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APM PFQ Revision Question and answers already passed 2024/2025
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APM PFQ Revision Question and answers already passed 2024/2025 APM PFQ Revision Project - correct answer transient endeavours that bring about change to business-as-usual Project Management - correct answer Application of processes and methods throughout the project life cycle. The most...

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  • October 3, 2024
  • 21
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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APM PFQ Revision
Project - correct answer ✔transient endeavours that bring about change to
business-as-usual


Project Management - correct answer ✔Application of processes and
methods throughout the project life cycle. The most effective way to bring
about change.


Identify the differences between a project and business as usual - correct
answer ✔Projects involve uncertainty, require a special team and operate in
a dynamic environment. They deliver change and have specific aims &
objectives.


Business-As-Usual uses the deliverables produced to provide on-going
services in a more stable environment. The activities are repetitive in nature,
with a constant team and defined roles. Works within fixed time, cost and
quality constraints.


State the key purpose of project management - correct answer ✔Projects
are transient endeavours that bring about change to business-as-usual.
Increases the chances of the project being delivered within the agreed time-
cost-quality constraints.


List the processes of project management - correct answer ✔1. Starting
2. Planning
3. Monitoring & Control
4. Feedback
5. Closing

,List the benefits to an organisation of effective project management - correct
answer ✔1. greater likelihood of achieving desired result
2. utilises resources
3. satisfy needs of stakeholders


List the core components of project management - correct answer ✔1. define
project need
2. capture requirements
3. prepare business case
4. secure funding
5. develop management plan
6. lead team
7. manage risks
8. monitor progress
9. manage budget
10. maintain communication
11. close the project


Programme - correct answer ✔A unique, transient strategic endeavour
undertaken to achieve beneficial change and incorporating a group of related
projects and business-as-usual (steady-state) activities.


Portfolio - correct answer ✔A group of projects and programs carried out
within an organisation


Portfolio Management - correct answer ✔The selection, prioritisation and
control of an organisation's projects and programmes in line with its strategic
objectives and capacity to deliver.

, What is programme and portfolio management's relationship with project
management - correct answer ✔Must constantly review the balance of
investment and benefit, creating and closing projects and programmes as
necessary


Define the components of the PESTLE acronym - correct answer ✔Political,
Economical, Social, Technological, Legal, Environmental


Why might PESTLE be used - correct answer ✔- Helps the project manager
to understand the external factors that may impact the definition and delivery
of a project.
- Could inform decision making and anticipate changes or factors that may
affect successful project delivery.
- Helps to identify risks or constraints that may shape the definition and
planning of the project.


Project Life Cycle - correct answer ✔The inter-related phases of a project,
programme or portfolio and provides a structure for governing the progression
of work.


State the phases of a typical linear PLC - correct answer ✔1. Concept -
develop initial idea into a concrete proposition (outline business case).
2. Definition - design and plan the proposition with risks, costs and timescales.
3. Deployment - build the product. Work in this phase is subject to change
control, where a change to what has been agreed can be considered.
4. Transition - hand over the product that you've built to those who will use it,
and they formally give acceptance


State the phases of a typical iterative PLC - correct answer ✔1. Starting -
each phase needs to be initiated and the justification defined and agreed

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