GAQM GAQM Certifications APM-001 Questions & Answers

• Question 391:

  Definitions of probability and impact, revised stakeholder tolerances, and tracking are components of which subsidiary plan?

  A. Cost management plan

  B. Quality management plan

  C. Communications management plan

  D. Risk management plan

  Correct Answer: D

• Question 392:

  A measure of cost performance that is required to be achieved with the remaining resources in order to meet a specified management goal and is expressed as the ratio of the cost needed for finishing the outstanding work to the remaining budget is known as the:

  A. budget at completion (BAC)

  B. earned value management (EVM)

  C. to-complete performance index

  D. cost performance index

  Correct Answer: C

• Question 393:

  A collection of projects managed as a group to achieve strategic objectives is referred to as a:

  A. plan

  B. process

  C. program

  D. portfolio

  Correct Answer: D

• Question 394:

  Sharing good practices introduced or implemented in similar projects in the organization and/or industry is an example of:

  A. quality audits

  B. process analysis

  C. statistical sampling

  D. benchmarking

  Correct Answer: A

• Question 395:

  Which Process Group's purpose is to track, review, and regulate the progress and performance of the project; identify any areas in which changes to the plan are required; and initiate the corresponding changes?

  A. Monitoring and Controlling

  B. Initiating

  C. Planning

  D. Executing

  Correct Answer: A

• Question 396:

  An input of the Plan Procurement Management process is:

  A. Make-or-buy decisions.

  B. Activity cost estimates.

  C. Seller proposals.

  D. Procurement documents.

  Correct Answer: B

• Question 397:

  Outputs of the Control Communications process include:

  A. expert judgment and change requests

  B. work performance information and change requests

  C. project management plan updates and work performance information

  D. issue logs and organizational process assets updates

  Correct Answer: B

• Question 398:

  Which organizational process assets update is performed during the Close Procurements process?

  A. Procurement audit

  B. Lessons learned

  C. Performance reporting

  D. Payment requests

  Correct Answer: B

• Question 399:

  The individual or group that provides resources and support for a project and is accountable for success is the:

  A. sponsor

  B. customer

  C. business partners

  D. functional managers

  Correct Answer: A

• Question 400:

  Managing ongoing production of goods and services to ensure business continues efficiently describes which type of management?

  A. Portfolio

  B. Project

  C. Program

  D. Operations

  Correct Answer: D