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Nokia CPM Sample Questions:

1. Which of the following is NOT a consideration when determining if an extra cost is NCC?

A) % of extra cost in relation to cost baseline (CBL).
B) Project risk contingency.
C) Project scope.
D) Contractual share of responsibility.

2. What are the basic elements for estimate at completion reporting?

A) Actual Costs + ETC.
B) CBL - ETC .
C) ASCE + ET
D) Detailed plan - actual costs.

3. What is the definition of project Risk Management?

A) To avoid risks that would damage the desired growth in sales and profitability while taking all opportunities to positively influence customer satisfaction.
B) To take risks that will enable Nokia to profitably grow the business while having a thorough understanding of the risks and responses required for its success.
C) To manage risks that will enable Nokia to profitably grow the business, while having a basic understanding of the risks and responses required.
D) To maximize the probability and consequences of positive events and minimize the probability and consequences of adverse events to project objectives.

4. What is NOT a cost category based on the Nokia cost management guideline?

A) Base costs.
B) Non conformance costs.
C) Resource costs.
D) Risk contingency costs.

5. The WBS comprises several levels of decomposition of the total project. The lowest level of definition is always the:

A) work package.
B) working interface.
C) planning element.
D) build cycle.

Solutions: