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BUSINESS AND MANAGEMENT – APM PMQ COMPETENCE TEST 2024 SERIES 2 (GOVERNANCE QUIZ)

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  • Business and Management
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Unlock the key concepts of project management with our comprehensive guide! This document delves into crucial roles and structures within project teams, such as the Product Owner, Project Manager, and Steering Committee. Discover the essentials of managing projects efficiently, from issue escalatio...

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  • August 31, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Business and Management
  • Business and Management
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BUSINESS MANAGEMENT – APM PMQ COMPETENCE TEST 2024 SERIES 2

GOVERNANCE QUIZ

NOTE: This is part 2 of a complete series of APM (Association for Project Management) PMQ (Project
Management Qualification) as of September 2024 all you need for your exam preps

Circle the letter of the Definition that corresponds to the displayed Term.
1. Sponsor
a) A critical role as part of the governance board of any project, programme, or portfolio. The sponsor
is accountable for ensuring that the work is governed effectively and delivers the objectives that meet
identified needs.
b) The process by which issues are drawn to the attention of a higher level of management.
c) The group of people who are intended to work with deliverables to enable beneficial change to be
realized.
d) A management structure where specific functions of a business are grouped into specialist
departments that provide a dedicated service to the whole of the organization.

Correct Answer: a) A critical role as part of the governance board of any project, programme, or
portfolio. The sponsor is accountable for ensuring that the work is governed effectively and delivers the
objectives that meet identified needs.
Explanation: The sponsor is a key figure in project governance, ensuring that the project stays aligned
with its goals and provides value.

2. Project sponsor
a) A group, usually comprising the sponsor, senior managers, and sometimes key stakeholders, whose
remit is to set the strategic direction of a project. It gives guidance to the sponsor and project manager.
Often referred to as the Project Board.
b) The sponsor is accountable for ensuring that the work is governed effectively and delivers the
objectives that meet identified needs.
c) The group of people who are intended to work with deliverables to enable beneficial change to be
realized.
d) An organizational structure where the project manager and the functional managers share
responsibility for assigning priorities and for directing the work. Individuals stay in their functional
departments while performing work on one or more projects.

Correct Answer: b) The sponsor is accountable for ensuring that the work is governed effectively and
delivers the objectives that meet identified needs.
Explanation: The project sponsor is responsible for ensuring that the project is managed correctly and
meets its intended objectives.

3. Project Board
a) A group, usually comprising the sponsor, senior managers, and sometimes key stakeholders, whose
remit is to set the strategic direction of a project. It gives guidance to the sponsor and project manager.
Often referred to as the Steering Group.

© Strategic Business Management Scholars -2024

, Business Management

b) The group of people who are intended to work with deliverables to enable beneficial change to be
realized.
c) The individual responsible and accountable for the successful delivery of the project.
d) A group, usually comprising the sponsor, senior managers, and sometimes key stakeholders, whose
remit is to set the strategic direction of a project. It gives guidance to the sponsor and project manager.
Often referred to as the Project Board.

Correct Answer: a) A group, usually comprising the sponsor, senior managers, and sometimes key
stakeholders, whose remit is to set the strategic direction of a project. It gives guidance to the sponsor
and project manager. Often referred to as the Steering Group.
Explanation: The Project Board provides strategic direction and guidance to ensure the project aligns
with organizational goals.

4. Matrix organization
a) The people accountable to the project manager when working on project activities.
b) A group, usually comprising the sponsor, senior managers, and sometimes key stakeholders, whose
remit is to set the strategic direction of a project. It gives guidance to the sponsor and project manager.
Often referred to as the Project Board.
c) The process by which issues are drawn to the attention of a higher level of management.
d) An organizational structure where the project manager and the functional managers share
responsibility for assigning priorities and for directing the work. Individuals stay in their functional
departments while performing work on one or more projects.

Correct Answer: d) An organizational structure where the project manager and the functional
managers share responsibility for assigning priorities and for directing the work. Individuals stay in
their functional departments while performing work on one or more projects.
Explanation: A matrix organization is a structure in which employees report to both a functional
manager and a project manager.

5. Steering Group
a) An organizational structure where the project manager and the functional managers share
responsibility for assigning priorities and for directing the work. Individuals stay in their functional
departments while performing work on one or more projects.
b) The process by which issues are drawn to the attention of a higher level of management.
c) The group of people who are intended to work with deliverables to enable beneficial change to be
realized.
d) A group, usually comprising the sponsor, senior managers, and sometimes key stakeholders, whose
remit is to set the strategic direction of a project. It gives guidance to the sponsor and project manager.
Often referred to as the Project Board.

Correct Answer: d) A group, usually comprising the sponsor, senior managers, and sometimes key
stakeholders, whose remit is to set the strategic direction of a project. It gives guidance to the sponsor
and project manager. Often referred to as the Project Board.
Explanation: The Steering Group, also known as the Project Board, is responsible for guiding the
project's direction and ensuring its success.

© Strategic Business Management Scholars -2024

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