GAQM APM-001 APM Exam Practice Test Instant Access

Question 1

The probability and impact matrix is primarily used to:

AQuantify risk issues for trends during a quality audit.

BDevelop a risk register for risk planning.

CEvaluate each risk's importance and priority during Perform Qualitative Risk Analysis.

DDefine risk and compare impacts during Perform Quantitative Risk Analysis.

Answer : C

Question 2

At which stage of team development do members begin to work together, adjust work habits, and trust each other?

AForming

BStorming

CNorming

DPerforming

Answer : C

Question 3

When cost variance is negative and schedule variance is positive, the project is:

Aunder budget and behind schedule.

Bover budget and ahead of schedule.

Con schedule.

Dcomplete; all planned values have been earned.

Answer : B

Question 4

Which statement correctly describes the value of a business case?

AIt provides the necessary information to determine if a project is worth the required investment.

BIt provides for alternative dispute resolution procedures in event of contract default.

CIt offers one of several alternative scenarios which assist in performing qualitative risk analysis.

DIt is used to help a project manager understand the scope of commercial advantages.

Answer : A

Question 5

Risk responses reflect an organization's perceived balance between:

Arisk taking and risk avoidance.

Bknown risk and unknown risk.

Cidentified risk and analyzed risk.

Dvarying degrees of risk.

Answer : A

Question 6

Identify Stakeholders is the process of identifying all of the people or organizations impacted by the project and documenting relevant information regarding their interests in, involvement in, and impact on the project:

Amanager.

Bsuccess.

Cdeadline.

Dscope.

Answer : B

Question 7

Which of the following response strategies are appropriate for negative risks or threats?

GAQM APM-001 Associate in Project Management APM Exam Practice Test