APM PFQ Review Exam Questions With
Accurate Answers 2025\2026 A+ Grade
Project
- accurate answers-transient endeavors that bring about change to business-
as-usual
Project Management
- accurate answers-Application of processes and methods throughout the
project life cycle. The most effective way to bring about change.
Identify the differences between a project and business as usual
- accurate answers-Projects involve uncertainty, require a special team and
operate in a dynamic environment. They deliver change and have specific
aims & objectives.
Business-As-Usual uses the deliverables produced to provide on-going
services in a more stable environment. The activities are repetitive in nature,
with a constant team and defined roles. Works within fixed time, cost and
quality constraints.
State the key purpose of project management
- accurate answers-Projects are transient endeavours that bring about change
to business-as-usual. Increases the chances of the project being delivered
within the agreed time-cost-quality constraints.
List the processes of project management
- accurate answers-1. Starting
2. Planning
3. Monitoring & Control
4. Feedback
5. Closing
List the benefits to an organisation of effective project management
- accurate answers-1. greater likelihood of achieving desired result
2. utilises resources
3. satisfy needs of stakeholders
,List the core components of project management
- accurate answers-1. define project need
2. capture requirements
3. prepare business case
4. secure funding
5. develop management plan
6. lead team
7. manage risks
8. monitor progress
9. manage budget
10. maintain communication
11. close the project
Programme
- accurate answers-A unique, transient strategic endeavour undertaken to
achieve beneficial change and incorporating a group of related projects and
business-as-usual (steady-state) activities.
Portfolio
- accurate answers-A group of projects and programs carried out within an
organisation
Portfolio Management
- accurate answers-The selection, prioritisation and control of an
organisation's projects and programmes in line with its strategic objectives
and capacity to deliver.
What is programme and portfolio management's relationship with project
management
- accurate answers-Must constantly review the balance of investment and
benefit, creating and closing projects and programmes as necessary
Define the components of the PESTLE acronym
- accurate answers-Political, Economical, Social, Technological, Legal,
Environmental
Why might PESTLE be used
- accurate answers-- Helps the project manager to understand the external
factors that may impact the definition and delivery of a project.
, - Could inform decision making and anticipate changes or factors that may
affect successful project delivery.
- Helps to identify risks or constraints that may shape the definition and
planning of the project.
Project Life Cycle
- accurate answers-The inter-related phases of a project, programme or
portfolio and provides a structure for governing the progression of work.
State the phases of a typical linear PLC
- accurate answers-1. Concept - develop initial idea into a concrete
proposition (outline business case).
2. Definition - design and plan the proposition with risks, costs and timescales.
3. Deployment - build the product. Work in this phase is subject to change
control, where a change to what has been agreed can be considered.
4. Transition - hand over the product that you've built to those who will use it,
and they formally give acceptance
State the phases of a typical iterative PLC
- accurate answers-1. Starting - each phase needs to be initiated and the
justification defined and agreed
2. Defining - each phase needs to be planned and outputs clearly defined
3. Monitoring - the execution of the phase needs to be monitored and, where
appropriate, corrective action applied
4. Learning - each phase needs to be closed out and lessons should be learned
to ensure similar problems do not surface in the next phase & positive
outcomes can be emulated
Hybrid Life Cycle
- accurate answers-A pragmatic approach to achieving beneficial change that
combines a linear life cycle for some phases or activities with an iterative life
cycle for others.
Extended PLC
- accurate answers-- A life cycle approach that adds an adoption and benefit
realisation phase to a linear or iterative life cycle with the purpose of ensuring
the accountability and governance of the investment stays with the change
teams until change is fully embedded.
Accurate Answers 2025\2026 A+ Grade
Project
- accurate answers-transient endeavors that bring about change to business-
as-usual
Project Management
- accurate answers-Application of processes and methods throughout the
project life cycle. The most effective way to bring about change.
Identify the differences between a project and business as usual
- accurate answers-Projects involve uncertainty, require a special team and
operate in a dynamic environment. They deliver change and have specific
aims & objectives.
Business-As-Usual uses the deliverables produced to provide on-going
services in a more stable environment. The activities are repetitive in nature,
with a constant team and defined roles. Works within fixed time, cost and
quality constraints.
State the key purpose of project management
- accurate answers-Projects are transient endeavours that bring about change
to business-as-usual. Increases the chances of the project being delivered
within the agreed time-cost-quality constraints.
List the processes of project management
- accurate answers-1. Starting
2. Planning
3. Monitoring & Control
4. Feedback
5. Closing
List the benefits to an organisation of effective project management
- accurate answers-1. greater likelihood of achieving desired result
2. utilises resources
3. satisfy needs of stakeholders
,List the core components of project management
- accurate answers-1. define project need
2. capture requirements
3. prepare business case
4. secure funding
5. develop management plan
6. lead team
7. manage risks
8. monitor progress
9. manage budget
10. maintain communication
11. close the project
Programme
- accurate answers-A unique, transient strategic endeavour undertaken to
achieve beneficial change and incorporating a group of related projects and
business-as-usual (steady-state) activities.
Portfolio
- accurate answers-A group of projects and programs carried out within an
organisation
Portfolio Management
- accurate answers-The selection, prioritisation and control of an
organisation's projects and programmes in line with its strategic objectives
and capacity to deliver.
What is programme and portfolio management's relationship with project
management
- accurate answers-Must constantly review the balance of investment and
benefit, creating and closing projects and programmes as necessary
Define the components of the PESTLE acronym
- accurate answers-Political, Economical, Social, Technological, Legal,
Environmental
Why might PESTLE be used
- accurate answers-- Helps the project manager to understand the external
factors that may impact the definition and delivery of a project.
, - Could inform decision making and anticipate changes or factors that may
affect successful project delivery.
- Helps to identify risks or constraints that may shape the definition and
planning of the project.
Project Life Cycle
- accurate answers-The inter-related phases of a project, programme or
portfolio and provides a structure for governing the progression of work.
State the phases of a typical linear PLC
- accurate answers-1. Concept - develop initial idea into a concrete
proposition (outline business case).
2. Definition - design and plan the proposition with risks, costs and timescales.
3. Deployment - build the product. Work in this phase is subject to change
control, where a change to what has been agreed can be considered.
4. Transition - hand over the product that you've built to those who will use it,
and they formally give acceptance
State the phases of a typical iterative PLC
- accurate answers-1. Starting - each phase needs to be initiated and the
justification defined and agreed
2. Defining - each phase needs to be planned and outputs clearly defined
3. Monitoring - the execution of the phase needs to be monitored and, where
appropriate, corrective action applied
4. Learning - each phase needs to be closed out and lessons should be learned
to ensure similar problems do not surface in the next phase & positive
outcomes can be emulated
Hybrid Life Cycle
- accurate answers-A pragmatic approach to achieving beneficial change that
combines a linear life cycle for some phases or activities with an iterative life
cycle for others.
Extended PLC
- accurate answers-- A life cycle approach that adds an adoption and benefit
realisation phase to a linear or iterative life cycle with the purpose of ensuring
the accountability and governance of the investment stays with the change
teams until change is fully embedded.
