GAQM GAQM certification APM-001 Questions & Answers

• Question 21:

  Prototype development may be used as a tool for which of the following risk response strategies?

  A. Avoid

  B. Accept

  C. Mitigate

  D. Exploit

  Correct Answer: C

• Question 22:

  Which index is the calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal?

  A. Estimate at completion

  B. Cost performance

  C. Schedule performance

  D. To-complete performance

  Correct Answer: D

• Question 23:

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

  A. Project

  B. Scope

  C. Contract

  D. Program

  Correct Answer: A

• Question 24:

  Which baselines make up the performance measurement baseline?

  A. Scope baseline, cost baseline, and schedule baseline

  B. Scope baseline, project management baseline, and quality baseline

  C. Cost baseline, schedule baseline, and risk baseline

  D. Cost baseline, project management baseline, and schedule baseline

  Correct Answer: A

• Question 25:

  The technique of subdividing project deliverables into smaller, more manageable components until the work and deliverables are defined to the work package level is called:

  A. a control chart.

  B. baseline.

  C. Create WBS.

  D. decomposition.

  Correct Answer: D

• Question 26:

  Which of the following is an output of the Conduct Procurements process?

  A. Project statement of work

  B. Selected sellers

  C. Risk register updates

  D. Teaming agreements

  Correct Answer: B

• Question 27:

  Risk responses reflect an organization's perceived balance between:

  A. risk taking and risk avoidance.

  B. known risk and unknown risk.

  C. identified risk and analyzed risk.

  D. varying degrees of risk.

  Correct Answer: A

• Question 28:

  The three processes of Project Cost Management are:

  A. Estimate Costs, Control Schedule, and Control Costs.

  B. Estimate Costs, Determine Budget, and Estimate Activity Resources.

  C. Determine Budget, Control Schedule, and Estimate Activity Resources.

  D. Estimate Costs, Determine Budget, and Control Costs.

  Correct Answer: D

• Question 29:

  After Define Activities and Sequence Activities, the next process is:

  A. Estimate Activity Resources.

  B. Estimate Activity Durations.

  C. Develop Schedule.

  D. Control Schedule.

  Correct Answer: A

• Question 30:

  Which risk response strategy is common for both positive and negative risks?

  A. Share

  B. Accept

  C. Mitigate

  D. Transfer

  Correct Answer: B