APM PFQ Exam with all Correct & 100% Verified Answers
|Latest Version |Already Graded A+
Why do projects fail? ✔Correct Answer-Lack of communication
Bad stakeholder management
People not onboard - demotivated team
Scope creep/unclear scope/poor change control
Poor risk management
Poor budget planning/resource management
Unreliable estimates
Unclear start/end of project
Lack of monitoring and control
What is a project? ✔Correct Answer-A unique, transient endeavour to bring about change
and to achieve planned objectives.
A project has defined start and end points, specific objectives and specific resources allocated.
What is project management? ✔Correct Answer-The application of processes, methods,
knowledge, skills, and experience to achieve specific objectives for change
What are the differences between projects and business as usual? ✔Correct Answer-Project
Change
Risk aware
Objective/deliverable
Variable/flexible constraints (resources, cost, time, quality)
Defined start/end
Unique
BAU
Status Quo
Risk averse
Maintain existing functions
Fixed constraints
Ongoing
Repetitive
When are levels of risk highest on a project? ✔Correct Answer-At the start
What are the main constraints on a project? ✔Correct Answer-Time, cost, quality (and scope)
, What is a programme? ✔Correct Answer-A unique, transient, strategic endeavour undertaken
to achieve beneficial change and incorporating a group of related and business-as-usual
activities
A programme is a collection of projects.
It focuses on the iterative delivery of outcomes and benefits and manages the transition of the
outputs from projects into BAU
What is programme management? ✔Correct Answer-The coordinated management of
projects and business-as-usual activities to achieve beneficial change
What is a portfolio? ✔Correct Answer-A collection of projects and/or programmes used to
structure and manage investments at an organisational or functional level to optimise strategic
benefits or operational efficiency
What is portfolio management? ✔Correct Answer-The selection, prioritisation and control of
an organisation's projects and programmes in line with its strategic objectives and capacity to
deliver.
What is the difference between user and customer? ✔Correct Answer-User is the person or
group that is going to physically use the product. Customer is the people who pay for the
project.
What is the role of a project sponsor? ✔Correct Answer-Owns the business case, decides
time/cost/quality priority, makes key decisions and monitors business environment
What is the role of the project management office? ✔Correct Answer-Management control
and reporting, owns the project management method, project assurance.
What are the four types of project life cycle? ✔Correct Answer-Linear - highly predictive
Incremental
Iterative
Evolutionary - highly adaptive
Incremental, iterative and evolutionary are all agile
What are the 4 stages of a linear life cycle? ✔Correct Answer-Concept - Business case written
Definition - Project Management Plan written
Deployment - Product is built
Transition - Product handed over
What is a hybrid life cycle? ✔Correct Answer-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
|Latest Version |Already Graded A+
Why do projects fail? ✔Correct Answer-Lack of communication
Bad stakeholder management
People not onboard - demotivated team
Scope creep/unclear scope/poor change control
Poor risk management
Poor budget planning/resource management
Unreliable estimates
Unclear start/end of project
Lack of monitoring and control
What is a project? ✔Correct Answer-A unique, transient endeavour to bring about change
and to achieve planned objectives.
A project has defined start and end points, specific objectives and specific resources allocated.
What is project management? ✔Correct Answer-The application of processes, methods,
knowledge, skills, and experience to achieve specific objectives for change
What are the differences between projects and business as usual? ✔Correct Answer-Project
Change
Risk aware
Objective/deliverable
Variable/flexible constraints (resources, cost, time, quality)
Defined start/end
Unique
BAU
Status Quo
Risk averse
Maintain existing functions
Fixed constraints
Ongoing
Repetitive
When are levels of risk highest on a project? ✔Correct Answer-At the start
What are the main constraints on a project? ✔Correct Answer-Time, cost, quality (and scope)
, What is a programme? ✔Correct Answer-A unique, transient, strategic endeavour undertaken
to achieve beneficial change and incorporating a group of related and business-as-usual
activities
A programme is a collection of projects.
It focuses on the iterative delivery of outcomes and benefits and manages the transition of the
outputs from projects into BAU
What is programme management? ✔Correct Answer-The coordinated management of
projects and business-as-usual activities to achieve beneficial change
What is a portfolio? ✔Correct Answer-A collection of projects and/or programmes used to
structure and manage investments at an organisational or functional level to optimise strategic
benefits or operational efficiency
What is portfolio management? ✔Correct Answer-The selection, prioritisation and control of
an organisation's projects and programmes in line with its strategic objectives and capacity to
deliver.
What is the difference between user and customer? ✔Correct Answer-User is the person or
group that is going to physically use the product. Customer is the people who pay for the
project.
What is the role of a project sponsor? ✔Correct Answer-Owns the business case, decides
time/cost/quality priority, makes key decisions and monitors business environment
What is the role of the project management office? ✔Correct Answer-Management control
and reporting, owns the project management method, project assurance.
What are the four types of project life cycle? ✔Correct Answer-Linear - highly predictive
Incremental
Iterative
Evolutionary - highly adaptive
Incremental, iterative and evolutionary are all agile
What are the 4 stages of a linear life cycle? ✔Correct Answer-Concept - Business case written
Definition - Project Management Plan written
Deployment - Product is built
Transition - Product handed over
What is a hybrid life cycle? ✔Correct Answer-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
