Pass the GAQM APM APM-001 Questions and answers with CertsForce

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Viewing questions 106-120 out of questions
Questions # 106:

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

Options:

A.

Sensitivity analysis


B.

Three-point estimate


C.

Modeling and simulation


D.

Expected monetary value analysis


Expert Solution
Questions # 107:

The project budget is set at $150,000. The project duration is planned to be one year. At the completion of Week 16 of the project, the following information is collected: Actual cost = $50,000, Plan cost = $45,000, Earned value = $40,000. What is the cost performance index?

Options:

A.

0.8


B.

0.89


C.

1.13


D.

1.25


Expert Solution
Questions # 108:

After Define Activities and Sequence Activities, the next process is:

Options:

A.

Estimate Activity Resources.


B.

Estimate Activity Durations,


C.

Develop Schedule.


D.

Control Schedule.


Expert Solution
Questions # 109:

Risk responses reflect an organization's perceived balance between:

Options:

A.

risk taking and risk avoidance.


B.

known risk and unknown risk.


C.

identified risk and analyzed risk.


D.

varying degrees of risk.


Expert Solution
Questions # 110:

Which of the following are three inputs to the risk register?

Options:

A.

Risk register updates, stakeholder register, and quality management plan


B.

Communication management plan, enterprise environmental factors, and activity duration estimates


C.

Risk management plan, activity cost estimates, and project documents


D.

Project scope statement, organizational process assets, and scope baseline


Expert Solution
Questions # 111:

The correct equation for schedule variance (SV) is earned value:

Options:

A.

minus planned value [EV - PV].


B.

minus actual cost [EV - AC].


C.

divided by planned value [EV/PV],


D.

divided by actual cost [EV/AC].


Expert Solution
Questions # 112:

The group technique that enhances brainstorming with a voting process used to rank the most useful ideas for prioritization is called the:

Options:

A.

majority rule technique.


B.

nominal group technique.


C.

Delphi technique,


D.

idea/mind mapping technique.


Expert Solution
Questions # 113:

Which of the following is a group decision-making technique?

Options:

A.

Brainstorming


B.

Focus groups


C.

Affinity diagram


D.

Plurality


Expert Solution
Questions # 114:

Administer Procurements is part of which Process Group?

Options:

A.

Planning


B.

Executing


C.

Monitoring and Controlling


D.

Closing


Expert Solution
Questions # 115:

Which characteristics do effective project managers possess?

Options:

A.

Project management knowledge, performance skills, and personal effectiveness


B.

Preparedness, project management knowledge, and personality characteristics


C.

General management, preparedness, and project management knowledge


D.

Assertiveness, collaboration, and performance skills


Expert Solution
Questions # 116:

The processes required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project has been undertaken to achieve are grouped within which Process Group?

Options:

A.

Initiating


B.

Planning


C.

Executing


D.

Monitoring and Controlling


Expert Solution
Questions # 117:

In which type of contract are the performance targets established at the onset and the final contract price determined after completion of all work based on the sellers performance?

Options:

A.

Firm-Fixed-Price (FFP)


B.

Fixed Price with Economic Price Adjustments (FP-EPA)


C.

Fixed-Price-Incentive-Fee (FPIF)


D.

Cost Plus Fixed Fee (CPFF)


Expert Solution
Questions # 118:

Which statement is true about the project management body of knowledge?

Options:

A.

Recognized by every project manager


B.

Constantly evolving


C.

The sum of all knowledge related to project management


D.

A sum of knowledge that should be applied on every project


Expert Solution
Questions # 119:

When a permitting agency takes longer than planned to issue a permit, this can be described as a risk:

Options:

A.

event.


B.

response,


C.

perception.


D.

impact.


Expert Solution
Questions # 120:

Risk exists the moment that a project is:

Options:

A.

planned.


B.

conceived.


C.

chartered.


D.

executed.


Expert Solution
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Viewing questions 106-120 out of questions