Company A is working on a project. The project`s budget is 10,000. The planned value as of date X is
4,000. The project has an earned value of 3,500 and actual costs of 4,500.
What is the cost variance of the project?
A. -1,000.
B. 500.
C. -500.
D. 1,000.
In Nokia, what does PARD stands for?
A. Program action required days.
B. Project asset rotation days.
C. Project action rotation days.
D. Project asset required days.
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 PCA [%] value will:
A. increase by 8%.
B. increase by a % dependent on project completion and other project costs.
C. decrease by 8%.
D. Decrease by a % dependent on project completion % and other project costs.
What is the back-to-back principle that Nokia implements for project vendor contracts?
A. Same invoicing terms towards the customer as from the vendor.
B. Same items sold to the customer and purchased from the vendor.
C. Same standard contract templates towards the customer and the vendor.
D. Same approval criteria towards the vendor as from the customer.
Which of these is a valid response to negative risks?
A. Exploit.
B. Mitigate.
C. Enhance.
D. Share.
Which of the following statements is correct?
A. An accuracy KPI that increases and a deviation KPI that increases shows that your project is under control.
B. An accuracy KPI that decreases and a deviation KPI that increases shows that your project is under control.
C. An accuracy KPI that decreases and a deviation KPI that decreases 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.
What is the purpose of the post project review?
A. To review of how a contract is performing against the customer and LoA commitments.
B. To communicate the project closure and to collect and communicate lessons learned and best practices.
C. To formally conclude all project activities including ramping down of resources, closing the project in the financial tools, and archiving project documentation.
D. To provide an overview of the project performance and to identify gaps related to planning and preparation work.
In which situation is it required to update/change the cost baseline?
A. Roll-out delays affecting the original cost plan.
B. Change in subcontractor prices.
C. Scope changes supported by a legal binding document.
D. When a risk has materialized.
What of the following options is the most appropriate course of action when the project resource cost to date exceeds the plan in the CBL?
A. Compensate for the unplanned resources by releasing part of the risk contingency.
B. Close the related SvO in WTR and SAP so resources can no longer book their time, as the cost plan has been exceeded.
C. Discuss this with the project manager and realign the resourcing plan for the remainder of the project, updating the EAC if required.
D. Increase the values in the EAC to reflect the increased resource cost.
For what primary purpose do cost and progress managers require the project change log?
A. Cost and progress managers are responsible to systematically document all change requests.
B. Cost and progress managers rarely require the change log, as it is a tool primarily for project managers.
C. The change log is mandatory for global reporting.
D. The change log provides key inputs for estimation at completion (EAC) maintenance.
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