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Nokia CPM Sample Questions:

1. When should lessons learned be performed?

A) Only at the end of the project, during project closing.
B) During the project execution and at the conclusion of the project.
C) Only when there is time available as project managers have other priorities.
D) After the end of the project, at the project post-mortem meeting.

2. What is NOT included in a basic project cost report?

A) Total actual costs.
B) Year to date costs of goods sold.
C) Total project cost baseline.
D) Total project estimate at completion.

3. An appropriate sequence for risk management activities is:

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

4. Which of the following is important to include in the acceptance procedure?

A) Definition of detailed scope of works, customer invoicing and pricing elements, unambiguous definition of acceptance criteria and related documentation and other evidence.
B) Clear procedure of how and in what timeline acceptance is required to be given, related triggers, unambiguous definition of acceptance criteria and related documentation and other evidence.
C) Clear procedure of how and in what timeline acceptance is required to be given, related triggers, risk management plan, and back-to-back customer and vendor contracts.
D) Definition of detailed scope of works, subcontractor pricing elements and unambiguous definition of acceptance criteria and related documentation and other evidence.

5. Which process is NOT included in project cost management?

A) Cost control.
B) Resource planning.
C) Resource allocation.
D) Cost planning.

Solutions: