Question No. 1

Which of the following statements about estimating is true?

APost project reviews are a prime source of estimating data.

BAn estimated cost for a project must be 10 per cent to be any use

CIf you cannot estimate task durations to within 20 per cent there is no point in developing a schedule.

DThe project manager should always add 10 cent to peoples duration estimates to allow for natural optimism

Show Answer

Correct Answer: A

Question No. 2

Risk management should be initiated...

Awhen the Project Management Plan is initiated.

Bat the time the Work Breakdown Structure is developed.

Cat the start of the project.

Donce the project concept is understood.

Show Answer

Correct Answer: C

Question No. 3

Which of the following is an activity in a typical risk management process?

AVerification.

BRequest.

CClosure.

DJustification

Show Answer

Correct Answer: C

Question No. 4

Which one of the following statements best describes a project?

AA project is a set of tools and techniques often used when delivering organisational change.

BA project is the sum of activities needed to remove uncertainty from a unique piece of work.

CA unique transient endeavour undertaken to achieve a desired outcome.

DA project is a method of planning work.

Show Answer

Correct Answer: C

Question No. 5

How does having a business case help an organisation?

AIt provides a documented account of the decisions that have been made and by whom in the planning of the project's finances, ensuring the project's compliance with recognized governance standards

BIt provides an overview of how the project will deliver the scheduled progress over the period agreed between the project manager, sponsor and other key stakeholders associated with the project.

CIt provides a means by which the sponsor can monitor the project manager's performance in relation to the plans documented in the business case and highlight points at which a change of project manager may be necessary.

DIt provides a recognized framework by which project spending proposals can be recorded, reviewed and audited to learn lessons about how efficiently the organisation is deploying funds to achieve its targeted returns.

Show Answer

Correct Answer: D

Free APM APM-PFQ Exam Actual Questions

The questions for APM-PFQ were last updated On Nov 17, 2024