Page 1 of 25
APM PFQ EXAM PRACTICE QUESTIONS AND
ANSWERS FOR EXAM PREPARATION
Terms in this set (99) Q & A
>> Why do projects fail?
- answer- Lack of communication
Bad stakeholder management
People not onboard - demotivated team
Scope creep/unclear scope/poor change control
Poor risk management
Poor budget planning/resource management
Unreliable estimates
Unclear start/end of project
Lack of monitoring and control
>> What is a project?
- answer- A unique, transient endeavour to bring about change and to achieve planned
objectives.
A project has defined start and end points, specific objectives and specific resources allocated.
, Page 2 of 25
>> What is project management?
- answer- The application of processes, methods, knowledge, skills, and experience to achieve
specific objectives for change
>> What are the differences between projects and business as usual?
- answer- Project
Change
Risk aware
Objective/deliverable
Variable/flexible constraints (resources, cost, time, quality)
Defined start/end
Unique
BAU
Status Quo
Risk averse
Maintain existing functions
Fixed constraints
Ongoing
Repetitive
, Page 3 of 25
>> When are levels of risk highest on a project?
- answer- At the start
>> What are the main constraints on a project?
- answer- Time, cost, quality (and scope)
>> What is a programme?
- answer- A unique, transient, strategic endeavour undertaken to achieve beneficial change
and incorporating a group of related and business-as-usual activities
A programme is a collection of projects.
It focuses on the iterative delivery of outcomes and benefits and manages the transition of
the outputs from projects into BAU
>> What is programme management?
- answer- The coordinated management of projects and business-as-usual activities to achieve
beneficial change
>> What is a portfolio?
- answer- A collection of projects and/or programmes used to structure and manage
investments at an organisational or functional level to optimise strategic benefits or
operational efficiency
APM PFQ EXAM PRACTICE QUESTIONS AND
ANSWERS FOR EXAM PREPARATION
Terms in this set (99) Q & A
>> Why do projects fail?
- answer- Lack of communication
Bad stakeholder management
People not onboard - demotivated team
Scope creep/unclear scope/poor change control
Poor risk management
Poor budget planning/resource management
Unreliable estimates
Unclear start/end of project
Lack of monitoring and control
>> What is a project?
- answer- A unique, transient endeavour to bring about change and to achieve planned
objectives.
A project has defined start and end points, specific objectives and specific resources allocated.
, Page 2 of 25
>> What is project management?
- answer- The application of processes, methods, knowledge, skills, and experience to achieve
specific objectives for change
>> What are the differences between projects and business as usual?
- answer- Project
Change
Risk aware
Objective/deliverable
Variable/flexible constraints (resources, cost, time, quality)
Defined start/end
Unique
BAU
Status Quo
Risk averse
Maintain existing functions
Fixed constraints
Ongoing
Repetitive
, Page 3 of 25
>> When are levels of risk highest on a project?
- answer- At the start
>> What are the main constraints on a project?
- answer- Time, cost, quality (and scope)
>> What is a programme?
- answer- A unique, transient, strategic endeavour undertaken to achieve beneficial change
and incorporating a group of related and business-as-usual activities
A programme is a collection of projects.
It focuses on the iterative delivery of outcomes and benefits and manages the transition of
the outputs from projects into BAU
>> What is programme management?
- answer- The coordinated management of projects and business-as-usual activities to achieve
beneficial change
>> What is a portfolio?
- answer- A collection of projects and/or programmes used to structure and manage
investments at an organisational or functional level to optimise strategic benefits or
operational efficiency
