APM-PFQ APM Project Fundamentals Qualification (PFQ) exact Exam Questions

APM Project Fundamentals Qualification (PFQ)

Last Update 3 hours ago Total Questions : 409

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Question # 51

What aspect of the project will have greatest influence on the estimating method being used?

The point in the life cycle where the estimate is being carried out.

The overall budgeted value of the project being estimated.

Whether the project is likely to proceed or not.

The amount of acceptable estimating tolerance that exists.

Question # 52

Which one of the following is an example of a project issue?

There are no suppliers that can meet our specification.

We may not be able to finish on time.

The project is going to be late.

A key phase of the project is taking longer than expected

Question # 53

Which of the following is the purpose of an estimating funnel?

Keeping resource usage to a minimum to help reduce costs.

Supporting the production of comparative estimates.

Identifying where costs can be minimised when preparing a budget.

Representing increasing levels of estimating accuracy achieved through the life cycle

Question # 54

Which of the following should happen as soon as a change has been approved?

Update change log.

Update the risk register.

Update the issue log.

Update lessons learned.

Question # 55

Which one of the following best describes the purpose of a project's business case?

A statement of what the project will deliver in terms of products/deliverables and satisfaction.

The reasons why the project sponsor wants their project to proceed.

A statement on how the project fits into the long-term aims of the project sponsor.

Provides justification for undertaking the project, in terms of evaluating the benefits, cost and risks

Question # 56

Which one of the following statements about the project management plan (PMP) is considered to be the most important condition of compliance to ensure an effective plan is produced?

The project team should not contribute to the writing of the PMP.

The PMP should be agreed and signed off by both the sponsor and the project manager as a minimum.

The sponsor should maintain ownership of the PM P.

The PMP is necessary for effective stakeholder management.