Apm pmq stuvia Study guides, Class notes & Summaries

6.1 explain the importance of a business case throughout the project life cycle - Answer Justification for undertaking a project Evaluates benefits, cost, risk preferred option and alternative options. Owned by the sponsor who makes sure it remains viable. Concept - Written Definition - Used as basis for the PMP, can be updated once PMP is complete. Deployment - analysis of change requests and viability at decision gates. Transition - assess whether achieved success criteria in busin...

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What should a business case include? - ANSWER-B - Background O - Options B- Benefits CA - Commercial Aspects R - Risks T - Timescales What are the 5 aspects of the PRAM? - ANSWER-Initiate Identify Assess Plan responses Implement responses What are the 5 phases in the extended project life cycle? - ANSWER-Concept Definition Development Handover and Closure Operations Who are potential stakeholders within a project? - ANSWER-Project Sponsor Project Team Users Suppliers...

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APM PMQ Exam Questions and Answers 100% Correct APM PMQ Exam Questions and Answers 100% Correct APM PMQ Exam Questions and Answers 100% Correct APM PMQ Exam Questions and Answers 100% Correct MoSCoW - ANSWER-Must have Should have Could have Won't have PESTLE - ANSWER-Political Economic Social Technical Legal Environmental Sources of Conflict - ANSWER-Admin procedures

APM PMQ - Project Delivery (Estimating Schedule & Resource Optimisation Conflict Mgmt Negotiation Knowledge And Info Mgmt Earned Value Mgmt) Complete Solutions(rated A)APM PMQ - Project Delivery (Estimating Schedule & Resource Optimisation Conflict Mgmt Negotiation Knowledge And Info Mgmt Earned Value Mgmt) Complete Solutions(rated A)APM PMQ - Project Delivery (Estimating Schedule & Resource Optimisation Conflict Mgmt Negotiation Knowledge And Info Mgmt Earned Value Mgmt) Complete Solutions(rate...

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Business case - definition - Answer A document created and owned by the project sponsor, used to provide justification for carrying out the project. It includes the costs, benefits and risks of the various project options as well as the project objectives, outputs and outcomes. Business case - components (7) - Answer 1. background 2. benefits 3. budgets 4. risks 5. constraints 6. project options 7. any other documents e.g. investment appraisal, PMP Business case - elements (5) ...

Configuration Management process - Status accounting - ANSWER-knowing the status of items, proposed changes and the implementation status of approved changes (Archived records) Risk in a Business case - ANSWER-the major risks and their impact on the business case. What a business case includes? (BOBCART) - ANSWER-Background, Options, Benefits, Commercial Aspects, Risks, Timescales PRAM process - ANSWER-Initiate Identify Assess Plan responses Implement responses Risk management -...

what is estimating - Answer uses different methods to produce a prediction of the time and resources required to complete the scope of the work to the defined quality requirements. when do estimates become more accurate - Answer Throughout the project, it is required for the PM to produce estimates. Estimates are often described as approximations as can never be 100% accurate. The accuracy of the estimate highly depends on the amount of information available throughout the project lifecycle. ...