APM PMQ Exam UPDATED Questions and CORRECT Answers
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Course
APM PMQ
Institution
APM PMQ
APM PMQ Exam UPDATED Questions
and CORRECT Answers
Configuration Management process - Status accounting - CORRECT ANSWER-
knowing the status of items, proposed changes and the implementation status of approved
changes (Archived records)
Risk in a Business case - CORRECT ANSWER- the major ris...
APM PMQ Exam UPDATED Questions
and CORRECT Answers
Configuration Management process - Status accounting - CORRECT ANSWER✔✔-
knowing the status of items, proposed changes and the implementation status of approved
changes (Archived records)
Risk in a Business case - CORRECT ANSWER✔✔- the major risks and their impact on the
business case.
What a business case includes? (BOBCART) - CORRECT ANSWER✔✔- Background,
Options, Benefits, Commercial Aspects, Risks, Timescales
PRAM process - CORRECT ANSWER✔✔- Initiate
Identify
Assess
Plan responses
Implement responses
Risk management - Initiate - CORRECT ANSWER✔✔- How the risk will be managed?
(PMP, Risk management plan)
Risk management - Assess - CORRECT ANSWER✔✔- how risky is each risk (Risk matrix,
probability & impact chart)
Risk management - Identify - CORRECT ANSWER✔✔- Use of Identification methods such
as (risk logs, brainstorming, meetings, Delphi)
Plan responses - CORRECT ANSWER✔✔- is this risk a threat or opportunity to the project?
(SWAT Analysis)
Implement - CORRECT ANSWER✔✔- when the risk is added to the project plan, (PMP, risk
log, Gannt chart)
,Extended project life cycle - CORRECT ANSWER✔✔- Concept
Definition
Development
Handover and Closure
Operations
Benefits Realisation
Termination
Who are potential stakeholders within a project? - CORRECT ANSWER✔✔- Project
Sponsor, Project Team, Users , Suppliers, Customers, Senior Management
Information management process - CORRECT ANSWER✔✔- Collection, Storage,
Dissemination, Archiving, Destruction
Requirements management process - Capture - CORRECT ANSWER✔✔- is a research
exercise undertaken early in a project to establish the scope and what is needed.
(brainstorming, prototypes, archived documentation)
What are the steps of the change control process? - CORRECT ANSWER✔✔- Submit
Change, Review change, Assess feasibility and impact, Decision
What is the requirements model? - CORRECT ANSWER✔✔- Business needs, features,
requirements, acceptance Criteria
What are the steps of the configuration management process? - CORRECT ANSWER✔✔-
Planning, Identification, Control, Status Accounting , Audit
What are 2 types of breakdown structure? - CORRECT ANSWER✔✔- WBS, OBS
What is a Work Breakdown Structure (WBS)? - CORRECT ANSWER✔✔- a comprehensive
list of all activities needed to complete a project.
, What is a Product Breakdown Structure (PBS)? - CORRECT ANSWER✔✔- focuses on the
deliverables needed to deliver the project. This can be broken down further into tasks within a
WBS.
What are 5 types of report? - CORRECT ANSWER✔✔- Progress
Quality
Risk
Finance
Audit
What are 3 types of investment appraisal? - CORRECT ANSWER✔✔- Net present value
(NPV)
Payback
Internal Rate of Return (IRR)
What are the steps of the stakeholder management process? - CORRECT ANSWER✔✔-
Identify
Assess
Develop
Engage
How do you calculate Earned Value (EV)? - CORRECT ANSWER✔✔- EV= %complete x
Budget at completion
How do you calculate Cost Variance (CV)? - CORRECT ANSWER✔✔- CV= Earned Value -
Actual Costs
How do you calculate Schedule Variance (SV)? - CORRECT ANSWER✔✔- SV= Earned
Value - Planned Costs
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