Practice Free APM-PFQ Exam Online Questions
Question #41
The purpose of project management is to:
- A . organise management plans.
- B . keep all stakeholders happy.
- C . control change initiatives.
- D . effect beneficial change.
Question #42
Which of these is a correct definition of an Estimate?
- A . The use of a range of tools and techniques to produce forecasts of the probable time or cost of completing work
- B . An educated guess that improves over time
- C . A forecast of the probable time or cost of completing work
- D . An estimate is an approximation of project time and cost targets that forms the basis of the contract
Question #43
For successful risk identification to take place what must the project team know as a minimum?
- A . Skills of the team delivering the project.
- B . Project objectives.
- C . Amount of time allowed for risk identification to take place.
- D . Location of the venue Where risk identification Will take place
Question #44
Which of the following is not a purpose of milestones?
- A . Adjusting resource requirements.
- B . Controlling project progress.
- C . Scheduling payments for deliverables.
- D . Setting major deadlines.
Question #45
An extended project life cycle can be defined as:
- A . an approach that adds operational and termination phases to a linear life cycle.
- B . an approach that adds adoption and benefits realisation phases to a linear life cycle.
- C . a framework for conducting a cost-benefit analysis once a project has closed.
- D . a framework for ensuring the re-deployment of assets post project.
Question #46
How does having a business case help an organisation?
- A . It provides a documented account of the decisions that have been made and by whom in the planning of the project’s finances, ensuring the project’s compliance with recognized governance standards
- B . It provides an overview of how the project will deliver the scheduled progress over the period agreed between the project manager, sponsor and other key stakeholders associated with the project.
- C . It provides a means by which the sponsor can monitor the project manager’s performance in relation to the plans documented in the business case and highlight points at which a change of project manager may be necessary.
- D . It provides a recognized framework by which project spending proposals can be recorded, reviewed and audited to learn lessons about how efficiently the organisation is deploying funds to achieve its targeted returns.
Question #47
Which structure shows the reporting relationships and communications channels for a project?
- A . Work Breakdown Structure.
- B . Organisational Breakdown Structure.
- C . Product Breakdown Structure.
- D . Responsibility assignment structure.
Question #48
The prime purpose of configuration management is to:
- A . ensure the traceability and integrity of the delivered product or products
- B . minimise the impact of changes on the scope of the project
- C . ensure that the final product meets the needs of the business as defined by key stakeholders.
- D . maximise the impact of agreed enhancements to the project deliverables
Question #49
While providing support to the project and attending a risk management workshop, the following statements were noted.
Which one of these could be considered as a risk to a project?
- A . We have never done a project of this kind before.
- B . We might not have sufficient people with the right experience to undertake the project.
- C . We always find that design verification takes longer than planned.
- D . We have never worked in that country before.
Question #50
The purpose of a risk register is to provide a:
- A . structured process for risk identification.
- B . record of the ownership of risk and issue management actions.
- C . means of assessing the likelihood and impact of all of the risks.
- D . record of risks, their impact and the actions taken to manage them.