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APM PMQ REVISION EXAM VERSION A AND B LATEST UPDATE WITH 350+ QUESTIONS AND CORRECT ANSWERS
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APM PMQ REVISION EXAM VERSION A AND B LATEST UPDATE WITH 350+ QUESTIONS AND CORRECT ANSWERS
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Page 1 of 150APM PMQ REVISION EXAM VERSION A AND B LATEST
UPDATE 2024-2025 WITH 350+ QUESTIONS AND
CORRECT ANSWERS
APM PMQ A
What is an accrual? - CORRECT ANSWER✔✔This is when the project has received
work from a supplier but has not yet been invoiced for this.
What is an actual cost? - CORRECT ANSWER✔✔This money has already been paid
out of the project budget.
What is a forecast out-turn cost? - CORRECT ANSWER✔✔This is the total
committed costs, accruals and actual costs plus the estimate cost of the remaining
work packages.
What are some techniques to assess risk? - CORRECT ANSWER✔✔- Monte Carlo
- Sensitivity Analysis
- Decision Trees
, Page 2 of 150
What is a risk? - CORRECT ANSWER✔✔The potential of an action or event to
impact on the achievement of objectives.
What is an issue? - CORRECT ANSWER✔✔The tolerances of delegated work are
predicted to be exceed or already have.
What are the benefits of Risk Management? - CORRECT ANSWER✔✔- Credibility
- More realistic plan
- Improved chance of success
- Effective communication
- Governance
What is quality management? - CORRECT ANSWER✔✔Dictated by the
organisations quality processes, the acceptable standards and how they will be
met will be heavily influenced by whatever quality models have been adopted.
What are the 4 stages of quality management? - CORRECT ANSWER✔✔- Quality
Planning
- Quality Assurance
, Page 3 of 150
- Quality Control
- Continual Improvement
What should a business case include? - CORRECT ANSWER✔✔B - Background
O - Options
B- Benefits
CA - Commercial Aspects
R - Risks
T - Timescales
What are the 5 aspects of the PRAM? - CORRECT ANSWER✔✔Initiate
Identify
Assess
Plan responses
Implement responses
, Page 4 of 150
What are the 5 phases in the extended project life cycle? - CORRECT
ANSWER✔✔Concept
Definition
Development
Handover and Closure
Operations
Who are potential stakeholders within a project? - CORRECT ANSWER✔✔Project
Sponsor
Project Team
Users
Suppliers
Customers
Senior Management
What are the 5 steps within the information management process? - CORRECT
ANSWER✔✔Collection
Storage
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