[Nov 05, 2024] APM-PFQ Ultimate Study Guide - Prep4sureGuide
Ultimate Guide to Prepare APM-PFQ Certification Exam for Project Fundamentals Qualification in 2024
APM APM-PFQ Exam Syllabus Topics:
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NEW QUESTION # 56
Who would be typically described as the person or organisation best placed to deal with a risk?
- A. Project sponsor.
- B. Risk owner.
- C. Risk manager.
- D. Sponsor.
Answer: B
NEW QUESTION # 57
Which one of the following statements is true?
- A. Quality control verifies that the project deliverables conform to specification, are fit for purpose and meet stakeholder expectations.
- B. Quality assurance provides confidence to stakeholders that requirements for quality will be exceeded.
- C. Quality planning enables the project manager to manage the trade-off between customer expectations and budget.
- D. Independent reviews and quality audits form part of quality assurance to ensure the project manager delivers on time and to budget.
Answer: A
NEW QUESTION # 58
How is 'quality' best defined?
- A. The satisfaction of stakeholder needs measured by the success criteria as identified and agreed at the start of the project.
- B. The fitness for purpose or the degree of conformance of the outputs of a process or the process itself to requirements.
- C. A. discipline for ensuring the outputs, benefits and the processes by which they are delivered meet stakeholder requirements and are fit for purpose.
- D. The process of evaluating overall project performance on a regular basis to provide confidence that the project will satisfy the relevant quality standards.
Answer: B
NEW QUESTION # 59
Which one of the following best describes project management?
- A. Employing a project manager who has undertaken similar projects.
- B. Utilising team members who can work on a project full time.
- C. Application of processes and methods throughout the project life cycle.
- D. Using APM's Body of Knowledge 6th edition as a guide to all projects.
Answer: C
NEW QUESTION # 60
When effectively implemented, what is one of the key roles of governance?
- A. Provide confidence to all stakeholders that projects are being well managed and the most appropriate financial and technical controls are being exerted.
D Provide confidence to all project team members that their jobs are secure at least from the period of the project start to the handover. - B. Provide confidence that the business case is the best option for the current circumstances and that there will be no changes as the project is being delivered.
- C. Provide confidence that the plans that have been developed will guarantee that the project will be delivered on time and to budget.
Answer: A
NEW QUESTION # 61
Governance could best be defined as:
- A. the framework that structures a review of the project, programme or portfolio and aids a decision to be made about whether to continue with the next phase or stage of progress.
- B. the framework that is used for selection, prioritisation and control of an organisation's projects and programmes in line with its strategic objectives and capacity to deliver D the framework used by the organisation and approved by the project board at project initiation that allows the definition of the terms of reference for the project.
- C. the framework of authority and accountability that defines and controls the outputs, outcomes and benefits from projects, programmes and portfolios.
Answer: C
NEW QUESTION # 62
Which of the following is not a key element of project scope management?
- A. Control outputs
- B. Define outputs.
- C. Identify outputs.
- D. Share outputs.
Answer: D
NEW QUESTION # 63
Which of the following defines the term 'risk'?
- A. The use of estimation to determine costs, resources and activities.
- B. A problem that is now or is about to breach delegated tolerances for work on a project or programme.
- C. The potential of a situation or event to impact on the achievement of specific objectives.
- D. Scope creep within an uncontrolled project.
Answer: C
NEW QUESTION # 64
Scheduling can best be defined as the process used to determine:
- A. project cost estimating.
- B. the project management plan.
- C. sub-contractor's responsibilities
- D. overall project duration.
Answer: D
NEW QUESTION # 65
Which one of the following best describes the entire project reporting process?
- A. Producing an exception report to communicate A. project issue to the project board.
- B. Publicising the project benefits to the business organisation.
- C. Notifying team members of the project's progress at the weekly team meeting.
- D. Formally notifying the status of the project to the project's stakeholders.
Answer: D
NEW QUESTION # 66
A project is typically defined in terms of scope, time, cost and which other parameter?
- A. Tolerance.
- B. Controls.
- C. Quality.
- D. Benefits.
Answer: B
NEW QUESTION # 67
A Responsibility Assignment Matrix (RAM) can be used to:
- A. allocate work packages to those responsible for project work.
- B. allocate risk management response activities to project personnel.
- C. define the terms of reference of the project manager.
- D. define the limits of the project sponsor's responsibilities.
Answer: A
NEW QUESTION # 68
A typical issue management process could follow the steps:
- A. identification, escalation. action, resolution.
- B. assessment, escalation, closure, resolution.
- C. assessment, planning, action, response.
- D. identification, planning, response, resolution.
Answer: A
NEW QUESTION # 69
A typical risk management process would follow the steps:
- A. assessment, analysis. closure. response.
- B. identification. analysis, response. closure.
- C. identification, planning, response. closure
- D. assessment, planning, managing. response.
Answer: B
NEW QUESTION # 70
When a project has completed the handover and closure phase:
- A. the project deliverables are ready for commissioning.
- B. the project documentation must be disposed of.
- C. the capability is now in place for the benefits to be realised
- D. the project deliverables are ready for handing over to the users.
Answer: C
NEW QUESTION # 71
Who are project team members primarily accountable to?
- A. External stakeholders.
- B. The end users.
- C. The project manager
- D. The finance director.
Answer: C
NEW QUESTION # 72
Which one of the following is NOT a function of leadership?
- A. Promoting the project vision.
- B. Reinforcing positive relationships.
- C. Maintaining constant tight control.
- D. Inspiring the individual.
Answer: C
NEW QUESTION # 73
One difference between an issue and a risk is an issue:
- A. must be recorded but a risk does not.
- B. is a certain event but a risk is not.
- C. is an uncertain event but a risk is not.
- D. always affects scope but a risk does not
Answer: B
NEW QUESTION # 74
One purpose of risk management is to:
- A. minimise threats and maximise opportunities.
- B. continually improve the project teams' efficiency.
- C. manage variations in a controlled way
- D. adapt the plan to resolve problems.
Answer: D
NEW QUESTION # 75
What is a likely benefit of re-estimating throughout the project life cycle?
- A. Overall project duration is reduced.
- B. The business case is justified to a greater degree.
- C. The project will be much more economically viable.
- D. Reduction in contingency reserves are achieved.
Answer: D
NEW QUESTION # 76
The value of a risk log lies in its ability to provide:
- A. A. record of all risks, their impact and the actions taken to manage them.
- B. A. structured process for risk management.
- C. A. means of assessing the likelihood and impact of risks.
- D. A. record of the ownership of risk and issue management actions.
Answer: A
NEW QUESTION # 77
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