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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 is the formula of the "value of risk" in the quantitative risk analysis?

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

3. Your project is ongoing, all partner contracts have been renegotiated and new prices (higher by 8%) came into effect immediately. If all the other circumstances in your project remain unchanged, your PCA [%] value will:

A) decrease by 8%.
B) Decrease by a % dependent on project completion % and other project costs.
C) increase by a % dependent on project completion and other project costs.
D) increase by 8%.

4. Project "A" has experienced difficulties in the deliveries of one of its key suppliers. It has been estimated by the project team that, if the supplier is one week late for the next scheduled delivery, it will cost EUR10,000. The probability of the supplier being late is 50 %, based on the fact that this has happened before on the project. It is decided not to take any risk mitigation actions. What is the TERC for this risk?

A) EUR10,000.
B) EUR7,500.
C) EUR3,500.
D) EUR5,000.

5. A __________ is a formal invitation to submit a price for goods and/or services as specified:

A) bid response.
B) request for proposal.
C) request for quotation.
D) intention to bid.

Solutions: