APM PFQ Revision Exam Questions With
Correct Answers
Project |- |CORRECT |ANSWER✔✔-transient |endeavours |that |bring |about |change |to |business-as-
usual
Project |Management |- |CORRECT |ANSWER✔✔-Application |of |processes |and |methods |
throughout |the |project |life |cycle. |The |most |effective |way |to |bring |about |change.
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. |
They |deliver |change |and |have |specific |aims |& |objectives.
Business-As-Usual |uses |the |deliverables |produced |to |provide |on-going |services |in |a |more |
stable |environment. |The |activities |are |repetitive |in |nature, |with |a |constant |team |and |defined |
roles. |Works |within |fixed |time, |cost |and |quality |constraints.
State |the |key |purpose |of |project |management |- |CORRECT |ANSWER✔✔-Projects |are |transient |
endeavours |that |bring |about |change |to |business-as-usual. |Increases |the |chances |of |the |project
|being |delivered |within |the |agreed |time-cost-quality |constraints.
List |the |processes |of |project |management |- |CORRECT |ANSWER✔✔-1. |Starting |
2. |Planning |
3. |Monitoring |& |Control |
4. |Feedback |
5. |Closing
,List |the |benefits |to |an |organisation |of |effective |project |management |- |CORRECT |ANSWER✔✔-
1. |greater |likelihood |of |achieving |desired |result |
2. |utilises |resources |
3. |satisfy |needs |of |stakeholders
List |the |core |components |of |project |management |- |CORRECT |ANSWER✔✔-1. |define |project |
need |
2. |capture |requirements |
3. |prepare |business |case
4. |secure |funding |
5. |develop |management |plan |
6. |lead |team |
7. |manage |risks
8. |monitor |progress
9. |manage |budget |
10. |maintain |communication |
11. |close |the |project
Programme |- |CORRECT |ANSWER✔✔-A |unique, |transient |strategic |endeavour |undertaken |to |
achieve |beneficial |change |and |incorporating |a |group |of |related |projects |and |business-as-usual |
(steady-state) |activities.
Portfolio |- |CORRECT |ANSWER✔✔-A |group |of |projects |and |programs |carried |out |within |an |
organisation
, Portfolio |Management |- |CORRECT |ANSWER✔✔-The |selection, |prioritisation |and |control |of |an |
organisation's |projects |and |programmes |in |line |with |its |strategic |objectives |and |capacity |to |
deliver.
What |is |programme |and |portfolio |management's |relationship |with |project |management |- |
CORRECT |ANSWER✔✔-Must |constantly |review |the |balance |of |investment |and |benefit, |
creating |and |closing |projects |and |programmes |as |necessary
Define |the |components |of |the |PESTLE |acronym |- |CORRECT |ANSWER✔✔-Political, |Economical, |
Social, |Technological, |Legal, |Environmental
Why |might |PESTLE |be |used |- |CORRECT |ANSWER✔✔-- |Helps |the |project |manager |to |
understand |the |external |factors |that |may |impact |the |definition |and |delivery |of |a |project. |
- |Could |inform |decision |making |and |anticipate |changes |or |factors |that |may |affect |successful |
project |delivery.
- |Helps |to |identify |risks |or |constraints |that |may |shape |the |definition |and |planning |of |the |
project.
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.
State |the |phases |of |a |typical |linear |PLC |- |CORRECT |ANSWER✔✔-1. |Concept |- |develop |initial |
idea |into |a |concrete |proposition |(outline |business |case).
2. |Definition |- |design |and |plan |the |proposition |with |risks, |costs |and |timescales.
3. |Deployment |- |build |the |product. |Work |in |this |phase |is |subject |to |change |control, |where |a |
change |to |what |has |been |agreed |can |be |considered.
4. |Transition |- |hand |over |the |product |that |you've |built |to |those |who |will |use |it, |and |they |
formally |give |acceptance
Correct Answers
Project |- |CORRECT |ANSWER✔✔-transient |endeavours |that |bring |about |change |to |business-as-
usual
Project |Management |- |CORRECT |ANSWER✔✔-Application |of |processes |and |methods |
throughout |the |project |life |cycle. |The |most |effective |way |to |bring |about |change.
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. |
They |deliver |change |and |have |specific |aims |& |objectives.
Business-As-Usual |uses |the |deliverables |produced |to |provide |on-going |services |in |a |more |
stable |environment. |The |activities |are |repetitive |in |nature, |with |a |constant |team |and |defined |
roles. |Works |within |fixed |time, |cost |and |quality |constraints.
State |the |key |purpose |of |project |management |- |CORRECT |ANSWER✔✔-Projects |are |transient |
endeavours |that |bring |about |change |to |business-as-usual. |Increases |the |chances |of |the |project
|being |delivered |within |the |agreed |time-cost-quality |constraints.
List |the |processes |of |project |management |- |CORRECT |ANSWER✔✔-1. |Starting |
2. |Planning |
3. |Monitoring |& |Control |
4. |Feedback |
5. |Closing
,List |the |benefits |to |an |organisation |of |effective |project |management |- |CORRECT |ANSWER✔✔-
1. |greater |likelihood |of |achieving |desired |result |
2. |utilises |resources |
3. |satisfy |needs |of |stakeholders
List |the |core |components |of |project |management |- |CORRECT |ANSWER✔✔-1. |define |project |
need |
2. |capture |requirements |
3. |prepare |business |case
4. |secure |funding |
5. |develop |management |plan |
6. |lead |team |
7. |manage |risks
8. |monitor |progress
9. |manage |budget |
10. |maintain |communication |
11. |close |the |project
Programme |- |CORRECT |ANSWER✔✔-A |unique, |transient |strategic |endeavour |undertaken |to |
achieve |beneficial |change |and |incorporating |a |group |of |related |projects |and |business-as-usual |
(steady-state) |activities.
Portfolio |- |CORRECT |ANSWER✔✔-A |group |of |projects |and |programs |carried |out |within |an |
organisation
, Portfolio |Management |- |CORRECT |ANSWER✔✔-The |selection, |prioritisation |and |control |of |an |
organisation's |projects |and |programmes |in |line |with |its |strategic |objectives |and |capacity |to |
deliver.
What |is |programme |and |portfolio |management's |relationship |with |project |management |- |
CORRECT |ANSWER✔✔-Must |constantly |review |the |balance |of |investment |and |benefit, |
creating |and |closing |projects |and |programmes |as |necessary
Define |the |components |of |the |PESTLE |acronym |- |CORRECT |ANSWER✔✔-Political, |Economical, |
Social, |Technological, |Legal, |Environmental
Why |might |PESTLE |be |used |- |CORRECT |ANSWER✔✔-- |Helps |the |project |manager |to |
understand |the |external |factors |that |may |impact |the |definition |and |delivery |of |a |project. |
- |Could |inform |decision |making |and |anticipate |changes |or |factors |that |may |affect |successful |
project |delivery.
- |Helps |to |identify |risks |or |constraints |that |may |shape |the |definition |and |planning |of |the |
project.
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.
State |the |phases |of |a |typical |linear |PLC |- |CORRECT |ANSWER✔✔-1. |Concept |- |develop |initial |
idea |into |a |concrete |proposition |(outline |business |case).
2. |Definition |- |design |and |plan |the |proposition |with |risks, |costs |and |timescales.
3. |Deployment |- |build |the |product. |Work |in |this |phase |is |subject |to |change |control, |where |a |
change |to |what |has |been |agreed |can |be |considered.
4. |Transition |- |hand |over |the |product |that |you've |built |to |those |who |will |use |it, |and |they |
formally |give |acceptance
