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1. When must the change management process be initiated?
A) When there is a significant change in the scope of the project.
B) Whenever the project execution requires services or materials different from those agreed in the contractual scope of work.
C) When the customer sends a formal request for additional scope of work.
D) When the CT head acknowledges that the customer will accept negotiation of the changes in the scope of the contract.
2. What are the most important pieces of information from the customer contract for a CPM?
A) Schedule, ordering process and structure, deliverables and sales packages, acceptance and payment procedures and reporting requirements.
B) Deliverables, schedule, ordering process, WBS structure, acceptance and payment procedures and reporting requirements.
C) Schedule, ordering process and structure, costs and resources, acceptance and payment procedures and reporting requirements.
D) Deliverables, schedule, related costs, WBS structure, acceptance and payment procedures and reporting requirements.
3. Which of the following contract types places the greatest risk on the seller?
A) Cost plus incentive fee contract.
B) Fixed price incentive contract.
C) Firm fixed price contract.
D) Cost plus fixed fee contract.
4. Bulk orders from the customer to Nokia are problematic for Nokia because:
A) more customer POs needing to be processed means that there will be increased administrative effort.
B) fewer customer POs needing to be processed means that there will be an under-utilization of logistics coordinators.
C) the customer acceptance process cannot be easily broken down to site level which leads to delays in invoicing and revenue recognition.
D) It results in the customer accepting too much scope at one time which can cause resource bottlenecks on the customer and Nokia side.
5. Which of the following inputs are part of the sales to delivery handover?
A) PTA, RFQ and approved cost baseline.
B) As sold cost estimate, project plan and PT
C) Cost assumptions, updated country cost database and risk log.
D) Customer PO, draft of the contract and project schedule.
Solutions:
Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: B |
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