk planning.
C. risk identification, risk mitigation and risk management.
D. risk identification, risk elimination and risk mitigation.
Your project is ongoing all partner contracts have been renegotiated and new, higher prices came into effect immediately. If all the other circumstances in your project remain unchanged, your SPI value will:
A. increase.
B. decrease.
C. be affected by the change but the trend can't be determined with the data provided.
D. not be affected by the change.
The equivalent of a cost reimbursable contract is frequently termed:
A. back-charge contract.
B. fixed price contracts.
C. progress payment contract.
D. cost plus contract.
Change requests should not occur due to:
A. an external event such as a change in government regulation.
B. an error or omission in defining the scope of the product.
C. a software failure that prevents timely site integration.
D. change in GIC structure.
When should non conformance costs be analyzed?
A. At the end of the project as part of the preparation for lessons learned and post cost calculation.
B. At the beginning of the project as part of risk planning.
C. Regularly, in order to identify root causes and take corrective actions.
D. This is not required as non conformance costs are product related and analyzed on a global level.
What is the correct GIC to plan costs related to payment of a subcontractor responsible for BTS commissioning?
A. 7331 Implementation.
B. 7332 site acquisition.
C. 7348 project management.
D. 7333 construction works.
Under what circumstances should the costs associated with the execution of the quality management plan be included in the project cost baseline?
A. Quality Management costs should not be part of the project cost baseline as it is the obligation of the subcontractor to perform according to the contract.
B. Quality Management costs should not be part of the project cost baseline but be entirely transferred to subcontractors that under-perform.
C. Costs associated to quality management should be considered only in very complex projects when the risk of quality issues cannot be fully mitigated.
D. Quality management costs must always be considered in the project plan as the benefits outweigh the costs in terms of less rework, higher productivity and higher stakeholder satisfaction.
What are the two key elements to calculate the project cost adherence (PCA)?
A. Cost overrun of the period and total costs of sales of the period.
B. Estimate at completion and cost baseline.
C. Actual costs and the latest estimate in PRS.
D. Estimated baseline and cost baseline.
What are the key elements that must be monitored constantly over the entire project life cycle?
A. Quality and subcontractor performance.
B. Contract conditions and project deliverables.
C. Cost, time and scope.
D. Financial reports and schedule.
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