APM PMQ TEST PAPER 2025/2026 QUESTIONS WITH
ANSWERS RATED A+
✔✔How do you calculate Earned Value (EV)? - ✔✔EV= %complete x Budget at
completion
✔✔How do you calculate Cost Variance (CV)? - ✔✔CV= Earned Value - Actual Costs
✔✔How do you calculate Schedule Variance (SV)? - ✔✔SV= Earned Value - Planned
Costs
✔✔How do you calculate Cost Performance Index (CPI)? - ✔✔CPI = Earned Value /
Actual Costs
✔✔How do you calculate Schedule Performance Index (SPI)? - ✔✔SPI = Earned Value
/ Planned Costs
✔✔How do you calculate Estimate at completion - cost (EACc)? - ✔✔EACc= Budget at
Completion/Cost Performance Index
✔✔How do you calculate Estimate at completion - time (EACt)? - ✔✔EACt= Planned
Duration/Schedule Performance Index
✔✔What does Earned Value Management tell you? - ✔✔- Schedule
- Efficiency
- Time to completion
- Spend
- Cost to completion
- Actual forecast cost
- Variance at completion
✔✔What are the benefits of using Earned Value Management? - ✔✔- Reporting
- Estimating errors
- Forecasting
- Justify corrective action
- Justify early termination
✔✔What are 3 types of estimating tool? - ✔✔- Comparative
- Bottoms Up
- Parametric
✔✔What is Comparative estimating? - ✔✔Uses historical data to provide current
estimations
, ✔✔What is Bottoms up estimating? - ✔✔Detailed estimate produced for each work
package and then rolled-up throughout the WBS
✔✔What is parametric estimating? - ✔✔Uses statistical modelling software to produce
overall estimates for time and cost
✔✔What are problems with estimating? - ✔✔- Optimisim/Pessimism
- Social/Political Pressure
- Experience
- Unclear Scope
- Source data
✔✔What does the PMP contain? - ✔✔- Background and objectives
- Scope
- Deliverables
- Acceptance Criteria
- Success Criteria
- Project Constraints
- Risks and Assumptions
- Critical Success Factors
- Schedule/time and resource/cost baselines
✔✔What is the document management process? - ✔✔- Creation
- Review
- Approval
- Release
- Update
✔✔What are the steps in the benefits management process? - ✔✔- Define BM Plan
- Identify and Structure Benefits
- Plan benefits realisation
- Implement the change
- Realise the benefits
✔✔Team Dynamics model - Name the steps within Tuckman's stages of development
of a team model - ✔✔- Forming
- Storming
- Norming
- Performing
- Adjourning
✔✔What are the characteristics of an effective team? - ✔✔- Shared Aims
- Trust
- Communication
- Shared Skills
ANSWERS RATED A+
✔✔How do you calculate Earned Value (EV)? - ✔✔EV= %complete x Budget at
completion
✔✔How do you calculate Cost Variance (CV)? - ✔✔CV= Earned Value - Actual Costs
✔✔How do you calculate Schedule Variance (SV)? - ✔✔SV= Earned Value - Planned
Costs
✔✔How do you calculate Cost Performance Index (CPI)? - ✔✔CPI = Earned Value /
Actual Costs
✔✔How do you calculate Schedule Performance Index (SPI)? - ✔✔SPI = Earned Value
/ Planned Costs
✔✔How do you calculate Estimate at completion - cost (EACc)? - ✔✔EACc= Budget at
Completion/Cost Performance Index
✔✔How do you calculate Estimate at completion - time (EACt)? - ✔✔EACt= Planned
Duration/Schedule Performance Index
✔✔What does Earned Value Management tell you? - ✔✔- Schedule
- Efficiency
- Time to completion
- Spend
- Cost to completion
- Actual forecast cost
- Variance at completion
✔✔What are the benefits of using Earned Value Management? - ✔✔- Reporting
- Estimating errors
- Forecasting
- Justify corrective action
- Justify early termination
✔✔What are 3 types of estimating tool? - ✔✔- Comparative
- Bottoms Up
- Parametric
✔✔What is Comparative estimating? - ✔✔Uses historical data to provide current
estimations
, ✔✔What is Bottoms up estimating? - ✔✔Detailed estimate produced for each work
package and then rolled-up throughout the WBS
✔✔What is parametric estimating? - ✔✔Uses statistical modelling software to produce
overall estimates for time and cost
✔✔What are problems with estimating? - ✔✔- Optimisim/Pessimism
- Social/Political Pressure
- Experience
- Unclear Scope
- Source data
✔✔What does the PMP contain? - ✔✔- Background and objectives
- Scope
- Deliverables
- Acceptance Criteria
- Success Criteria
- Project Constraints
- Risks and Assumptions
- Critical Success Factors
- Schedule/time and resource/cost baselines
✔✔What is the document management process? - ✔✔- Creation
- Review
- Approval
- Release
- Update
✔✔What are the steps in the benefits management process? - ✔✔- Define BM Plan
- Identify and Structure Benefits
- Plan benefits realisation
- Implement the change
- Realise the benefits
✔✔Team Dynamics model - Name the steps within Tuckman's stages of development
of a team model - ✔✔- Forming
- Storming
- Norming
- Performing
- Adjourning
✔✔What are the characteristics of an effective team? - ✔✔- Shared Aims
- Trust
- Communication
- Shared Skills
