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Nokia SDM Certification - CARE Sample Questions:

1. What is the basic cost management requirement for a CAPM?

A) Know the approval processes.
B) Not to exceed the cost base-line.
C) Not to take any risks.
D) Know where to find the best resources.

2. What characterizes good forecasting?

A) The resource estimate is no more than 10% above the actual requirements, to ensure availability.
B) It is done independently by the Controller who then gets the financial parameters exactly right.
C) All resources are forecast as one monthly total, to keep the process simple and efficient.
D) The estimate for the profit does not fluctuate, unless the business changes.

3. Who is responsible for ensuring the setup and availability of online services (NOLS, RAS, etc.) as agreed with the customer?

A) Care Program Manager.
B) HWS Manager.
C) SWS Manager.
D) CT Head.

4. Who is responsible for entering CARE data into NELLE?

A) Project F&C with the input from CaPM.
B) Services Account Manager.
C) Care Program Manager.
D) Cost & Progress Manager.

5. In which of the following situations can a company show profit at the same time as cash is decreasing?

A) When Work-in-Progress is invoiced and released as cost.
B) When Work-in-Progress is increasing rapidly.
C) The company invoices and records sales, but the customers do not pay.
D) Depreciation is much higher than amortization rates.

Solutions: