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Nokia CPM Sample Questions:

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

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

2. The estimated value of the work actually accomplished is:

A) planned value (PV).
B) cost variance (CV).
C) earned value (EV).
D) actual cost (AC).

3. What is the purpose of the post project review?

A) To formally conclude all project activities including ramping down of resources, closing the project in the financial tools, and archiving project documentation.
B) To provide an overview of the project performance and to identify gaps related to planning and preparation work.
C) To communicate the project closure and to collect and communicate lessons learned and best practices.
D) To review of how a contract is performing against the customer and LoA commitments.

4. The Risk Contingency will:

A) increase the probability of scope changes.
B) reduce the probability of cost overruns.
C) reduce the probability of scope changes.
D) increase the probability of cost overruns.

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

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

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