APM PMQ Exam revision Bok7 2025 Revised
Latest Update 2025-2026 270 Questions and
100% Verified Correct Answers Guaranteed A+
4 types of project cost: - CORRECT ANSWER: • Direct
• Indirect
• Fixed
• Variable
A project risk is defined as.... - CORRECT ANSWER: The exposure of stakeholders to
the consequences of variations in outcome. It is the overall risk affecting the whole
project, defined by components associated with risk events, other sources of uncertainty
and associated dependencies , to be managed at a strategic level.
A risk event is defined as.... - CORRECT ANSWER: An uncertain event or set of
circumstances that should it occur will have an effect on the achievement of one or
more project objectives.
Advantages of project management software - CORRECT ANSWER: Excellent
reporting tool
What-if analysis
Progress tracking
Quick calculations
Are all project management processes linear? e.g. completed once and not repeated? -
CORRECT ANSWER: No some may be constantly repeated throughout the project e.g.
estimation of project budget, or updating of business case, re-baselining of
requirements, ongoing risk management.
,Areas of law to consider - CORRECT ANSWER: Health and Safety
Employment
Contract
Data protection
Freedom of information
Arguments against the use of EVM - CORRECT ANSWER: Requires frequent
information on costs
Forecasts are based on no corrective action
Can lead to a lack of focus on quality
Oversimplified
Doesn't work for some project methods (agile)
Barriers affecting communication - CORRECT ANSWER: Clarity of ideas
Purpose
Environment
Background
Delivery
Body Language
Baseline budget - CORRECT ANSWER: • Everything is reported and measured against
the baseline
• Allows expectation of project spending
Baseline project budget structure - CORRECT ANSWER: • Project budget
• 2 X Reserves
• Cost Baseline
• Control Accounts
,• Work Package estimates
• Activity estimates
Benefits Management - CORRECT ANSWER: The identification, definition, planning,
tracking and realisation of business benefits
Benefits of a formal communications plan - CORRECT ANSWER: Understanding of
roles and responsibilities
Reduced potential for conflict due to misunderstanding
Enhanced confidence within project team and stakeholders
Consistent transfer of project information
Higher sense of ownership and commitment within the team
Benefits of a project lifecycle - CORRECT ANSWER: Consistency
High Level Planning.More effective planning
Go/no go decisions.Improved decision-making
Phase end reviews.Improved governance
Manage funding
Lesson Learned. Improved communication
Management focus on the early phases
Benefits of a project review - CORRECT ANSWER: • Allow for more informed decision-
making
• Increases stakeholder confidence
• Allow for timely implementation of corrective action
• Allows for an objective review of the project health
• Sharing of lessons learned
, • Increased chance of project success
• Rigorous governance
Benefits of EVM - CORRECT ANSWER: Useful for monitoring, tracking and
reforecasting cost and schedule, and for paying suppliers on the basis of work done.
Simpler project reporting (KPIs)
Highlight estimating errors
Facilitate forecasting of cost and time
Facilitates tighter controls of direct costs
Help justify corrective action
Identifies where early termination of project is required
Benefits of governance - CORRECT ANSWER: Clear reporting and escalation criteria
Independent audits and reviews
Empowerment to make appropiate decisions
Culture of improvement and disclosure
Engaged and more trusting stakeholders
Assures stakeholders
Achieve return on investment. Optimisation of investment.
Resource usage justified.
No unacceptable risks.
Avoidance of common failures
Better communication
Delivery credibility
Minimising risk
Regulatory compliance
Latest Update 2025-2026 270 Questions and
100% Verified Correct Answers Guaranteed A+
4 types of project cost: - CORRECT ANSWER: • Direct
• Indirect
• Fixed
• Variable
A project risk is defined as.... - CORRECT ANSWER: The exposure of stakeholders to
the consequences of variations in outcome. It is the overall risk affecting the whole
project, defined by components associated with risk events, other sources of uncertainty
and associated dependencies , to be managed at a strategic level.
A risk event is defined as.... - CORRECT ANSWER: An uncertain event or set of
circumstances that should it occur will have an effect on the achievement of one or
more project objectives.
Advantages of project management software - CORRECT ANSWER: Excellent
reporting tool
What-if analysis
Progress tracking
Quick calculations
Are all project management processes linear? e.g. completed once and not repeated? -
CORRECT ANSWER: No some may be constantly repeated throughout the project e.g.
estimation of project budget, or updating of business case, re-baselining of
requirements, ongoing risk management.
,Areas of law to consider - CORRECT ANSWER: Health and Safety
Employment
Contract
Data protection
Freedom of information
Arguments against the use of EVM - CORRECT ANSWER: Requires frequent
information on costs
Forecasts are based on no corrective action
Can lead to a lack of focus on quality
Oversimplified
Doesn't work for some project methods (agile)
Barriers affecting communication - CORRECT ANSWER: Clarity of ideas
Purpose
Environment
Background
Delivery
Body Language
Baseline budget - CORRECT ANSWER: • Everything is reported and measured against
the baseline
• Allows expectation of project spending
Baseline project budget structure - CORRECT ANSWER: • Project budget
• 2 X Reserves
• Cost Baseline
• Control Accounts
,• Work Package estimates
• Activity estimates
Benefits Management - CORRECT ANSWER: The identification, definition, planning,
tracking and realisation of business benefits
Benefits of a formal communications plan - CORRECT ANSWER: Understanding of
roles and responsibilities
Reduced potential for conflict due to misunderstanding
Enhanced confidence within project team and stakeholders
Consistent transfer of project information
Higher sense of ownership and commitment within the team
Benefits of a project lifecycle - CORRECT ANSWER: Consistency
High Level Planning.More effective planning
Go/no go decisions.Improved decision-making
Phase end reviews.Improved governance
Manage funding
Lesson Learned. Improved communication
Management focus on the early phases
Benefits of a project review - CORRECT ANSWER: • Allow for more informed decision-
making
• Increases stakeholder confidence
• Allow for timely implementation of corrective action
• Allows for an objective review of the project health
• Sharing of lessons learned
, • Increased chance of project success
• Rigorous governance
Benefits of EVM - CORRECT ANSWER: Useful for monitoring, tracking and
reforecasting cost and schedule, and for paying suppliers on the basis of work done.
Simpler project reporting (KPIs)
Highlight estimating errors
Facilitate forecasting of cost and time
Facilitates tighter controls of direct costs
Help justify corrective action
Identifies where early termination of project is required
Benefits of governance - CORRECT ANSWER: Clear reporting and escalation criteria
Independent audits and reviews
Empowerment to make appropiate decisions
Culture of improvement and disclosure
Engaged and more trusting stakeholders
Assures stakeholders
Achieve return on investment. Optimisation of investment.
Resource usage justified.
No unacceptable risks.
Avoidance of common failures
Better communication
Delivery credibility
Minimising risk
Regulatory compliance
