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Nokia CPM Sample Questions:

1. If Net Sales are EUR150 and Cost of Goods Sold are EUR100, what is the Gross Profit in %?

A) 100%.
B) 33%.
C) 50%.
D) This cannot be determined without knowing Gross Sales.

2. The __________ is a narrative description of the work to be accomplished or resource to be supplied:

A) scope of work.
B) purchase order.
C) contract stipulation.
D) level of effort.

3. The risk contingency reserve is identified in which process?

A) Determine cost baseline.
B) Estimate activity duration.
C) Estimate costs.
D) Estimate activity resources.

4. To meet the requirements of the project through effective contract management, it is best to:

A) mix standard and unique clauses.
B) avoid using contractual documents.
C) use standard clauses in contracts.
D) prepare a unique contract.

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

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

Solutions: