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Mastering the Basics of Project Management: APM PFQ – Exam Questions with 100% Accurate Answers

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This document contains a complete set of exam-style questions and answers for the APM Project Fundamentals Qualification (PFQ), designed to help students thoroughly understand the basics of project management. Each question is matched with a 100% accurate and verified answer, ensuring you’re prepared for the actual APM PFQ assessment. Ideal for revision and self-testing, this material covers key topics such as project life cycles, roles, planning, and risk management.

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Uploaded on
May 10, 2025
Number of pages
11
Written in
2024/2025
Type
Exam (elaborations)
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MASTERING THE BASICS OF PROJECT
MANAGEMENT: APM PFQ EXAM QUESTIONS
WITH 100% ACCURATE ANSWERS
APM PFQ



STUDYGLOBAL 5/10/25 APM PFQ

, Introduction
This set of questions is designed to assess your understanding of the fundamental principles of project
management in line with the Association for Project Management (APM) Project Fundamentals
Qualification (PFQ). The questions cover key topics including the project lifecycle, roles and
responsibilities, project planning, risk management, quality, and communication. You are encouraged to
read each question carefully and answer to the best of your ability, drawing on your knowledge of APM
concepts and best practices. Good luck!

QUESTIONS:
Define a project - Accurate answers Projects are unique, transient endeavours undertaken to
achieve a desired outcome. Projects bring about change and project management is recognised as the
most efficient way of managing such change.

define project management - Accurate answers Project management is the process by which
projects are defined, planned, monitored, controlled and delivered such that the agreed benefits are
realised.

identify the differences between a project and business as usual - Accurate answers 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 - Accurate answers 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 - Accurate answers - Starting Process - Planning Process -
Monitoring & Control Process - Feedback Process - Closing Process

list the benefits to an organisation of effective project management - Accurate answers - 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 - Accurate answers - 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 - Accurate answers - deliver significant business change - over extensive periods
of time. - programme coordinates a number of projects

define portfolio management - Accurate answers - group of programmes which are being
undertaken for an organization. - ensures that the right programmes and projects are being run - while
maintaining business as usual

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