GAQM APM-001 APM Exam Practice Test Instant Access

Question 1

Which statement correctly describes the value of a business case?

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

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

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

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

Answer : A

Question 2

Project contracts generally fall into which of the following three broad categories?

AFixed-price, cost reimbursable, time and materials

BMake-or-buy, margin analysis, fixed-price

CTime and materials, fixed-price, margin analysis

DMake-or-buy, lump-sum, cost-plus-incentive

Answer : A

Question 3

Which Knowledge Area involves identifying the people, groups, or organizations that may be impacted by or impact a project?

AProject Risk Management

BProject Human Resource Management

CProject Scope Management

DProject Stakeholder Management

Answer : D

Question 4

Who, along with the project manager, is supposed to direct the performance of the planned project activities and manage the various technical and organizational interfaces that exist within the project?

AThe customer and functional managers

BThe risk owners and stakeholders

CThe sponsors and stakeholders

DThe project management team

Answer : D

Question 5

Through whom do project managers accomplish work?

AConsultants and stakeholders

BStakeholders and functional managers

CProject team members and consultants

DProject team members and stakeholders

Answer : D

Question 6

Change requests are processed for review and disposition according to which process?

AControl Quality

BControl Scope

CMonitor and Control Project Work

DPerform Integrated Change Control

Answer : D

Question 7

The degree of uncertainty an entity is willing to take on in anticipation of a reward is known as its risk:

Amanagement

Bresponse

Ctolerance

Dappetite

Answer : D

GAQM Associate in Project Management APM-001 APM Exam Practice Test