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GAQM APM-001 Exam Questions
Associate in Project Management (APM) (Page 11 )

Updated On: 24-Feb-2026
Page 11 of 112
PDF with 704 Questions

When painting a bedroom, preparing the walls can be done while the paint is being chosen. This is an example of a:

  1. lead
  2. lag
  3. mandatory dependency
  4. internal dependency

Answer(s): A



Which action is included in the Control Costs process?

  1. Identify how the project costs will be planned, structured, and controlled
  2. Determine policies, objectives, and responsibilities to satisfy stakeholder needs
  3. Develop an approximation of the monetary resources needed to complete project activities
  4. Monitor cost performance to isolate and understand variances from the approved cost baseline

Answer(s): D



What is the risk rating if the probability of occurrence is 0.30 and the impact if it does occur is moderate (0.20)?

  1. 0.03
  2. 0.06
  3. 0.10
  4. 0.50

Answer(s): B



A complete set of concepts, terms, and activities that make up an area of specialization is known as:

  1. a Knowledge Area
  2. a Process Group
  3. program management
  4. portfolio management

Answer(s): A



The risk response strategy in which the project team acts to reduce the probability of occurrence or impact of a risk is known as:

  1. exploit
  2. avoid
  3. mitigate
  4. share

Answer(s): C






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