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APM PFQ Revision NEWEST 2025/2026 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!

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APM PFQ Revision NEWEST 2025/2026 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!

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APM PFQ Revision

Analytical (bottom-up) estimating - ANS-An estimating technique that uses detailed
specifications to estimate time and cost for each product or activity.

At what points in the project are different estimating methods going to be used? - ANS-Different
estimating methods are usually applied at different phases of the life cycle. For example,
comparative estimating could be used during the definition phase to provide broad estimates
with parametric and analytical estimating being used during development when more detail is
available.

Benefit reviews - ANS-establishes whether the planned benefits have been fully or partially
realised. It identifies any shortfalls and why they occurred.

Benefits Management - ANS-The identification, definition, planning, tracking and realisation of
business benefits

Change control in relation to scope management - ANS-Change control is the process that
ensures that all changes are identified, evaluated, approved, rejected or deferred.

Co-ordinator - ANS-Needed to focus on the team's objectives, draw out team members and
delegate work appropriately.

Common characteristics of leaders - ANS-- can-do attitude
- fairness
- persuasive
- common sense
- vision

Communication - ANS-Communication is the means by which information or instructions are
exchanged.
Successful communication occurs when the received message is the same as the transmitted
message.

Comparative/analogous estimating - ANS-Uses information from previous projects making
adjustments based on things like size, complexity and skill levels.

Complete finisher - ANS-Seeks out errors

, Configuration management in relation to scope management - ANS-Encompasses the
administrative activities concerned with the creation, maintenance, controlled change and
quality control of the scope of work.

Continual improvement - ANS-how information provided by quality assurance and quality control
processes is used to drive improvements in efficiency and effectiveness

Cost Breakdown Structure (CBS) - ANS-Used to identify the different types of cost which will be
incurred by the project.

Define the components of the PESTLE acronym - ANS-Political, Economical, Social,
Technological, Legal, Environmental

Define the role of the sponsor and project manager in relation to the business case -
ANS-Project sponsor owns the business case and give direction to the project manager.

Define who is involved in the creation of the project management plan (stakeholders) - ANS-The
PMP is developed and owned by the project manager and approved by the project sponsor.

The governance board review the PMP and project team members take authorship.

Deployment Baseline - ANS-The culmination of all the 'planning' work documented in the PMP

Describe the estimating funnel - ANS-Represents the increasing levels of estimating accuracy
that can be achieved through the phases of the lifecycle.

Describe the use of a risk register - ANS-used to identify and track potential risks in a project.

Cause = requirements will not be finalised on time
Event = delay to the delivery of the work package
Effect = three-week delay to the project

Describe the use of an issue log - ANS-A record of the issues that have occurred on the project.

Typically is it maintained by the project manager and includes things having a significant impact
on the likely project outcome.

Differentiate between an issue and a risk - ANS-Risk - there is a degree of uncertainty in the
event occurring.

An issue - there will not be any uncertainty of the event occurring.

Differentiate between Scope Management within Linear Projects and Iterative Projects - ANS-In
projects with a linear life cycle, the baseline scope of work is defined through a breakdown
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