AMP PMQ COMPLETE QUESTIONS AND ANSWERS
2024 UPDATE GET IT 100% RIGHT GRADED A+
Product Breakdown Structure - (correct answer) A hierarchy of all
the products to be produced during a project. Interacted with
throughout whole project life. Used in Comms scope. detailed down to
component level.
Work Breakdown Structure - (correct answer) Defines the hierarchy
of project tasks, subtasks, and work packages. Used to communicate
HOW the PBS is done/achieved. down to Work package level.
Interacted with during Definition, Deployment and Transition phases.
ZOPA - (correct answer) Zone of Possible Agreement
- the space between the seller's walk away point and the buyer's
highest willingness to pay
RACI - (correct answer) A common type of responsibility assignment
matrix that uses Responsible, Accountable, Consulted, and Informed
statuses to define the involvement of stakeholders in project activities.
PESTLE - (correct answer) Political,
Economic,
Social,
Technological,
,Legal,
Environmental.
VUCA - (correct answer) Volatility
Uncertainty
Complexity
Ambiguity
SWOT - (correct answer) Strength, Weakness, Opportunities,
Threats
BATNA - (correct answer) best alternative to a negotiated
agreement
Business as Usual (BAU) - (correct answer) The way the business
operates on a day-to-day basis to achieve its operational objectives and
outputs.
Gate Review - (correct answer) A decision point at the end of each
phase in the linear lifecycle. often a 'Go-NoGo' typeof decision. The
final authority to proceed rests with The Project Sponsor.
Stage Reviews - (correct answer) A review of progress in the current
phase before the Gate Review. During deployment there may be
,multiple Stage Reviews through-out the phase. PM delivers the review
to key stake holders.
post-project review - (correct answer) evaluation of key successes
and failures and lessons learned
Benefits review - (correct answer) Post Project review to evaluate
Performance of the output/product vs pre-project BaU. As this is post
project, then a contracted in PM will usually have left, so this will
become the responsibility of the Sponsor.
Linear Lifecycle - (correct answer) Distinct steps through a project
life - Concept, Definition, Deployment, Transition - common to APM
projects. Also referred to as waterfall, as the project flows between
each section, and doesn't progress until the previous section has
completed.
Iterative Lifecycle - (correct answer) Agile based lifecycle. Has all
steps of the Linear, however the steps can be repeated again and again
as each iteration or cycle develop the product.
Levelling - (correct answer) required due to external constraints.
Focussing on resources available and responding to constraints and
limits, and moving within floats
, Smoothing - (correct answer) time limited. PM choosing to do to be
more efficient. Moving within floats again, but at choice of PM.
Programme Benefits - (correct answer) Effective Prioritisation of
Projects;
Efficient and effective management of resources;
Consistent view of interdependencies between projects and BaU;
Manage risks, issues and change more efficiently;
Effective Comms and consistent reporting/escalation processes;
Looks at bigger picture.
Challenges of Project Management - (correct answer) ORG. Life
cycle is continuous, less obvious where it ends.
COMMS: Prog Mgr empowered to make and communicate decisions.
Comms must be consistent and clear.
MANAGE CHANGE: Project Business Cases must be aligned to
Programme Business Case.
CONFLICT: More Stakeholders and competing objectives and projects.
UNCERTAINTY: Programme requirements not always clear; confusing
and uncertainty for projects.
Project Sponsor - (correct answer) The person who provides the
direction and funding for a project
2024 UPDATE GET IT 100% RIGHT GRADED A+
Product Breakdown Structure - (correct answer) A hierarchy of all
the products to be produced during a project. Interacted with
throughout whole project life. Used in Comms scope. detailed down to
component level.
Work Breakdown Structure - (correct answer) Defines the hierarchy
of project tasks, subtasks, and work packages. Used to communicate
HOW the PBS is done/achieved. down to Work package level.
Interacted with during Definition, Deployment and Transition phases.
ZOPA - (correct answer) Zone of Possible Agreement
- the space between the seller's walk away point and the buyer's
highest willingness to pay
RACI - (correct answer) A common type of responsibility assignment
matrix that uses Responsible, Accountable, Consulted, and Informed
statuses to define the involvement of stakeholders in project activities.
PESTLE - (correct answer) Political,
Economic,
Social,
Technological,
,Legal,
Environmental.
VUCA - (correct answer) Volatility
Uncertainty
Complexity
Ambiguity
SWOT - (correct answer) Strength, Weakness, Opportunities,
Threats
BATNA - (correct answer) best alternative to a negotiated
agreement
Business as Usual (BAU) - (correct answer) The way the business
operates on a day-to-day basis to achieve its operational objectives and
outputs.
Gate Review - (correct answer) A decision point at the end of each
phase in the linear lifecycle. often a 'Go-NoGo' typeof decision. The
final authority to proceed rests with The Project Sponsor.
Stage Reviews - (correct answer) A review of progress in the current
phase before the Gate Review. During deployment there may be
,multiple Stage Reviews through-out the phase. PM delivers the review
to key stake holders.
post-project review - (correct answer) evaluation of key successes
and failures and lessons learned
Benefits review - (correct answer) Post Project review to evaluate
Performance of the output/product vs pre-project BaU. As this is post
project, then a contracted in PM will usually have left, so this will
become the responsibility of the Sponsor.
Linear Lifecycle - (correct answer) Distinct steps through a project
life - Concept, Definition, Deployment, Transition - common to APM
projects. Also referred to as waterfall, as the project flows between
each section, and doesn't progress until the previous section has
completed.
Iterative Lifecycle - (correct answer) Agile based lifecycle. Has all
steps of the Linear, however the steps can be repeated again and again
as each iteration or cycle develop the product.
Levelling - (correct answer) required due to external constraints.
Focussing on resources available and responding to constraints and
limits, and moving within floats
, Smoothing - (correct answer) time limited. PM choosing to do to be
more efficient. Moving within floats again, but at choice of PM.
Programme Benefits - (correct answer) Effective Prioritisation of
Projects;
Efficient and effective management of resources;
Consistent view of interdependencies between projects and BaU;
Manage risks, issues and change more efficiently;
Effective Comms and consistent reporting/escalation processes;
Looks at bigger picture.
Challenges of Project Management - (correct answer) ORG. Life
cycle is continuous, less obvious where it ends.
COMMS: Prog Mgr empowered to make and communicate decisions.
Comms must be consistent and clear.
MANAGE CHANGE: Project Business Cases must be aligned to
Programme Business Case.
CONFLICT: More Stakeholders and competing objectives and projects.
UNCERTAINTY: Programme requirements not always clear; confusing
and uncertainty for projects.
Project Sponsor - (correct answer) The person who provides the
direction and funding for a project
