APM PMQ 2023 Exam Questions with Complete Solutions

APM PMQ 2023 Exam Questions with Complete Solutions Project variables/constraints - CORRECT ANSWERS Time Cost Quality Risk Benefit Scope Benefits of project management - CORRECT ANSWERS Improved project communication Effective resource management Better delivery of results Facilitates risk-taking Lessons learned Improved governance Challenges of project management - CORRECT ANSWERS Bureaucracy Limits creativity Threatens existing organisation structure Complex interrelationships Project management capability Project management methods - CORRECT ANSWERS Documentation templates Governance guidelines Role definitions Project management procedures Guidelines on application Project management procedures Benefits and costs of project management method - CORRECT ANSWERS Check with mark if I need this Core processes of programme management - CORRECT ANSWERS Project co-ordination Transformation Stakeholder management/communication Benefits management Roles and responsibilities of programme management - CORRECT ANSWERS Initiate, prioritise and terminate projects Manage project and BAU interdependencies Manage resources and conflicts Manage risks, issues and changes Define and realise the strategic benefits Benefits of programme management - CORRECT ANSWERS Prioritisation of individual projects Resource management View of interdependencies Ability to manage risks issues and changes Effective communication/consistent reporting Alignment with programme objectives Challenges of programme management - CORRECT ANSWERS Unclear organisation/scope High number of stakeholders Lack of clear requirements Key activities in portfolio management - CORRECT ANSWERS Segmentation Select and prioritise Assess progress Review and reporting Benefits management Benefits of portfolio management - CORRECT ANSWERS Maintaining a balances and aligned portfolio Holistic overview of risks, dependencies, and scheduling Cost reduction Efficient utilisation of resources Better coordination and control Organisational structure levels - CORRECT ANSWERS External Sponsorship Management Delivery (Administrative support and assurance sit alongside) Benefits of matrix organisation structure - CORRECT ANSWERS Good for organisations with lots of projects and routine operations Good for staff welfare as they have dedicated resource Project requirements fit business needs Better allocation of resources fit to skills - efficient Improved project management expertise Costs of matrix organisation structure - CORRECT ANSWERS Clash between functional and project managers Lack of alignment to organisation priorities (BAU vs project) Unclear escalation route for staff Organisational roles - CORRECT ANSWERS Project steering group Project sponsor Project manager Team Members Users Project Office Sponsor responsibilities - CORRECT ANSWERS Business case ownership Approve the PMP Stakeholder arbitration Stage-gate approval Approve changes Resolve issues Accept deliverables Review benefits Process used to examine internal and external enviroment - CORRECT ANSWERS Strengths Weaknesses Opportunities Threats Process used to examine external environment - CORRECT ANSWERS Political Economic Sociological Technological Legislative Environmental Areas of law to consider - CORRECT ANSWERS Health and Safety Employment Contract Data protection Freedom of information Four components of governance - CORRECT ANSWERS Portfolio direction Sponsorship Project management Disclosure and reporting Principles of good governance - CORRECT ANSWERS Structured gated project life cycle Clearly defined roles and responsibilities Independent scrutiny Stakeholder engagement Recording and communicating key decisions