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APM Question and answers already passed 2024/2025 APM: Project Management Hold Harmless Agreement - correct answer A contractual agreement that transfers the liability of one party to another party; The organization or individual is not liable for damages or injuries caused by the individual...

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  • October 3, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • apm question and answers already passed

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APM: Project Management
Hold Harmless Agreement - correct answer ✔A contractual agreement that
transfers the liability of one party to another party; The organization or
individual is not liable for damages or injuries caused by the individual


Lease Premises - correct answer ✔The property that resides on the lease


Easement Agreement - correct answer ✔An agreement that allows limited
use of land owned by someone else


Sidetrack Agreement - correct answer ✔Contract between a railroad and a
business the railroad may service.
The business holds the railroad harmless if an accident occurs while the
railroad is using the sidetrack to deliver goods to the business.


PERT - correct answer ✔Program Evaluation and Review Technique. A
statistical tool used in project management used to analyze and represent
tasks in a given project


Roadway Pavement Management System - correct answer ✔The process of
planning the maintenance and repair of a network of roadways.
1. Inventory
2. Inspection
3. Condition Assessment
4. Condition Prediciton
5. Condition Analysis
6. Work planning

,Protestant work ethic - correct answer ✔the view that a person's duty is to
achieve success through hard work and thrift, such success being a sign that
one is saved.


management by exception - correct answer ✔a control principle that states
that managers should be informed of a situation only if data show a significant
deviation from standards


gap analysis - correct answer ✔Analyzing the current performance versus
the goal/potential performance


ABC Analysis - correct answer ✔Rating inventory in ABC or based on
importance. Inventory of organization is not of equal value.


Value Engineering - correct answer ✔An approach to solve problems
through identifying and eliminating unwanted costs while improving
functionality and quality. Value as a ratio of function to cost. Creating a life-
cycle for the product to minimize overspending.


Critical Path Method - correct answer ✔A method used to estimate the
maximum project duration and determine the amount of scheduling flexibility
on the logical network paths within the schedule model.


Productivity Ratio - correct answer ✔output/input


Downtime - correct answer ✔a period of time when a system is unavailable


Index Numbers - correct answer ✔Used to measure the changes in one or
more variable over a period of time

, Management by Objectives (MBO) - correct answer ✔a program that
encompasses specific goals, participatively set, for an explicit time period,
with feedback on goal progress


Span of Control - correct answer ✔the number of subordinates who report
directly to a manager


Scientific Management - correct answer ✔the application of scientific
principles to increase efficiency in the workplace


Bottleneck - correct answer ✔A point in the production chain where the
limited capacity in one portion causes a reduced capacity of the whole chain.


Aggregates in Bituminous Pavements are tested on... - correct answer
✔Abrasion, soundness, and deleterious material


PSI - correct answer ✔Present Serviceability Index


Minimum thickness for asphalt maintenance by U.S. Federal Highway
Administration - correct answer ✔3/4" minimum thickness


Raveling - correct answer ✔Disintegration of asphalt material from the
surface downward causing a separation of material


Management Science - correct answer ✔The careful, objective study of
management decisions and procedures in order to improve the operation of
businesses and organizations.

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