APM APM-PFQ Online Practice Questions and Exam Preparation

APM APM-PFQ Online Questions & Answers

• Question 1:

  What factor creates the effect of the estimating funnel?

  A. Project team getting to know each other better.
  B. utilization of learning and experience.
  C. Project scope increasing in cost.
  D. use of a linear life cycle
  B. utilization of learning and experience.

• Question 2:

  When in the project life cycle might analogous estimating be most commonly used?

  A. Transition.
  B. Concept
  C. Deployment.
  D. Definition.
  B. Concept

• Question 3:

  What estimating method is most commonly used in the definition phase Of the project life cycle?

  A. Analogous.
  B. Analytical
  C. Parametric.
  D. Statistical
  B. Analytical

• Question 4:

  What is a likely benefit of re-estimating throughout the project life cycle?

  A. The project will be much more economically viable.
  B. The business case is justified to a greater degree.
  C. Overall project duration is reduced.
  D. Reduction in contingency reserves are achieved.
  D. Reduction in contingency reserves are achieved.

• Question 5:

  What is one of the main features of using analogous method of estimating?

  A. The individual group members use a statistical relationship between historic data and other variables to calculate an estimate.
  B. The task of producing the estimates will be delegated to those who are actually going to deliver the individual pieces of work or work packages.
  C. The individual group members, who are tasked with providing the estimates, do this in isolation from each other.
  D. The individual group members identify a previously delivered project of the same size. complexity and delivery method.
  D. The individual group members identify a previously delivered project of the same size. complexity and delivery method.

• Question 6:

  When the project progresses through the life cycle. which one of the following aspects would be expected to occur?

  A. The accuracy of the estimate reduces and the level of contingency requirement increases.
  B. The accuracy of the estimate increases and the level of contingency requirement reduces.
  C. The accuracy and level Of contingency requirement both increase.
  D. The accuracy and level of contingency requirement both reduce.
  B. The accuracy of the estimate increases and the level of contingency requirement reduces.

• Question 7:

  What is the estimating method that uses data from a similar project as the basis for the estimate?

  A. Evaluative estimating.
  B. Risk based estimating.
  C. Analogous estimating.
  D. Analytical estimating.
  C. Analogous estimating.

• Question 8:

  The concept that describes how estimating accuracy changes through the project life cycle is termed:

  A. estimating risk.
  B. estimating funnel.
  C. normal values.
  D. parametric estimating.
  B. estimating funnel.

• Question 9:

  The project you are working on has chosen to produce an estimate using a detailed work breakdown structure (WBS). What estimating method is this approach commonly known as?

  A. Comparative estimating.
  B. Bottom-up/analytical estimating.
  C. Strategic estimating.
  D. Parametric estimating.
  B. Bottom-up/analytical estimating.

• Question 10:

  Which of the following statements about estimating is true?

  A. Post project reviews are a prime source of estimating data.
  B. An estimated cost for a project must be 10 per cent to be any use
  C. If you cannot estimate task durations to within 20 per cent there is no point in developing a schedule.
  D. The project manager should always add 10 cent to peoples duration estimates to allow for natural optimism
  A. Post project reviews are a prime source of estimating data.