APM PMQ - Principles of Project
Management Exam Questions and Answers
100% Pass
What are the five principles of project management professionalism? - ANS *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
behaviour 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). - ANS 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? - ANS The project environment is the
circumstances and conditions within which the project, programme, or portfolio must operate.
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The distinction should be between internal and external factors
Name two key tools to analyse the project environment - ANS 1. SWOT (strengths,
weaknesses, opportunities, threats)
2.) PESTLE (political, economic, social, technological, legal, ecological)
Why do projects fail? Offer at least five. - ANS Lack of link between project and
organisational strategy
Lack of clear senior management ownership and leadership
Lack of effective engagement with stakeholders
Lack of skills and proven PM and risk management
Too little attention to breaking development and implementation into manageable steps
Evaluation of proposals driven by initial price, not long term value for money
Lack of understanding of and contact with the supply industry
Lack of effective project team integration between clients, supplier, and supply chain.
i.e. governance and control
What are the six benefits of governance of project management? - ANS COMABS
*C*ompliance
*O*ptimise portfolio
*M*inimise risk
*A*ssure growth
*B*etter decisions
*S*takeholder confidence
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