APM APM-PFQ APM Project Fundamentals Qualification Exam Exam Practice Test Questions

• Question 1

  The implementation of risk management onproject requires a cost allocation from the project budget. Which statement describes the most representative return from such an investment?

  • A benefit to the project if potential opportunities are realised
  • The cost of dealing with a risk should it occur is usually greater than the cost of managing that risk.
  • Risk management in the project facilitates team building.
  • It allows the organisation to assure stakeholders of project compliance with regard to risk management.

  Show Answer Answer: B Next

• Question 2

  Implementation of plans and verification of performance is most likely to occur in:

  • The deployment phase.
  • The definition phase
  • The concept phase.
  • The adoption phase

  Show Answer Answer: A Next

• Question 3

  Estimating by using historical information is known as:

  • Comparative estimating.
  • Parametric estimating.
  • Bottom-up estimating.
  • Strategic estimating.

  Show Answer Answer: A Next

• Question 4

  Which one of the following best describes a project issue?

  • A major problem that requires formal escalation.
  • A problem that the project manager has to deal with on a day-to-day basis.
  • An uncertain event that may or may not occur.
  • An opportunity that occurs through change control.

  Show Answer Answer: A Next

• Question 5

  Which one of the following statements best defines an estimate?

  • An approximation of project time and cost targets, refined throughout the project life cycle.
  • A prediction of a future condition or event based on information or knowledge available now.
  • The value of useful work done at any given point in a project to give a measure of progress.
  • A situation that affects or influences the outcome of the project expressed in time or cost term

  Show Answer Answer: A Next