GAQM APM-001 Exam
Associate in Project Management (APM) (Page 5 )

Updated On: 1-Feb-2026

The lowest level normally depicted in a work breakdown structure (VVBS) is called a/an:

  1. work package
  2. deliverable
  3. milestone
  4. activity

Answer(s): A



At the start of a typical project life cycle, costs are:

  1. low, peak as work is carried out, and drop as the project nears the end.
  2. low, become steady as work is carried out, and increase as the project nears the end.
  3. high, drop as work is carried out, and increase as the project nears the end.
  4. high, become low as work is carried out, and drop as the project nears the end.

Answer(s): D



The cost baseline and project funding requirements are outputs of which process in Project Cost Management?

  1. Estimate Costs
  2. Control Costs
  3. Plan Cost Management
  4. Determine Budget

Answer(s): D



Which term describes an assessment of correctness?

  1. Accuracy
  2. Precision
  3. Grade
  4. Quality

Answer(s): A



Which items are an output of the Perform Integrated Change Control process?

  1. Work performance reports
  2. Accepted deliverables
  3. Project management plan updates
  4. Organizational process assets

Answer(s): C



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