APM PMQ Exam revision with Verified Solutions

APM PMQ Exam revision with Verified Solutions What are the five criteria for a successful project? - Answer -Time, cost, quality, risk & benefits Project Management - Answer -The application of processes, methods, knowledge, skills and experience to achieve the project objectives Programme Management - Answer -The coordinated management of projects and change manage activities to achieve beneficial change Project Success - Answer -The satisfaction of stakeholder needs measured by the success criteria as identified and agreed at the start of the project Benefits Management - Answer -The identification, definition, planning, tracking and realisation of business benefits Project Context - Answer -Refers to the environment within which the project is undertaken Stakeholder Management - Answer -The systematic identification, analysis, planning and implementation of actions designed to engage with stakeholders Project Life Cycle - Answer -The inter-related phases of a project, programme or portfolio, it provides a structure for governing the progression of work Project Reviews - Answer -Reviews take place throughout the project life cycle to check the likelihood of achieving the objectives specified in the PMP and the benefits detailed in the business case The Business Case - Answer -Provides justification for undertaking a project or programme. It evaluates the benefits, cost and risk of alternative options and provides reasoning behind the preferred solution Organisational Roles - Answer -Are the roles performed by individuals or groups in a project. Both roles and responsibilities within projects must be defined to address the transient and unique nature of projects and to ensure clear accountabilities can be assigned Project Sponsor - Answer -is an important senior management role. The sponsor is accountable for ensuring that the work is governed effectively and delivers the objectives that meet the identify needs. The Project Management Plan - Answer -A document used to coordinate all project planning documents, it is the reference document for managing the project. It is an output of the definition phase Scope Management - Answer -A process whereby outputs, outcomes and benefits of the project are identified, defined and controlled.Requirements management GAJB Scope development PBS-WBS Configuration management PICSAVA Change Control RRADI 0 Scheduling - Answer -The process used to determine the overall project duration and when activities and events are planned to happen. Schedule Management: ICECAP Resource Management - Answer -The acquisition and deployment of the internal resources required to deliver the project Project Risk Management - Answer -Is a process that allows individual risk events and overall project risk to be understood and managed proactively, optimising success by minimising threats and maximising opportunities Project Quality Management - Answer -Is a discipline for ensuring the outputs, benefits and the processes by which they are delivered, meet stakeholder requirements and are fit for purpose. PACCIFY Change Control - Answer -Is the process through which all requests to change the baseline scope of a project are captured, evaluated and then approved, rejected or differed Issue - Answer -Occurs when the tolerance of delegated work are predicted to be exceeded or have been exceeded. This triggers and escalation of the issue from one level of management to the next in order to seek a solution