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Nokia CPM Sample Questions:

1. The _____________ is not a part of the project base costs but is included in the project budget:

A) activity cost contingency reserve.
B) project management planning.
C) management overheads.
D) risk contingency reserve.

2. Which of these is a valid response to negative risks?

A) Share.
B) Enhance.
C) Exploit.
D) Mitigate.

3. A risk response which involves eliminating a threat is called:

A) mitigation.
B) avoidance.
C) transfer.
D) deflection.

4. An accuracy KPI has dropped significantly compared to previous periods. After some initial checks it turns out that the data is correct. What is the right way to proceed?

A) Communicate the deviation to the project stakeholders.
B) Organize a meeting with NPO in order to make an action plan to improve.
C) Inform the CT head at the next CT meeting.
D) Organize a meeting with key team members in order to identify root causes and make an action plan to improve.

5. What is NOT a cost component based on the Nokia cost management guideline?

A) Subcontracting costs.
B) Resource costs.
C) Material costs.
D) Non conformance costs.

Solutions: