APM- PFQ EXAM LATEST 2024 ACTUAL EXAM TEST
BANK 350 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+
What is a visual representation of a project's planned activity against a calendar called? a.
A Gantt chart.
b. A critical path network.
c. A product flow diagram.
d. A Pareto chart. - answer-A
Controlling or influencing project success factors will:
a. increase the likelihood of a successful project.
b. ensure senior management support.
c. measure progress towards a successful conclusion.
d. ensure project completion. - answer-A
Which one of the following is NOT a project change?
a. An approved omission from the agreed project scope.
b. The potential for agreed resources to be removed from the project.
c. A requirement for extra expenditure to cover increased supplier costs.
d. The removal of work packages from the agreed project scope. - answer-B
Which one of the following best describes project sponsorship?
a. Project sponsorship is the customer's role responsible for identifying the business need.
b. Project sponsorship is an active, senior management role responsible for identifying the business
need, problem or opportunity.
c. Project sponsorship is an active, senior management role managing the customer's needs subject to
an agreed cost.
,d. Project sponsorship is the project manager's role responsible for delivering the business need and
addressing any problems or opportunities. - answer-B
Project success criteria are best defined as:
a. the qualitative or quantitative measures by which the success of the project is judged.
b. the factors that, when present in the project are most conducive to a successful outcome.
c. the measures that establish if project activities are ahead or behind schedule.
d. the activities or elements of the project which are considered to be critical to success - answer-A
Which one of the following best describes stakeholders?
a. Anyone who has heard about the project.
b. Anyone who has an opinion about how the project should be managed.
c. People wanting to be members of the project team.
d. People who are affected by the project in some way. - answer-D
The project management plan is best described as a reference document that confirms:
a. the project completion date as agreed between the project sponsor, other stakeholders and the
project manager.
b. the agreement between the project sponsor, other stakeholders and the project manager.
c. the key project milestones as agreed between the project sponsor, other stakeholders and the project
manager.
d. the project start date as agreed between the project sponsor, other stakeholders and the project
manager - answer-B
The value of a risk log lies in its ability to provide:
a. a record of all risks, their impact and the actions taken to manage them.
b. a record of the ownership of risk and issue management actions.
c. a means of assessing the likelihood and impact of risks.
d. a structured process for risk management. - answer-A
,Which one of the following statements best defines a portfolio?
a. A group of related projects, which may include business-as-usual activities, that delivers change.
b. A timetable of how project activities and project milestones are planned over a period of time.
c. A group of projects that represent the delivery of all, or a discrete part of a new capability.
d. A grouping of an organisation's projects, programmes and related business-as-usual activities. -
answer-D
Which one of the following statements about the project management plan (PMP) is FALSE?
a. The PMP acts as a contract between the Project Manager, the project team and the sponsor.
b. The PMP defines the baselines for the project upon which changes are considered.
c. The PMP, once defined, will remain unchanged throughout the project.
d. The PMP is used as a reference document for managing the project. - answer-C
How is project risk management best defined?
a. A series of actions taken by a project team member or stakeholder to proactively avoid project
threats.
b. A structured process to optimise project success by minimising threats and maximising opportunities.
c. A technique to decompose the project into component parts or discrete groups for programming
purposes.
d. A framework that allows requirements to be defined and reviewed so that the best project approach
is determined. - answer-B
The project management plan:
a. justifies undertaking the project.
b. describes the success criteria for the project.
c. focuses primarily on time related issues.
d. describes the success factor for the project. - answer-B
The project management plan is:
a. owned by the Project Manager and the project team.
, b. owned by the sponsor.
c. owned by the Project Manager.
d. owned by the Project Manager and the project stakeholders. - answer-C
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 - answer-B
Scheduling can best be defined as the process used to determine:
a. overall project duration.
b. project cost.
c. the project management plan.
d. sub-contractor's responsibilities - answer-A
Which one of the following statements best describes resource scheduling?
a. A process which identifies activities that will need project resources.
b. A process to assign roles to project resources.
c. A process that identifies when resources are needed.
d. A process to estimate the project resources. - answer-C
Resource levelling seeks:
a. to schedule activities within the limits of their float.
b. to minimise the use of overtime and weekend working.
c. not to exceed the limits of resource available.
d. to increase the resource availability - answer-C
Which one of the following best describes the entire project reporting process?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller perminuskarimikithinji. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.99. You're not tied to anything after your purchase.
