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Updated: May 30, 2026
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1. The project cost management plan is created as a part of the:
A) project management plan process.
B) estimate costs process.
C) control costs process.
D) determine budget process.
2. What is the definition of project Risk Management?
A) To avoid risks that would damage the desired growth in sales and profitability while taking all opportunities to positively influence customer satisfaction.
B) To maximize the probability and consequences of positive events and minimize the probability and consequences of adverse events to project objectives.
C) To take risks that will enable Nokia to profitably grow the business while having a thorough understanding of the risks and responses required for its success.
D) To manage risks that will enable Nokia to profitably grow the business, while having a basic understanding of the risks and responses required.
3. What are the defined gates in the Nokia Sales Work Flow?
A) Receive the RFQ, Define Bid Team, Create Customer Offer, Negotiate Contract, Prepare Project Plan.
B) Identify Customer Needs, Develop Solution, Prepare Commercial Offer, Negotiate Contract, Prepare PTA.
C) Receive RFQ, Develop Solution, Prepare Commercial Offer, Negotiate Contract, Prepare for Delivery.
D) Customer Selection, Go/No Go, Bid/No Bid, Approval/No Approval, Deal/No Deal, Start Delivery.
4. What costs are included in NCC reporting based on current guidelines?
A) All Nokia business line costs.
B) Resources related costs.
C) GS and MBB costs.
D) GS costs.
5. In which phase of the project is the greatest amount of its funding likely to be spent?
A) Planning.
B) Initiating.
C) Executing.
D) Closeout.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: C |
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