APM PMQ BoK 7 question n answers graded A+

APM PMQ BoK 7Project targets - correct answer Time Cost Quality Risk Benefit Scope +Safety 3.1 Project management vs BAU - correct answer Projects: unique, transient, change. Time, cost quality. BAU: Repetitive process, ongoing. Projects: products and outputs BAU: Outcomes and benefits Projects: Specialist skills BAU: Functional skills 3.2 Programme Management - correct answer Group of related Ps Aligned to org/dept strategy Delivers outcomes (benefits) Benefits: Focus on strategic objectives Focus on achieving benefits Inter-P dependencies - manage/share resources 3.2 Portfolio Management - correct answer Overall view of all Ps and Pgs and links Prioritise/select Ps to support strategy Adjust Po - external impacts Benefits: Balanced strategically aligned portfolio Overview risks, dependencies, schedule Cost reduction - economies of scale 3.3 Relationship between P, Pg and strategic change - correct answer Pg focus on larger strategic objs Pg deliver Ps in optimal order to realise strategic objs Pgs embed outputs from Ps to achieve benefits towards strategic objs 3.4 Situations where Programme Management appropriate - correct answer When: Group of inter-related projects Similar resource/tech needs Manage a big change Why: Enables infrastructure Ps (roundabout) Economies of scale Long-term stability for big change 3.4 Situations where Portfolio Management appropriate - correct answer Organisation/Department level integration of Ps, Pgs and BAU - overview Optimising return on investment across all activity High-level decision making - resources/time/risk