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APM Project Fundamentals Qualification (PFQ)

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Total Questions : 409

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Question # 11

To be fully effective, the project manager:

Options:

A.  

must take into consideration the internal and external environments.

B.  

need only deal with the internal environment since the sponsor will deal with the external environment.

C.  

should manage the external stakeholders and external environment.

D must liaise with regulating bodies to ensure requirements include the latest legislation.

Discussion 0
Question # 12

Which one of the following statements best defines a portfolio?

Options:

A.  

A.  

group of related projects, which may include business-as-usual activities, that delivers change.

B.  

A.  

timetable of how project activities and project milestones are planned over a period of time.

C.  

A.  

group of projects that represent the delivery of all, or a discrete part of a new capability.

D.  

A.  

grouping of an organisation's projects, programmes and related business-as-usual activities.

Discussion 0
Question # 13

Which of the following are typical estimating methods? 1) Analytical 2) Budgeting 3) Analogous 4) Parametric

Options:

A.  

1, 2 and 4

B.  

1, 2 and 3

C.  

1, 3 and 4

D.  

2, 3 and 4

Discussion 0
Question # 14

When in the project life cycle might analogous estimating be most commonly used?

Options:

A.  

Transition.

B.  

Concept

C.  

Deployment.

D.  

Definition.

Discussion 0
Question # 15

What is a key role of the project manager?

Options:

A.  

Coordinating the development of the project management plan.

B.  

Conducting benefits realisation reviews.

C.  

Reviewing progress against success criteria and checking that the planned business benefits will be achieved.

D Authorising any changes to the business case.

Discussion 0
Question # 16

Which of the following should happen as soon as a change has been approved?

Options:

A.  

Update change log.

B.  

Update the risk register.

C.  

Update the issue log.

D.  

Update lessons learned.

Discussion 0
Question # 17

A procurement strategy is a:

Options:

A.  

technical specification.

B.  

day-to-day requirement.

C.  

detailed timetable.

D.  

high-level approach.

Discussion 0
Question # 18

Which of the following statements explain the importance of clearly defined success criteria at handover?

1) Deliverables are more likely to satisfy the client

2) The project can be effectively evaluated

3) Work can be effectively planned

4) Change can generally be avoided

Options:

A.  

1 and 2

B.  

1 and 3

C.  

2 and 3

D.  

2 and 4

Discussion 0
Question # 19

What is the prime advantage of using a parametric estimating method?

Options:

A.  

Accuracy,

B.  

Ability to deal With detailed information.

C.  

Independence from historic data.

D.  

Speed.

Discussion 0
Question # 20

A review most closely linked to the phases Of the project life cycle could be described as a:

Options:

A.  

gate review.

B.  

learning review.

C.  

handover review.

D.  

audit review.

Discussion 0
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