APM PMQ EXAM || A+ Guaranteed.
What should a business case include? correct answers B - Background
O - Options
B- Benefits
CA - Commercial Aspects
R - Risks
T - Timescales
What are the 5 aspects of the PRAM? correct answers Initiate
Identify
Assess
Plan responses
Implement responses
What are the 5 phases in the extended project life cycle? correct answers Concept
Definition
Development
Handover and Closure
Operations
Who are potential stakeholders within a project? correct answers Project Sponsor
Project Team
Users
Suppliers
Customers
Senior Management
What are the 5 steps within the information management process? correct answers Collection
Storage
Dissemination
Archiving
Destruction
What are the steps of the requirements management process? correct answers Capture
Analyse
Justify
Baseline
What are the steps of the change control process? correct answers - Submit Change Request
- Review viability of taking request further
- Assessment of feasibility and impact of the proposed change
- Decision
What are potential sources of change? correct answers Internal:
- Technical Error
- Incorrect Estimate
- Resourcing Issues
External:
, - Business Justification
- Requirements change
- Technology/Market Shift
What is the requirements model? correct answers Business Need (Why)
Features (How)
Requirements (What)
Acceptance Criteria
What are the steps of the configuration management process? correct answers Planning
Identification
Control
Status Accounting
Audit
What are 2 types of breakdown structure? correct answers Work Breakdown Structure (WBS)
Product Breakdown Structure (PBS)
What is a Work Breakdown Structure (WBS)? correct answers a comprehensive list of all
activities needed to complete a project.
What is a Product Breakdown Structure (PBS)? correct answers This focuses on the
deliverables that are needed to deliver the project. This can be broken down further into tasks
within a WBS.
What are 5 types of report? correct answers Progress
Quality
Risk
Finance
Audit
What are 3 types of investment appraisal? correct answers Net present value (NPV)
Payback
Internal Rate of Return (IRR)
What are the steps of the stakeholder management process? correct answers Identify
Assess
Develop
Engage
How do you calculate Earned Value (EV)? correct answers EV= %complete x Budget at
completion
How do you calculate Cost Variance (CV)? correct answers CV= Earned Value - Actual
Costs
How do you calculate Schedule Variance (SV)? correct answers SV= Earned Value - Planned
Costs
What should a business case include? correct answers B - Background
O - Options
B- Benefits
CA - Commercial Aspects
R - Risks
T - Timescales
What are the 5 aspects of the PRAM? correct answers Initiate
Identify
Assess
Plan responses
Implement responses
What are the 5 phases in the extended project life cycle? correct answers Concept
Definition
Development
Handover and Closure
Operations
Who are potential stakeholders within a project? correct answers Project Sponsor
Project Team
Users
Suppliers
Customers
Senior Management
What are the 5 steps within the information management process? correct answers Collection
Storage
Dissemination
Archiving
Destruction
What are the steps of the requirements management process? correct answers Capture
Analyse
Justify
Baseline
What are the steps of the change control process? correct answers - Submit Change Request
- Review viability of taking request further
- Assessment of feasibility and impact of the proposed change
- Decision
What are potential sources of change? correct answers Internal:
- Technical Error
- Incorrect Estimate
- Resourcing Issues
External:
, - Business Justification
- Requirements change
- Technology/Market Shift
What is the requirements model? correct answers Business Need (Why)
Features (How)
Requirements (What)
Acceptance Criteria
What are the steps of the configuration management process? correct answers Planning
Identification
Control
Status Accounting
Audit
What are 2 types of breakdown structure? correct answers Work Breakdown Structure (WBS)
Product Breakdown Structure (PBS)
What is a Work Breakdown Structure (WBS)? correct answers a comprehensive list of all
activities needed to complete a project.
What is a Product Breakdown Structure (PBS)? correct answers This focuses on the
deliverables that are needed to deliver the project. This can be broken down further into tasks
within a WBS.
What are 5 types of report? correct answers Progress
Quality
Risk
Finance
Audit
What are 3 types of investment appraisal? correct answers Net present value (NPV)
Payback
Internal Rate of Return (IRR)
What are the steps of the stakeholder management process? correct answers Identify
Assess
Develop
Engage
How do you calculate Earned Value (EV)? correct answers EV= %complete x Budget at
completion
How do you calculate Cost Variance (CV)? correct answers CV= Earned Value - Actual
Costs
How do you calculate Schedule Variance (SV)? correct answers SV= Earned Value - Planned
Costs
