APM PFQ EXAM 2024 WITH 100% CORRECT ANSWERS

Define a project - correct answer Projects are unique, transient endeavors undertaken to achieve a desired outcome. Projects bring about change and project management is recognized 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 realized. 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