1|Page
APM PFQ EXAM 2025 TEST BANK QUESTIONS
AND CORRECT ANSWERS (400+ PROFESSOR
VERIFIED) LATEST VERSION
Portfolio management could best be described as:
a. the coordinated management of related projects, including
related business-as-usual activities.
b. the formal process through which changes to the project
plan are approved and introduced.
c. the identification of the benefits (of a project or program) at
an organizational level and the tracking and realization of
those benefits.
d. the selection and management of all of an organization’s
projects, programs and related business-as-usual activities,
taking into account resource constraints. - ANSWER-D
Which one of the following best describes project management?
a. Using APM's Body of Knowledge 6th edition as a guide to all
projects.
b. Employing a project manager who has undertaken similar
projects.
c. Utilizing team members who can work on a project full time.
d. Application of processes and methods throughout the project
life cycle. - ANSWER-D
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Which structure shows the reporting relationships and
communications channels for a project?
a. Work Breakdown Structure.
b. Organizational Breakdown Structure.
c. Product Breakdown Structure.
d. Responsibility assignment structure. - ANSWER-B
Key performance indicators (KPIs) are used for measuring how
a project is progressing towards success and are monitored by
project managers:
a. at the post-project review.
b. not more frequently than monthly.
c. throughout the project.
d. only when assessing project risk. - ANSWER-C
Which one of the following best characterizes a project?
a. An ongoing activity to maintain the company plant.
b. A transient endeavor carried out to meet specific objectives.
c. Continuous improvement of the company procedures.
d. Manufacturing components for a new technology. -
ANSWER-B
What is meant by the term program management?
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a. The management of a group of projects or activities that
have a common business aim.
b. The line management of a team of program managers.
c. The management of a functional area used by a number of
different projects.
d. The management of the program of activities identified in
the project plan - ANSWER-A
A responsibility assignment matrix (RAM) allows the project
manager to cross reference:
a. the work breakdown structure (WBS) with the
organisational breakdown structure (OBS) to match resources
to the tasks.
b. the organisational breakdown structure (OBS) with the cost
breakdown structure (CBS) to assign a cost to each resource.
c. the product breakdown structure (PBS) with the work
breakdown structure (WBS) to assign activities to the
products.
d. the organisational breakdown structure (OBS) with the
product breakdown structure (PBS) to assign resources to
deliverables. - ANSWER-A
Which one of the following is a valid description of the phases
of a complete project lifecycle?
a. Start-up, feasibility, planning, execution and roll-out.
b. Concept, screening, implementation, handover and closeout.
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c. Concept, definition, implementation, handover and closeout.
d. Start-up, definition, development and production
closedown. - ANSWER-C
The main purpose of configuration management is to:
a. minimise the impact of changes on the scope of the project.
b. ensure that the final product meets the strategic needs of
the business.
c. provide control of the deliverables and avoid mistakes or
misunderstandings.
d. maximise the impact of agreed enhancements on the project
deliverables. - ANSWER-C
The accuracy of an estimate should:
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 -
ANSWER-B
What would be the effect if the resources required for a
project's critical path activities were insufficient?
a. It would reduce the project duration.
b. It would extend the project duration.
APM PFQ EXAM 2025 TEST BANK QUESTIONS
AND CORRECT ANSWERS (400+ PROFESSOR
VERIFIED) LATEST VERSION
Portfolio management could best be described as:
a. the coordinated management of related projects, including
related business-as-usual activities.
b. the formal process through which changes to the project
plan are approved and introduced.
c. the identification of the benefits (of a project or program) at
an organizational level and the tracking and realization of
those benefits.
d. the selection and management of all of an organization’s
projects, programs and related business-as-usual activities,
taking into account resource constraints. - ANSWER-D
Which one of the following best describes project management?
a. Using APM's Body of Knowledge 6th edition as a guide to all
projects.
b. Employing a project manager who has undertaken similar
projects.
c. Utilizing team members who can work on a project full time.
d. Application of processes and methods throughout the project
life cycle. - ANSWER-D
,2|Page
Which structure shows the reporting relationships and
communications channels for a project?
a. Work Breakdown Structure.
b. Organizational Breakdown Structure.
c. Product Breakdown Structure.
d. Responsibility assignment structure. - ANSWER-B
Key performance indicators (KPIs) are used for measuring how
a project is progressing towards success and are monitored by
project managers:
a. at the post-project review.
b. not more frequently than monthly.
c. throughout the project.
d. only when assessing project risk. - ANSWER-C
Which one of the following best characterizes a project?
a. An ongoing activity to maintain the company plant.
b. A transient endeavor carried out to meet specific objectives.
c. Continuous improvement of the company procedures.
d. Manufacturing components for a new technology. -
ANSWER-B
What is meant by the term program management?
,3|Page
a. The management of a group of projects or activities that
have a common business aim.
b. The line management of a team of program managers.
c. The management of a functional area used by a number of
different projects.
d. The management of the program of activities identified in
the project plan - ANSWER-A
A responsibility assignment matrix (RAM) allows the project
manager to cross reference:
a. the work breakdown structure (WBS) with the
organisational breakdown structure (OBS) to match resources
to the tasks.
b. the organisational breakdown structure (OBS) with the cost
breakdown structure (CBS) to assign a cost to each resource.
c. the product breakdown structure (PBS) with the work
breakdown structure (WBS) to assign activities to the
products.
d. the organisational breakdown structure (OBS) with the
product breakdown structure (PBS) to assign resources to
deliverables. - ANSWER-A
Which one of the following is a valid description of the phases
of a complete project lifecycle?
a. Start-up, feasibility, planning, execution and roll-out.
b. Concept, screening, implementation, handover and closeout.
, 4|Page
c. Concept, definition, implementation, handover and closeout.
d. Start-up, definition, development and production
closedown. - ANSWER-C
The main purpose of configuration management is to:
a. minimise the impact of changes on the scope of the project.
b. ensure that the final product meets the strategic needs of
the business.
c. provide control of the deliverables and avoid mistakes or
misunderstandings.
d. maximise the impact of agreed enhancements on the project
deliverables. - ANSWER-C
The accuracy of an estimate should:
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 -
ANSWER-B
What would be the effect if the resources required for a
project's critical path activities were insufficient?
a. It would reduce the project duration.
b. It would extend the project duration.
