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Nokia PDM_2002001060 Exam Syllabus Topics:

Nokia CPM Sample Questions:

Question 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 impact of risk in EUR * the probability of occurrence in %.
C. The risk contingency budget in EUR / the probability of occurrence in %.
D. The cost of transferring the risk in EUR / the probability of occurrence in %.

Question 2

Which of these costs will be part of cost of goods sold?

A. Contract financing costs.
B. Sub-contracting costs.
C. Entertainment costs.
D. Marketing costs.

Question 3

The Cost & Progress Manager is allocating overall cost estimates to individual activities to establish a baseline for measuring project performance. What is this process called?

A. Cost Baseline creation.
B. Cost Management.
C. Cost Estimating.
D. Cost Control.

Question 4

Which of the following is NOT a project risk management process?

A. risk monitoring and control.
B. risk response planning.
C. risk avoidance.
D. risk identification.

Question 5

In which situation is it required to update/change the cost baseline?

A. When a risk has materialized.
B. Roll-out delays affecting the original cost plan.
C. Change in subcontractor prices.
D. Scope changes supported by a legal binding document.

Solutions: