APM PFQ 2025\2026 A+ Grade
Define a project
- accurate answers-Projects are unique, transient endeavours undertaken to
achieve a desired outcome. Projects bring about change and project
management is recognised as the most efficient way of managing such change.
define project management
- accurate answers-Project management is the process by which projects are
defined, planned, monitored, controlled and delivered such that the agreed
benefits are realised.
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. Business-As-Usual uses the deliverables
produced to provide on-going services in a more stable environment.
state the key purpose of project management
- accurate answers-Project management is used to define, plan, monitor and
control the projects in order to enable the business benefits to be realised.
list the processes of project management
- accurate answers-- Starting Process - Planning Process - Monitoring &
Control Process - Feedback Process - Closing Process
list the benefits to an organisation of effective project management
- accurate answers-- greater likelihood of achieving the desired result -
efficient and best value use of resources - satisfying the needs of stakeholders
list the core components of project management
- accurate answers-- define project need - capture requirements - prepare
,business case - secure funding - develop management plan - lead team -
manage risks - monitor progress - manage budget - maintain communication -
close the project
define programme
- accurate answers-- deliver significant business change - over extensive
periods of time. - programme coordinates a number of projects
define portfolio management
- accurate answers-- group of programmes which are being undertaken for an
organization. - ensures that the right programmes and projects are being run -
while maintaining business as usual
define benefits management
- accurate answers-Benefits are defined as the quantifiable and measurable
improvement resulting from completion of deliverables that is perceived as
positive by a stakeholder. It will normally have a tangible value, expressed in
monetary terms that will justify the investment.
define the term project environment
- accurate answers-The circumstances and conditions within which the
project, programme or portfolio must operate.
define the components of the PESTLE acronym
- accurate answers-Political, Economical, Social, Technological, Legal,
Environmental
define the term 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.
, define stakeholders and stakeholder management and explain why
stakeholder analysis is important.
- accurate answers-Stakeholders are defined as any person or group that has a
vested interest or "stake" in the project. Stakeholder management involves
identifying the stakeholders, understanding their position and their needs and
communicating effectively with them. Important to consider how much
power/influence and interest each of the stakeholders has and whether they
are positive or negative towards the project.
define the use of KPIs
- accurate answers-Key performance indicators are defined during the
concept phase and measured during the implementation phase. They are used
to determine whether or not the success criteria will be met.
define success criteria in the context of managing projects
- accurate answers-Project success criteria are used to establish whether or
not the project has been successful. They are defined at the start of the project
during the concept phase and measured at the end of the project during the
handover and closeout phase.
identify typical success factors that may contribute to successful projects
- accurate answers-Success factors are management practices that, when
implemented, will increase the likelihood of success of a project, for example
good leadership and effective communication.
state the phases of a typical project life cycle
- accurate answers-Concept, Definition, Development, Handover & Closure
Define a project
- accurate answers-Projects are unique, transient endeavours undertaken to
achieve a desired outcome. Projects bring about change and project
management is recognised as the most efficient way of managing such change.
define project management
- accurate answers-Project management is the process by which projects are
defined, planned, monitored, controlled and delivered such that the agreed
benefits are realised.
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. Business-As-Usual uses the deliverables
produced to provide on-going services in a more stable environment.
state the key purpose of project management
- accurate answers-Project management is used to define, plan, monitor and
control the projects in order to enable the business benefits to be realised.
list the processes of project management
- accurate answers-- Starting Process - Planning Process - Monitoring &
Control Process - Feedback Process - Closing Process
list the benefits to an organisation of effective project management
- accurate answers-- greater likelihood of achieving the desired result -
efficient and best value use of resources - satisfying the needs of stakeholders
list the core components of project management
- accurate answers-- define project need - capture requirements - prepare
,business case - secure funding - develop management plan - lead team -
manage risks - monitor progress - manage budget - maintain communication -
close the project
define programme
- accurate answers-- deliver significant business change - over extensive
periods of time. - programme coordinates a number of projects
define portfolio management
- accurate answers-- group of programmes which are being undertaken for an
organization. - ensures that the right programmes and projects are being run -
while maintaining business as usual
define benefits management
- accurate answers-Benefits are defined as the quantifiable and measurable
improvement resulting from completion of deliverables that is perceived as
positive by a stakeholder. It will normally have a tangible value, expressed in
monetary terms that will justify the investment.
define the term project environment
- accurate answers-The circumstances and conditions within which the
project, programme or portfolio must operate.
define the components of the PESTLE acronym
- accurate answers-Political, Economical, Social, Technological, Legal,
Environmental
define the term 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.
, define stakeholders and stakeholder management and explain why
stakeholder analysis is important.
- accurate answers-Stakeholders are defined as any person or group that has a
vested interest or "stake" in the project. Stakeholder management involves
identifying the stakeholders, understanding their position and their needs and
communicating effectively with them. Important to consider how much
power/influence and interest each of the stakeholders has and whether they
are positive or negative towards the project.
define the use of KPIs
- accurate answers-Key performance indicators are defined during the
concept phase and measured during the implementation phase. They are used
to determine whether or not the success criteria will be met.
define success criteria in the context of managing projects
- accurate answers-Project success criteria are used to establish whether or
not the project has been successful. They are defined at the start of the project
during the concept phase and measured at the end of the project during the
handover and closeout phase.
identify typical success factors that may contribute to successful projects
- accurate answers-Success factors are management practices that, when
implemented, will increase the likelihood of success of a project, for example
good leadership and effective communication.
state the phases of a typical project life cycle
- accurate answers-Concept, Definition, Development, Handover & Closure
