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APM-001
Associate in Project Management (APM) Questions and Answers

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Viewing page 11 out of 15 pages

Viewing questions 151-165 out of questions

Questions # 151:

Which statement correctly describes the value of a business case?

Options:

It provides the necessary information to determine if a project is worth the required investment.

It provides for alternative dispute resolution procedures in event of contract default.

It offers one of several alternative scenarios which assist in performing qualitative risk analysis.

It is used to help a project manager understand the scope of commercial advantages.

Answer

Questions # 152:

Projects are separated into phases or subprojects; these phases include:

Options:

feasibility study, concept development, design, and prototype.

initiate, plan, execute, and monitor.

Develop Charter, Define Activities, Manage Stakeholder Expectations, and Report Performance.

Identify Stakeholders, develop concept, build, and test.

Answer

Questions # 153:

Which of the following change requests can bring expected future performance of the project work in line with the project management plan?

Options:

Corrective action

Defect repair

Preventative action

Probable action

Answer

Questions # 154:

Which Control Scope input is compared to actual results to determine if corrective action is required for the project?

Options:

Scope baseline

Scope management plan

Change management plan

Cost baseline

Answer

Questions # 155:

One of the objectives of a quality audit is to:

Options:

highlight the need for root cause analysis.

share the process documentation among stakeholders.

offer assistance with non-value-added activities.

identify all of the gaps or shortcomings.

Answer

Questions # 156:

The processes required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project has been undertaken to achieve are grouped within which Process Group?

Options:

Initiating

Planning

Executing

Monitoring and Controlling

Answer

Questions # 157:

The project has a current cost performance index of 0.80. Assuming this performance wi continue, the new estimate at completion is $1000. What was the original budget at completion for the project?

Options:

$800

$1000

$1250

$1800

Answer

Questions # 158:

Funding limit reconciliation is a tool and technique used in which process?

Options:

Control Costs

Determine Budget

Estimate Costs

Control Budget

Answer

Questions # 159:

Risk responses reflect an organization's perceived balance between:

Options:

risk taking and risk avoidance.

known risk and unknown risk.

identified risk and analyzed risk.

varying degrees of risk.

Answer

Questions # 160:

During project selection, which factor is most important?

Options:

Types of constraints

Internal business needs

Budget

Schedule

Answer

Questions # 161:

An input to the Collect Requirements process is the:

Options:

stakeholder register.

project management plan.

project scope statement.

requirements management plan.

Answer

Questions # 162:

What is project management?

Options:

A logical grouping of project management inputs, outputs, tools, and techniques

Applying knowledge, skills, tools, and techniques to project activities to meet the project requirements

Launching a process that can result in the authorization of a new project

A formal, approved document that defines how the project is executed, monitored, and controlled

Answer

Questions # 163:

The project management processes are usually presented as discrete processes with defined interfaces, while in practice they:

Options:

operate separately.

move together in batches,

overlap and interact.

move in a sequence.

Answer

Questions # 164:

The application of knowledge, skills, tools, and techniques to project activities to meet project requirements describes management of which of the following?