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Nokia SDM_2002001050 Exam Syllabus Topics:

Nokia SDM Certification - NI Sample Questions:

1. What will be the resulting performance index if the actual cost is higher than the earned value?

A) CPI(Cost Performance Index) is greater than 1.
B) CPI(Cost Performance Index) is lower than 1.
C) SPI(Schedule Performance Index) is greater than 1.
D) SPI(Schedule Performance Index) is lower than 1.

2. What are key components of EVM methodology?

A) Planned Cost, Revenue and Gross Margin.
B) Baseline Costs, Estimated at Completion and Estimate to Complete.
C) Planned Value, Earned Value and Actual Cost.
D) As Sold Cost Estimates, Baseline and EAC.

3. How frequently is an update of the "Cost Estimation at Completion" required?

A) Each time there is a change in the scope of work.
B) Every quarter before PRS(Profitability Reporting System) results are published.
C) At least once per month, preferably before period end.
D) Each time there is a change in the schedule or scope of work.

4. Project team received from the Sales Team the Risk Log at Handover, which is the base for the planned contingency reserves. During project execution a new relevant risk is identified. What is the best way to manage it?

A) If the new risk is not part of the current Risk Log, than it must be part of a Change Management process and not be included in the contingency reserves.
B) Define the response plan for the new Risk and apply it.
C) Evaluate the impact and probability and, if needed, make a revision of the contingency reserves in the Cost Baseline, of the EAC and communicate to the relevant stakeholders.
D) Communicate to the CT Head in the next Project Review Meeting about the new risk that has been identified.

5. What is the formula of the "value of risk" in the quantitative risk analysis?

A) = (The cost of transferring the risk in EUR) / (the probability of occurrence in %)
B) = (The risk contingency budget in EUR) / (the probability of occurrence in %)
C) = (The impact of risk in EUR) * (the probability of occurrence in %)
D) = (The cost of risk mitigation in EUR) * (the probability of occurrence in %)

Solutions: