APM PFQ PRACTICE PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
●● Acceptance criteria. Answer: The requirements and essential
conditions that have to be achieved before a deliverable is accepted
●● Activity. Answer: (1) A task, job, operation or process consuming
time and possibly other resources
(2) the smallest self-contained unit of work in a project
●● Agile. Answer: A family of development methodologies where
requirements and solutions are developed iteratively and incrementally
throughout the life cycle
●● Analogous estimating/Comparative estimating. Answer: An
estimating technique based on the comparison with, and factoring from,
the cost of similar, previous work.
●● Analytical estimating/Bottom-up estimating. Answer: An estimating
technique that uses detailed specifications to estimate time and cost for
each product or activity
●● Assumptions. Answer: Statements that will be taken for granted as
fact and upon which the project business case will be justified
,●● Assurance. Answer: The process of providing confidence to
stakeholders that projects, programmes and portfolios will achieve their
objectives for beneficial change.
●● Audit. Answer: A means to provide assurance that enables the
sponsor to have confidence that the governance is working and that the
project is being managed as intended
●● Backward Pass. Answer: A technique used to calculate the latest start
and finish dates for each activity, based on the activity durations and
their logic
●● Baseline. Answer: The reference levels against which a project,
programme or portfolio is monitored and controlled
●● Benefit. Answer: A positive and measurable impact of change
●● Benefits management. Answer: The identification, definition,
planning, tracking and realisation of benefits
●● Budget. Answer: The agreed cost of the project or a quantification of
resources needed to achieve an activity by a set time, within which the
activity owners are required to work
, ●● Business-as-usual/Steady state. Answer: An organisation's normal
day-to-day operations
●● Business case. Answer: Provides justification for undertaking a
project, programme or portfolio. It evaluates the benefit, cost and risk of
alternative options and provides and rationale for the preferred solution
●● Change. Answer: A change to a project's baseline scope, cost, time or
quality objectives
●● Change control. Answer: The process through which all requests to
change the approved baseline of a project, programme or portfolio are
captured, evaluated and then approved, rejected or deferred.
●● Change request. Answer: A request to obtain formal approval for
changes to the approved baseline
●● Communication. Answer: The process of exchanging information
and confirming there is shared understanding
●● Communication plan. Answer: A document that identifies what
information is to be communicated to whom, why, when, where, how,
through which medium and the desired impact
QUESTIONS WITH SOLUTIONS GRADED A+
●● Acceptance criteria. Answer: The requirements and essential
conditions that have to be achieved before a deliverable is accepted
●● Activity. Answer: (1) A task, job, operation or process consuming
time and possibly other resources
(2) the smallest self-contained unit of work in a project
●● Agile. Answer: A family of development methodologies where
requirements and solutions are developed iteratively and incrementally
throughout the life cycle
●● Analogous estimating/Comparative estimating. Answer: An
estimating technique based on the comparison with, and factoring from,
the cost of similar, previous work.
●● Analytical estimating/Bottom-up estimating. Answer: An estimating
technique that uses detailed specifications to estimate time and cost for
each product or activity
●● Assumptions. Answer: Statements that will be taken for granted as
fact and upon which the project business case will be justified
,●● Assurance. Answer: The process of providing confidence to
stakeholders that projects, programmes and portfolios will achieve their
objectives for beneficial change.
●● Audit. Answer: A means to provide assurance that enables the
sponsor to have confidence that the governance is working and that the
project is being managed as intended
●● Backward Pass. Answer: A technique used to calculate the latest start
and finish dates for each activity, based on the activity durations and
their logic
●● Baseline. Answer: The reference levels against which a project,
programme or portfolio is monitored and controlled
●● Benefit. Answer: A positive and measurable impact of change
●● Benefits management. Answer: The identification, definition,
planning, tracking and realisation of benefits
●● Budget. Answer: The agreed cost of the project or a quantification of
resources needed to achieve an activity by a set time, within which the
activity owners are required to work
, ●● Business-as-usual/Steady state. Answer: An organisation's normal
day-to-day operations
●● Business case. Answer: Provides justification for undertaking a
project, programme or portfolio. It evaluates the benefit, cost and risk of
alternative options and provides and rationale for the preferred solution
●● Change. Answer: A change to a project's baseline scope, cost, time or
quality objectives
●● Change control. Answer: The process through which all requests to
change the approved baseline of a project, programme or portfolio are
captured, evaluated and then approved, rejected or deferred.
●● Change request. Answer: A request to obtain formal approval for
changes to the approved baseline
●● Communication. Answer: The process of exchanging information
and confirming there is shared understanding
●● Communication plan. Answer: A document that identifies what
information is to be communicated to whom, why, when, where, how,
through which medium and the desired impact
