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Free APM-PFQ Exam Braindumps
APM Project Fundamentals Qualification Questions 166–170 (page: 35)

Updated On: 10-Feb-2026
Page 35 of 83
PDF with 354 Questions

The project management plan is best described as a reference document that confirms:

  1. the project completion date as agreed between the project sponsor, other stakeholders and the project manager.
  2. the agreement between the project sponsor, other stakeholders and the project manager.
  3. the key project milestones as agreed between the project sponsor, other stakeholders and the project manager.
  4. the project start date as agreed between the project sponsor, other stakeholders and the project manager

Answer(s): B



The value of a risk log lies in its ability to provide:

  1. record of all risks, their impact and the actions taken to manage them.
  2. A. record of the ownership of risk and issue management actions.
  3. A. means of assessing the likelihood and impact of risks.
  4. A. structured process for risk management.

Answer(s): A



Which one of the following statements best defines a portfolio?

  1. group of related projects, which may include business-as-usual activities, that delivers change.
  2. A. timetable of how project activities and project milestones are planned over a period of time.
  3. A. group of projects that represent the delivery of all, or a discrete part of a new capability.
  4. A. grouping of an organisation's projects, programmes and related business-as-usual activities.

Answer(s): D



Which one of the following statements about the project management plan (PMP) is FALSE?

  1. The PMP acts as a contract between the Project Manager, the project team and the sponsor.
  2. The PMP defines the baselines for the project upon which changes are considered.
  3. The PMP, once defined, will remain unchanged throughout the project.
  4. The PMP is used as a reference document for managing the project.

Answer(s): C



How is project risk management best defined?

  1. series of actions taken by a project team member or stakeholder to proactively avoid project threats.
  2. A. structured process to optimise project success by minimising threats and maximising opportunities.
  3. A. technique to decompose the project into component parts or discrete groups for programming purposes.
  4. A. framework that allows requirements to be defined and reviewed so that the best project approach is determined.

Answer(s): B



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