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Pass the APM Project Fundamentals Qualification APM-PFQ Questions and answers with ValidTests

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Questions # 31:

The risk management process is concerned with managing which of the following?

Options:

A.

Threats and opportunities.

B.

Risks and issues.

C.

Issues that have arisen.

D.

Risk events with negative impact.

Expert Solution
Questions # 32:

The phases of a project life cycle are:

Options:

A.

starting, planning, control and closing.

B.

concept, definition, development, handover and closure.

C.

initiation, definition, planning, monitoring and operations.

D.

concept, definition, implementation and operations.

Expert Solution
Questions # 33:

How is 'quality' best defined?

Options:

A.

The process of evaluating overall project performance on a regular basis to provide confidence that the project will satisfy the relevant quality standards.

B.

The fitness for purpose or the degree of conformance of the outputs of a process or the process itself to requirements.

C.

A. discipline for ensuring the outputs, benefits and the processes by which they are delivered meet stakeholder requirements and are fit for purpose.

D.

The satisfaction of stakeholder needs measured by the success criteria as identified and agreed at the start of the project.

Expert Solution
Questions # 34:

Which of the following are documented in a risk register?

1) Analysis

2) Priority

3) Ownership

4) Responses

Options:

A.

1, 3 and 4

B.

1, 2 and 4

C.

1, 2 and 3

D.

2, 3 and 4

Expert Solution
Questions # 35:

Which one of the following is a valid project Key Performance Indicator (KPI)?

Options:

A.

Staff appraisals.

B.

Management buy in.

C.

Milestone achievement.

D.

Master schedule.

Expert Solution
Questions # 36:

An Organisational Breakdown Structure (OBS) is used to identify:

Options:

A.

the reporting structure and current availability of all individuals in the project.

B.

technical ability and line of communication for all individuals in the project.

C.

lines of communication and responsibility for all the individual managers in the project.

D.

the reporting structure and lines of communication for all individuals in the projects.

Expert Solution
Questions # 37:

Configuration management can be used to control documents, information and:

Options:

A.

users.

B.

audits.

C.

stakeholders.

D.

assets.

Expert Solution
Questions # 38:

The combination of which two structures creates the responsibility assignment matrix (RAM)?

Options:

A.

OBS and CBS.

B.

OBS and WBS.

C.

PBS and CBS.

D.

WBS and CBS.

Expert Solution
Questions # 39:

Establishing success criteria is important at the start of the project, as they:

Options:

A.

indicate how the stakeholder needs will be met.

B.

ensure adequate resource allocation.

C.

indicate what is important in supplier selection.

D.

ensure comprehensive risk analysis.

Expert Solution
Questions # 40:

The accuracy of an estimate should:

Options:

A.

decrease as a project progresses through its lifecycle.

B.

increase as a project progresses through its lifecycle.

C.

stay constant throughout the project.

D.

vary independently of where the project is in its lifecycle

Expert Solution
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