APM PMQ LO2 - Project Lifecycles Exam Practice Questions and Answers
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Course
APM PMQ
Institution
APM PMQ
APM PMQ LO2 - Project Lifecycles Exam
Practice Questions and Answers
What is a lifecycle? - ANSWERA framework comprising a series of distinct high-level phases and
stages required to transform an idea or concept into reality in an orderly and efficient manner
Name and 3 lifecycles and state how...
• Transition - Handover from the temporary project to BAU
• Benefits realisation - Project is over, product is being used for the intended purpose
Why would we break projects down under the linear (waterfall approach?) - ANSWER✔✔• Provides a
framework for budgeting, scheduling, allocating resources and assigning them to team members/experts
• Supports governance through a series of control points/gates (go/no go decision points) which ensure
only viable projects continue and provides opportunities for budget/timescale/stakeholder expectation
revision
• Provides a common structure for consistency across an organisation, therefore easier to manage, train
for, move between projects and share lessons learned
• Makes project easier to compare/contrast for senior management with each phase able to be treated
as a mini project and for easy communication about progress across the organisation
Differentiate between the project, extended project and product life cycle? (high level) - ANSWER✔✔•
The project lifecycle focuses on creating the product and handing it over (output)
• The extended project lifecycle included the project lifecycle but also the time over which the product is
adopted and the benefits realised (outcome)
• The product lifecycle includes the project lifecycle, extended project lifecycle and the termination of
the product
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