BUSINESS AND MANAGEMENT – APM PMQ COMPETENCE TEST 2024 SERIES 3 (BUSINESS CASE QUIZ)
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Course
Business and Management
Institution
Business And Management
Unlock your potential with our comprehensive Business Case Quiz! This expertly crafted quiz delves into key concepts essential for any business and management student. Test your knowledge on critical topics such as Complexity, SWOT Analysis, and PESTLE Analysis, and understand their real-world appl...
BUSINESS MANAGEMENT – APM PMQ COMPETENCE TEST 2024 SERIES 3
BUSINESS CASE QUIZ
NOTE: This is part 3 of a complete series of APM (Association for Project Management) PMQ (Project
Management Qualification) as of September 2024 all you need for your exam preps
Circle the letter of the Definition that corresponds to the displayed Term.
1.
Question: Complexity
A. The presence of multiple influences which may either counter or exacerbate each other in an
unpredictable manner.
B. A technique used to identify the strengths, weaknesses, opportunities and threats inherent in a
project.
C. Insufficient knowledge about the status of one or more aspects of an item of concern.
D. A document providing justification for undertaking a project, programme or portfolio. It evaluates
the benefit, cost and risk of alternative options and provides a rationale for the preferred solution.
Correct Answer: A
Explanation: Complexity refers to the presence of multiple influences that can counter or exacerbate
each other in unpredictable ways, making it challenging to manage and predict outcomes effectively.
2.
Question: SWOT analysis
A. A phrase used to describe an organisational context where there is inherent volatility, uncertainty,
complexity and / or ambiguity that makes it difficult to predict and plan with accuracy.
B. Lack of clarity about the meaning of an event.
C. The presence of multiple influences which may either counter or exacerbate each other in an
unpredictable manner.
D. A technique used to identify the strengths, weaknesses, opportunities and threats inherent in a
project.
Correct Answer: D
Explanation: SWOT analysis is a technique used to identify the strengths, weaknesses, opportunities,
and threats related to a project or organization. It helps in understanding both internal and external
factors that can impact the project's success.
3.
Question: PESTLE analysis
A. The environment within which a project is undertaken. Projects do not exist in a vacuum and an
appreciation of the context within which the project is being performed will assist those involved in
project management to deliver a project.
B. A technique used to identify the strengths, weaknesses, opportunities and threats inherent in a
project.
C. Lack of clarity about the meaning of an event.
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