APM PMQ - Principles of Project Management 2024

What are the five principles of project management professionalism? - correct answer *Breadth* - The APM Body of Knowledge (BoK) defines the knowledge needed to manage any kind of project *Depth* - The APM Competence framework shows the combined knowledge, skill and behavior that a person needs to perform properly in a job or work role *Achievement* - In professional development qualifications *Accountability* - To the APM Code of Processional Conduct (ethics). *Commitment* - to continuing professional development Name the six components of a project? (Six essential questions that need settled). - correct answer 1. *Scope* What are the objectives and scope of the work 2. *Schedule* How long will it take to achieve? 3. *Finance* How are the necessary funds acquired and costs managed? 4. *Risk* What are the threats and opportunities involved? 5. *Quality* How will fitness for purpose of the deliverables and management processes are assured? 6. *Resource* How will the necessary resources be acquired, mobilized and managed? Define the project environment. What key distinction should be made in this area? - correct answer The project environment is the circumstances and conditions within which the project, programme, or portfolio must operate. The distinction should be between internal and external factors Name two key tools to analyse the project environment - correct answer 1. SWOT (strengths, weaknesses, opportunities, threats) 2.) PESTLE (political, economic, social, technological, legal, ecological)