APM PMQ EXAM QUESTIONS AND ANSWERS (GRADED A)
Configuration Management process - Status accounting - ANSWER-knowing the status of items, proposed changes and the implementation status of approved changes (Archived records)
Risk in a Business case - ANSWER-the major risks and their impact on the business case.
What a business case includes? (BOBCART) - ANSWER-Background, Options, Benefits, Commercial Aspects, Risks, Timescales
PRAM process - ANSWER-Initiate Identify
Assess
Plan responses
Implement responses
Risk management - Initiate - ANSWER-How the risk will be managed? (PMP, Risk management plan)
Risk management - Assess - ANSWER-how risky is each risk (Risk matrix, probability &
impact chart)
Risk management - Identify - ANSWER-Use of Identification methods such as (risk logs,
brainstorming, meetings, Delphi)
Plan responses - ANSWER-is this risk a threat or opportunity to the project? (SWAT Analysis)
Implement - ANSWER-when the risk is added to the project plan, (PMP, risk log, Gannt chart)
Extended project life cycle - ANSWER-Concept
Definition
Development Handover and Closure
Operations
Benefits Realisation Termination Who are potential stakeholders within a project? - ANSWER-Project Sponsor, Project Team, Users , Suppliers, Customers, Senior Management
Information management process - ANSWER-Collection, Storage, Dissemination, Archiving, Destruction
Requirements management process - Capture - ANSWER-is a research exercise undertaken early in a project to establish the scope and what is needed. (brainstorming,
prototypes, archived documentation)
What are the steps of the change control process? - ANSWER-Submit Change, Review change, Assess feasibility and impact, Decision
What is the requirements model? - ANSWER-Business needs, features, requirements, acceptance Criteria
What are the steps of the configuration management process? - ANSWER-Planning, Identification, Control, Status Accounting , Audit
What are 2 types of breakdown structure? - ANSWER-WBS, OBS
What is a Work Breakdown Structure (WBS)? - ANSWER-a comprehensive list of all activities needed to complete a project.
What is a Product Breakdown Structure (PBS)? - ANSWER-focuses on the deliverables
needed to deliver the project. This can be broken down further into tasks within a WBS.
What are 5 types of report? - ANSWER-Progress
Quality
Risk
Finance
Audit
What are 3 types of investment appraisal? - ANSWER-Net present value (NPV)
Payback Internal Rate of Return (IRR)
What are the steps of the stakeholder management process? - ANSWER-Identify Assess Develop Engage
How do you calculate Earned Value (EV)? - ANSWER-EV= %complete x Budget at completion
Configuration Management process - Status accounting - ANSWER-knowing the status of items, proposed changes and the implementation status of approved changes (Archived records)
Risk in a Business case - ANSWER-the major risks and their impact on the business case.
What a business case includes? (BOBCART) - ANSWER-Background, Options, Benefits, Commercial Aspects, Risks, Timescales
PRAM process - ANSWER-Initiate Identify
Assess
Plan responses
Implement responses
Risk management - Initiate - ANSWER-How the risk will be managed? (PMP, Risk management plan)
Risk management - Assess - ANSWER-how risky is each risk (Risk matrix, probability &
impact chart)
Risk management - Identify - ANSWER-Use of Identification methods such as (risk logs,
brainstorming, meetings, Delphi)
Plan responses - ANSWER-is this risk a threat or opportunity to the project? (SWAT Analysis)
Implement - ANSWER-when the risk is added to the project plan, (PMP, risk log, Gannt chart)
Extended project life cycle - ANSWER-Concept
Definition
Development Handover and Closure
Operations
Benefits Realisation Termination Who are potential stakeholders within a project? - ANSWER-Project Sponsor, Project Team, Users , Suppliers, Customers, Senior Management
Information management process - ANSWER-Collection, Storage, Dissemination, Archiving, Destruction
Requirements management process - Capture - ANSWER-is a research exercise undertaken early in a project to establish the scope and what is needed. (brainstorming,
prototypes, archived documentation)
What are the steps of the change control process? - ANSWER-Submit Change, Review change, Assess feasibility and impact, Decision
What is the requirements model? - ANSWER-Business needs, features, requirements, acceptance Criteria
What are the steps of the configuration management process? - ANSWER-Planning, Identification, Control, Status Accounting , Audit
What are 2 types of breakdown structure? - ANSWER-WBS, OBS
What is a Work Breakdown Structure (WBS)? - ANSWER-a comprehensive list of all activities needed to complete a project.
What is a Product Breakdown Structure (PBS)? - ANSWER-focuses on the deliverables
needed to deliver the project. This can be broken down further into tasks within a WBS.
What are 5 types of report? - ANSWER-Progress
Quality
Risk
Finance
Audit
What are 3 types of investment appraisal? - ANSWER-Net present value (NPV)
Payback Internal Rate of Return (IRR)
What are the steps of the stakeholder management process? - ANSWER-Identify Assess Develop Engage
How do you calculate Earned Value (EV)? - ANSWER-EV= %complete x Budget at completion
