GAQM APM-001 APM Practice Questions| TestInsights

Question 1

The three processes of Project Cost Management are:

AEstimate Costs, Control Schedule, and Control Costs.

BEstimate Costs, Determine Budget, and Estimate Activity Resources.

CDetermine Budget, Control Schedule, and Estimate Activity Resources.

DEstimate Costs, Determine Budget, and Control Costs.

Correct : D

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AEstimate Costs, Control Schedule, and Control Costs.

BEstimate Costs, Determine Budget, and Estimate Activity Resources.

CDetermine Budget, Control Schedule, and Estimate Activity Resources.

DEstimate Costs, Determine Budget, and Control Costs.

Question 2

Which of the following is an output of the Conduct Procurements process?

AProject statement of work

BSelected sellers

CRisk register updates

DTeaming agreements

Correct : B

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AProject statement of work

BSelected sellers

CRisk register updates

DTeaming agreements

Question 3

The technique of subdividing project deliverables into smaller, more manageable components until the work and deliverables are defined to the work package level is called:

Aa control chart.

Bbaseline.

CCreate WBS.

Ddecomposition.

Correct : D

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Aa control chart.

Bbaseline.

CCreate WBS.

Ddecomposition.

Question 4

Which baselines make up the performance measurement baseline?

AScope baseline, cost baseline, and schedule baseline

BScope baseline, project management baseline, and quality baseline

CCost baseline, schedule baseline, and risk baseline

DCost baseline, project management baseline, and schedule baseline

Correct : A

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AScope baseline, cost baseline, and schedule baseline

BScope baseline, project management baseline, and quality baseline

CCost baseline, schedule baseline, and risk baseline

DCost baseline, project management baseline, and schedule baseline

Question 5

Which of the following is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen?

ASensitivity analysis

BThree-point estimate

CModeling and simulation

DExpected monetary value analysis

Correct : D

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ASensitivity analysis

BThree-point estimate

CModeling and simulation

DExpected monetary value analysis

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