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Nokia CPM Sample Questions:

1. What is the formula of the "value of risk" in the quantitative risk analysis?

A) The cost of risk mitigation in EUR * the probability of occurrence in %.
B) The cost of transferring the risk in EUR / the probability of occurrence in %.
C) The risk contingency budget in EUR / the probability of occurrence in %.
D) The impact of risk in EUR * the probability of occurrence in %.

2. What should be done to ensure that the entire scope of work of the project is included in our planning?

A) Create a scope statement.
B) Create a work breakdown structure (WBS).
C) Create a contingency plan.
D) Create a risk management plan.

3. What activity is the final stage before input of the planned project costs to 4C?

A) Receipt of customer purchase orders.
B) Updates to the rollout schedule.
C) Joint analysis of the planned project costs by the project manager and cost and progress manager.
D) Revision of the equipment delivery forecast.

4. Which of the following cost components are allocated to a non-site level WBS element?

A) Local material costs.
B) External site services (Subcontracting).
C) Global material costs.
D) Resource and project office costs.

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

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

Solutions: