APM PFQ EXAM QUESTIONS WITH COMPLETE SOLUTIONS.

APM PFQ EXAM QUESTIONS WITH
COMPLETE SOLUTIONS

Define |a |project |- |CORRECT |ANSWER✔✔-Projects |are |unique, |transient |endeavours |
undertaken |to |achieve |a |desired |outcome. |Projects |bring |about |change |and |project |
management |is |recognised |as |the |most |efficient |way |of |managing |such |change.



define |project |management |- |CORRECT |ANSWER✔✔-Project |management |is |the |process |by |
which |projects |are |defined, |planned, |monitored, |controlled |and |delivered |such |that |the |
agreed |benefits |are |realised.



identify |the |differences |between |a |project |and |business |as |usual |- |CORRECT |ANSWER✔✔-
Projects |involve |uncertainty, |require |a |special |team |and |operate |in |a |dynamic |environment. |
Business-As-Usual |uses |the |deliverables |produced |to |provide |on-going |services |in |a |more |
stable |environment.



state |the |key |purpose |of |project |management |- |CORRECT |ANSWER✔✔-Project |management |is
|used |to |define, |plan, |monitor |and |control |the |projects |in |order |to |enable |the |business |


benefits |to |be |realised.



list |the |processes |of |project |management |- |CORRECT |ANSWER✔✔-- |Starting |Process |- |
Planning |Process |- |Monitoring |& |Control |Process |- |Feedback |Process |- |Closing |Process



list |the |benefits |to |an |organisation |of |effective |project |management |- |CORRECT |ANSWER✔✔-- |
greater |likelihood |of |achieving |the |desired |result |- |efficient |and |best |value |use |of |resources |- |
satisfying |the |needs |of |stakeholders

, list |the |core |components |of |project |management |- |CORRECT |ANSWER✔✔-- |define |project |
need |- |capture |requirements |- |prepare |business |case |- |secure |funding |- |develop |management |
plan |- |lead |team |- |manage |risks |- |monitor |progress |- |manage |budget |- |maintain |
communication |- |close |the |project



define |programme |- |CORRECT |ANSWER✔✔-- |deliver |significant |business |change |- |over |
extensive |periods |of |time. |- |programme |coordinates |a |number |of |projects



define |portfolio |management |- |CORRECT |ANSWER✔✔-- |group |of |programmes |which |are |being
|undertaken |for |an |organization. |- |ensures |that |the |right |programmes |and |projects |are |being |


run |- |while |maintaining |business |as |usual



define |benefits |management |- |CORRECT |ANSWER✔✔-Benefits |are |defined |as |the |quantifiable |
and |measurable |improvement |resulting |from |completion |of |deliverables |that |is |perceived |as |
positive |by |a |stakeholder. |It |will |normally |have |a |tangible |value, |expressed |in |monetary |terms |
that |will |justify |the |investment.



define |the |term |project |environment |- |CORRECT |ANSWER✔✔-The |circumstances |and |
conditions |within |which |the |project, |programme |or |portfolio |must |operate.



define |the |components |of |the |PESTLE |acronym |- |CORRECT |ANSWER✔✔-Political, |Economical, |
Social, |Technological, |Legal, |Environmental



define |the |term |project |life |cycle |- |CORRECT |ANSWER✔✔-The |inter-related |phases |of |a |
project, |programme |or |portfolio |and |provides |a |structure |for |governing |the |progression |of |
work.



define |stakeholders |and |stakeholder |management |and |explain |why |stakeholder |analysis |is |
important. |- |CORRECT |ANSWER✔✔-Stakeholders |are |defined |as |any |person |or |group |that |has |
a |vested |interest |or |"stake" |in |the |project. |Stakeholder |management |involves |identifying |the |
stakeholders, |understanding |their |position |and |their |needs |and |communicating |effectively |with