APM PMQ EXAM
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
Pla
...
APM PMQ EXAM
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
Assess
Develop
Engage
How do you calculate Earned Value (EV)? - ✔✔EV= %complete x Budget at completion
How do you calculate Cost Variance (CV)? - ✔✔CV= Earned Value - Actual Costs
How do you calculate Schedule Variance (SV)? - ✔✔SV= Earned Value - Planned
Costs
How do you calculate Cost Performance Index (CPI)? - ✔✔CPI = Earned Value / Actual
Costs
How do you calculate Schedule Performance Index (SPI)? - ✔✔SPI = Earned Value /
Planned Costs
How do you calculate Estimate at completion - cost (EACc)? - ✔✔EACc= Budget at
Completion/Cost Performance Index
How do you calculate Estimate at completion - time (EACt)? - ✔✔EACt= Planned
Duration/Schedule Performance Index
What does Earned Value Management tell you? - ✔✔- Schedule
- Efficiency
- Time to completion
- Spend
- Cost to completion
- Actual forecast cost
- Variance at completion
What are the benefits of using Earned Value Management? - ✔✔- Reporting
- Estimating errors
- Forecasting
- Justify corrective action
- Justify early termination
What are 3 types of estimating tool? - ✔✔- Comparative
- Bottoms Up
- Parametric
What is Comparative estimating? - ✔✔Uses historical data to provide current
estimations
What is Bottoms up estimating? - ✔✔Detailed estimate produced for each work
package and then rolled-up throughout the WBS
What is parametric estimating? - ✔✔Uses statistical modelling software to produce
overall estimates for time and cost
What are problems with estimating? - ✔✔- Optimisim/Pessimism
- Social/Political Pressure
- Experience
- Unclear Scope
- Source data
What does the PMP contain? - ✔✔- Background and objectives
- Scope
- Deliverables
- Acceptance Criteria
- Success Criteria
- Project Constraints
- Risks and Assumptions
- Critical Success Factors
- Schedule/time and resource/cost baselines
What is the document management process? - ✔✔- Creation
- Review
- Approval
- Release
- Update
What are the steps in the benefits management process? - ✔✔- Define BM Plan
- Identify and Structure Benefits
- Plan benefits realisation
- Implement the change
- Realise the benefits
Team Dynamics model - Name the steps within Tuckman's stages of development of a
team model - ✔✔- Forming
- Storming
- Norming
- Performing
- Adjourning
What are the characteristics of an effective team? - ✔✔- Shared Aims
- Trust
- Communication
- Shared Skills
- Good relationships
- Effective Leadership
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