100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
APM PMQ EXAM REVISION BOK 7 2024 REVISED ACTUAL EXAM NEWEST VERSION REVISED 270 QUESTION AND CORRECT ANSWER FROM VERIFIED SOURCES RATED A GRADE. $16.99   Add to cart

Exam (elaborations)

APM PMQ EXAM REVISION BOK 7 2024 REVISED ACTUAL EXAM NEWEST VERSION REVISED 270 QUESTION AND CORRECT ANSWER FROM VERIFIED SOURCES RATED A GRADE.

 7 views  2 purchases
  • Course
  • APM PMQ REVISION BOK 7 2024 REVISED
  • Institution
  • APM PMQ REVISION BOK 7 2024 REVISED

APM PMQ EXAM REVISION BOK 7 2024 REVISED ACTUAL EXAM NEWEST VERSION REVISED 270 QUESTION AND CORRECT ANSWER FROM VERIFIED SOURCES RATED A GRADE.

Preview 4 out of 103  pages

  • August 28, 2024
  • 103
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • APM PMQ REVISION BOK 7 2024 REVISED
  • APM PMQ REVISION BOK 7 2024 REVISED
avatar-seller
teachme2expert
APM PMQ EXAM REVISION BOK 7 2024 REVISED
ACTUAL EXAM NEWEST VERSION 2024-2025 REVISED
270 QUESTION AND CORRECT ANSWER FROM VERIFIED
SOURCES RATED A GRADE.


What are the five criteria for a successful project? ✔✔CORRECT
ANSWER✔✔Time, cost, quality, risk & benefits


Project Management ✔✔CORRECT ANSWER✔✔The application of
processes, methods, knowledge, skills and experience to achieve the
project objectives


Programme Management ✔✔CORRECT ANSWER✔✔The coordinated
management of projects and change manage activities to achieve
beneficial change


Benefits Management ✔✔CORRECT ANSWER✔✔The identification,
definition, planning, tracking and realisation of business benefits
Advantages of project management software ✔✔CORRECT
ANSWER✔✔Excellent reporting tool
What-if analysis
Progress tracking
Quick calculations

,Earned value calculation ✔✔CORRECT ANSWER✔✔is the value of
completed work expressed in terms of the budget assigned to that
work. A measure of progress which may be expressed in cost or labour
hours
% complete x budget


Cost variance calculation ✔✔CORRECT ANSWER✔✔BCWP (budgeted
cost of work performed) - ACWP (actual cost of work performed)


i.e. (EV - AC)


Schedule variance calculation ✔✔CORRECT ANSWER✔✔BCWP (budget
cost of work performed) - BCWS (budget cost of work scheduled)


i.e. (EV - PC)


Cost Performance Index calculation ✔✔CORRECT ANSWER✔✔BCWP
(budget cost of work performed) / ACWP (actual cost of work
performed)


i.e. (EV / AC)

,Schedule Performance Index calculation ✔✔CORRECT
ANSWER✔✔BCWP (budget cost of work performed) / BCWS (budget
cost of work scheduled)


i.e. (EV / PC)


Estimate at completion calculation (not in book) ✔✔CORRECT
ANSWER✔✔Budget at completion / CPI


Final duration calculation (not in book) ✔✔CORRECT
ANSWER✔✔Projected duration / SPI


Benefits of EVM ✔✔CORRECT ANSWER✔✔Useful for monitoring,
tracking and reforecasting cost and schedule, and for paying suppliers
on the basis of work done.


Simpler project reporting (KPIs)
Highlight estimating errors
Facilitate forecasting of cost and time
Facilitates tighter controls of direct costs
Help justify corrective action
Identifies where early termination of project is required

, Information management components ✔✔CORRECT ANSWER✔✔CS
DAD


Collect
Store
Disseminate
Archive
Destroy


Arguments against the use of EVM ✔✔CORRECT ANSWER✔✔Requires
frequent information on costs
Forecasts are based on no corrective action
Can lead to a lack of focus on quality
Oversimplified
Doesn't work for some project methods (agile)


Risk management stages ✔✔CORRECT ANSWER✔✔IIAPI - Update risk
log


Initiate
Identify
Assess
Respond

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller teachme2expert. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $16.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$16.99  2x  sold
  • (0)
  Add to cart