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The emerging field of information technology has created a vast space for APM APM-PMQ certification exam holders to get promotions and high-paying jobs. Thousands of candidates don't clear the APM Project Management Qualification (PMQ) Exam (APM-PMQ) exam because they have short time and they don't prepare for the APM-PMQ exam questions. It results in a loss of time, money, and confidence. ValidExam is here to save you from this unfortunate situation with its Real APM-PMQ Exam Questions. These APM APM-PMQ Exam Questions are enough to ace the APM-PMQ exam and move forward into APM sector with full ease and confidence.
APM APM-PMQ Exam Syllabus Topics:
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APM Project Management Qualification (PMQ) Exam Sample Questions (Q25-Q30):
NEW QUESTION # 25
You are leading a large-scale information technology project to migrate your company's data to the latest hardware. The delivery is being led by third-party suppliers, who were not involved in the design phase. The supplier has completed their capacity planning and has raised a potential risk that the current data may exceed the storage capacity of the new hardware purchased.
What type of risk response would you choose to mitigate this risk?
- A. Re-forecast the budget to include the likely additional cost.
- B. Use the contingency budget to cover the purchase of additional storage.
- C. Tolerate the risk as there may be sufficient storage capacity.
- D. Transfer the risk to the supplier.
Answer: B
Explanation:
Detailed Explanation:The best approach is to use the contingency budget because:
* Defined Risk Response:Contingency budgets are designed to handle identified risks without impacting the project's main budget.
* Stakeholder Agreement:It avoids escalating disputes with suppliers by addressing the issue proactively.
* Unsuitable Options:
* A: Tolerating the risk is impractical when the risk is confirmed.
* B: Re-forecasting creates unnecessary delays and increases costs.
* D: Transferring risk to the supplier could damage partnerships.
NEW QUESTION # 26
Which of the following statements does not describe the importance of linking projects to an organisation's objectives?
- A. Projects unrelated to organisational objectives are typically more successful due to their independence from organisational constraints.
- B. Linking projects to organisational objectives facilitates better decision-making and prioritisation of initiatives.
- C. Aligning projects with organisational objectives ensures that resources are allocated efficiently and effectively.
- D. Projects not aligned with organisational objectives are typically less likely to secure adequate funding.
Answer: A
Explanation:
Detailed Explanation:
NEW QUESTION # 27
Which of the activities below would provide final assurance of a project?
- A. Allocation and approval of the project budget.
- B. Testing of a product.
- C. Troubleshooting a technical fault.
- D. Developing organizational policies.
Answer: B
Explanation:
Detailed Explanation:
NEW QUESTION # 28
You are in the design phase of a project to deliver offices on a newly acquired plot of land. You have now completed extra surveys and discovered that the ground conditions are a lot softer than expected, meaning the design and delivery will be far more complex and costly. You did not account for this in your risk register.
Which of the following statements about the project business case is true?
- A. The business case contained assumptions which should be reviewed against the cost-benefit analysis.
- B. The business case has already been signed off, so the project should continue as planned.
- C. The project sponsor did not properly evaluate all available options in the business case.
- D. There is a strong strategic case for the project to continue, even if it is late or over budget.
Answer: A
Explanation:
Detailed Explanation:
NEW QUESTION # 29
You are managing a project that is approaching its final phase and is soon to be handed over to the operations team. One of the critical aspects of this transition is the effective engagement of stakeholders.
Answer:
Explanation:
See the Explanation for both solutions in detail:
Explanation:
Describe three key strategies you would use to engage stakeholders in agreeing to a transition plan (3 marks):
* Regular communication: Conduct consistent updates to build trust and clarify expectations.
* Collaborative workshops: Involve stakeholders in planning workshops to foster ownership.
* Tailored stakeholder engagement: Address individual needs with customized communication.
Explain two ways you would ensure the transfer of risks is understood and accepted by all stakeholders involved in the transition (2 marks):
* Documented risk register: Provide a clear and shared record of risks with mitigation strategies.
* Risk workshops: Conduct sessions to explain residual risks and their management post-transition.
Detailed Explanation:
NEW QUESTION # 30
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