APM-PFQ Practice Questions

A.  

A benefit to the project if potential opportunities are realised

B.  

The cost of dealing with a risk should it occur is usually greater than the cost of managing that risk.

C.  

Risk management in the project facilitates team building.

D.  

It allows the organisation to assure stakeholders of project compliance with regard to risk management.

A.  

whether the project manager and team are performing well.

B.  

if the project is on schedule and within budget.

C.  

if stakeholders are satisfied.

D.  

whether to continue with the project.

A.  

Digital communication links never seem to work as required.

B.  

Communication being misunderstood.

C.  

There is no method for providing feedback.

D.  

This method of communication tends to be time consuming.

A.  

justifies undertaking the project.

B.  

describes the success criteria for the project.

C.  

focuses primarily on time related issues.

D.  

describes the success factor for the project.

A.  

Concept

B.  

Definition

C.  

Deployment

D.  

Transition

A.  

Risk events always have beneficial effects on the project.

B.  

Risk events can have either beneficial or detrimental effects on the project.

C.  

Risk events always have detrimental effects on the project.

D.  

Risk events have neither beneficial nor detrimental effects on the project.

A.  

Adjusting resource requirements.

B.  

Controlling project progress.

C.  

Scheduling payments for deliverables.

D.  

Setting major deadlines.

A.  

Issues must be escalated to the project sponsor.

B.  

Risks must be escalated to the project sponsor.

C.  

Issues must be dealt with by the governance board.

D.  

Risks must be dealt with by the governance board.

A.  

3 and 4 only

B.  

1, 2 and 3

C.  

1 and 2 only

D.  

2, 3 and 4

A.  

Contingency budget for remedial work.

B.  

Equipment required for quality testing.

C.  

Staff qualified to undertake inspections.

D.  

Processes to obtain stakeholder approvals.