APM PFQ Exam Test Bank (Latest 2026/2027)
Real Questions and 100% Correct Answers
(High Score Guaranteed)
‣ What should a business case include? -✓✓B - Background
O - Options
B- Benefits
CA - Commercial Aspects
R - Risks
T - Timescales
‣ What are the 5 aspects of the PRAM? -✓✓Initiate
Identify
Assess
Plan responses
Implement responses
‣ What are the 5 phases in the extended project life cycle? -✓✓Concept
Definition
Development
Handover and Closure
Operations
‣ Who are potential stakeholders within a project? -✓✓Project Sponsor
Project Team
Users
Suppliers
Customers
Senior Management
‣ What are the 5 steps within the information management process? -✓✓Collection
Storage
Dissemination
Archiving
Destruction
‣ What are the steps of the requirements management process? -✓✓Capture
Analyse
Justify
Baseline
‣ What are the steps of the change control process? -✓✓- Submit Change Request
- Review viability of taking request further
, - Assessment of feasibility and impact of the proposed change
- Decision
‣ What are potential sources of change? -✓✓Internal:
- Technical Error
- Incorrect Estimate
- Resourcing Issues
External:
- Business Justification
- Requirements change
- Technology/Market Shift
‣ What is the requirements model? -✓✓Business Need (Why)
Features (How)
Requirements (What)
Acceptance Criteria
‣ What are the steps of the configuration management process? -✓✓Planning
Identification
Control
Status Accounting
Audit
‣ What are 2 types of breakdown structure? -✓✓Work Breakdown Structure (WBS)
Product Breakdown Structure (PBS)
‣ What is a Work Breakdown Structure (WBS)? -✓✓a comprehensive list of all activities
needed to complete a project.
‣ What is a Product Breakdown Structure (PBS)? -✓✓This focuses on the deliverables
that are needed to deliver the project. This can be broken down further into tasks within
a WBS.
‣ What are 5 types of report? -✓✓Progress
Quality
Risk
Finance
Audit
‣ What are 3 types of investment appraisal? -✓✓Net present value (NPV)
Payback
Internal Rate of Return (IRR)
‣ What are the steps of the stakeholder management process? -✓✓Identify
Real Questions and 100% Correct Answers
(High Score Guaranteed)
‣ What should a business case include? -✓✓B - Background
O - Options
B- Benefits
CA - Commercial Aspects
R - Risks
T - Timescales
‣ What are the 5 aspects of the PRAM? -✓✓Initiate
Identify
Assess
Plan responses
Implement responses
‣ What are the 5 phases in the extended project life cycle? -✓✓Concept
Definition
Development
Handover and Closure
Operations
‣ Who are potential stakeholders within a project? -✓✓Project Sponsor
Project Team
Users
Suppliers
Customers
Senior Management
‣ What are the 5 steps within the information management process? -✓✓Collection
Storage
Dissemination
Archiving
Destruction
‣ What are the steps of the requirements management process? -✓✓Capture
Analyse
Justify
Baseline
‣ What are the steps of the change control process? -✓✓- Submit Change Request
- Review viability of taking request further
, - Assessment of feasibility and impact of the proposed change
- Decision
‣ What are potential sources of change? -✓✓Internal:
- Technical Error
- Incorrect Estimate
- Resourcing Issues
External:
- Business Justification
- Requirements change
- Technology/Market Shift
‣ What is the requirements model? -✓✓Business Need (Why)
Features (How)
Requirements (What)
Acceptance Criteria
‣ What are the steps of the configuration management process? -✓✓Planning
Identification
Control
Status Accounting
Audit
‣ What are 2 types of breakdown structure? -✓✓Work Breakdown Structure (WBS)
Product Breakdown Structure (PBS)
‣ What is a Work Breakdown Structure (WBS)? -✓✓a comprehensive list of all activities
needed to complete a project.
‣ What is a Product Breakdown Structure (PBS)? -✓✓This focuses on the deliverables
that are needed to deliver the project. This can be broken down further into tasks within
a WBS.
‣ What are 5 types of report? -✓✓Progress
Quality
Risk
Finance
Audit
‣ What are 3 types of investment appraisal? -✓✓Net present value (NPV)
Payback
Internal Rate of Return (IRR)
‣ What are the steps of the stakeholder management process? -✓✓Identify
