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APM Project Management Qualification (PMQ) Exam Exam Questions Pdf & APM-PMQ Test Training Demo & APM Project Management Qualification (PMQ) Exam Test Online Engine

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APM Project Management Qualification (PMQ) Exam Sample Questions (Q18-Q23):

NEW QUESTION # 18
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. Transfer the risk to the supplier.
D. Tolerate the risk as there may be sufficient storage capacity.

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 # 19
Which of the following are not typical responses to risks?
* Complete root cause analysis to understand why the situation has occurred.
* Reduce the probability of the threat occurring or the impact on the project.
* Change objectives or practices to change the cause of the threat so it can no longer occur.
* There are no acceptable or viable approaches to take to avoid or reduce, so the threat and any residual risk must be managed.
* Prepare a risk management plan to document the risk and give it to your sponsor.
* Pass the responsibility for bearing the impact of the threat from one party to another.

A. 2 and 6.
B. 3 and 4.
C. 1 and 5.
D. 4 and 5.

Answer: D

Explanation:
Detailed Explanation:
* Preparing a risk management plan (5) is part of risk planning, not a direct response to risks.

NEW QUESTION # 20
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 # 21
You are overseeing a construction project for a new retail center. Midway through the project, the design team proposes a significant change to the building's layout, which they argue will improve overall functionality and therefore present better value for money. However, this change would require demolishing and rebuilding a section of the structure.
Given the proposed changes, outline five actions you would take to evaluate the change request to provide an appropriate recommendation.

Answer:

Explanation:
See the Explanation for both solutions in detail:
Explanation:
* Conduct a cost-benefit analysis.
* Review the project scope and objectives.
* Assess risks associated with the change.
* Engage stakeholders for input and alignment.
* Develop a recommendation document.
Detailed Explanation:

NEW QUESTION # 22
Which of the below would not usually be recorded within a change request?

A. Stakeholder opinion.
B. Area(s) of impact.
C. Cost estimates.
D. Benefits.

Answer: A

Explanation:
Detailed Explanation:
* Stakeholder opinion is generally gathered during requirements or stakeholder management but is not a standard part of a formal change request.

NEW QUESTION # 23
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