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Nokia CPM Sample Questions:

1. Which of the following is an advantage of site based operations (back-to-back ordering and invoicing of site based activities):

A) there will not be any additional project management overhead.
B) NCC and materialized risk will only occur at a site level.
C) transactional processes can be automated thus reducing Logistics costs.
D) subcontractors will not have to wait for customer acceptance in order to get paid for their work.

2. Which of the following statements is not in line with reporting rules? New non-planned Risk identified with a significant value:

A) does not change the estimate at completion (EAC) value of the risk contingency.
B) changes the cost baseline (CBL) value of the risk contingency.
C) changes the estimate at completion (EAC) value of non conformance costs.
D) does not change as sold cost estimate (ASCE) and cost baseline (CBL).

3. An appropriate sequence for risk management activities is:

A) risk identification, risk elimination and risk mitigation.
B) risk identification, Risk quantification and risk response development and control.
C) risk identification, risk mitigation and risk management.
D) risk identification, risk assessment and risk planning.

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

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

5. When should risk analysis be performed?

A) Just before any major meeting with the client.
B) Only when justified by the awareness of new risks becoming a possibility.
C) On a regular basis prior to and throughout the project.
D) When preparing the project plan.

Solutions: