The best high pass-rate APM-PMQ Exam Cram Materials: APM Project Management Qualification (PMQ) Exam - ExamsReviews
The best high pass-rate APM-PMQ Exam Cram Materials: APM Project Management Qualification (PMQ) Exam - ExamsReviews
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APM Project Management Qualification (PMQ) Exam Sample Questions (Q37-Q42):
NEW QUESTION # 37
You are managing a project to transform your organization's ways of working. You are currently in the definition phase, working with team members and stakeholders to establish the project's scope. Because the project impacts the entire organization, it is highly visible. As such, there are many highly invested stakeholders to manage, and the project's budget is under tight scrutiny.
Identify two techniques that can be used to gather requirements from stakeholders with limited time:
Answer:
Explanation:
See the Explanation for both solutions in detail:
Explanation:
Workshops and Focus Groups
Detailed Explanation:
* Workshops:Allows gathering insights efficiently from multiple stakeholders at once.
* Focus Groups:Helps gain deep insights from key stakeholders in a time-constrained setting.
Impacts of Failing to Gather Stakeholder Requirements:
* Project Budget:Scope creep can lead to unplanned costs, exceeding the budget.
* Project Success:Deliverables may fail to meet stakeholder needs, leading to dissatisfaction.
NEW QUESTION # 38
You are managing a project to develop and deploy a new finance management software system for a client.
The project has been deployed and is now in the post-deployment support phase. This phase requires ongoing technical support and maintenance after the software is deployed. The workload can vary significantly over time, is likely to evolve over time, and quick response times are essential.
Question: Based on the features of different contractual relationships and methods of supplier reimbursement, state the most appropriate contract type for the post-deployment phase. (1 mark) Question: Explain four reasons why this would be the most suitable. (4 marks)
Answer:
Explanation:
See the Explanation for both solutions in detail:
Explanation:
Most Appropriate Contract Type:
Time and Materials (T&M) Contract
The Time and Materials (T&M) contract is the most suitable for the post-deployment support phase of this project. This type of contract allows flexibility and is ideal for scenarios where workload can vary significantly, and the scope of work may evolve over time.
Four Reasons Why T&M is the Most Suitable Contract Type:
* Flexibility to Accommodate Changing Workloads:
* The nature of post-deployment support often involves unpredictable workloads that may vary significantly based on client issues, system updates, and evolving requirements. A T&M contract enables scaling of resources (both time and effort) up or down as needed, ensuring the flexibility required for such scenarios.
* Adaptability to Evolving Scope:
* Since post-deployment support tasks often change over time (e.g., addressing newly discovered bugs, implementing requested features, or handling unexpected incidents), a T&M contract is well-suited as it allows for adaptability without the need for renegotiation.
* Cost-Effective for the Client:
* Clients only pay for the actual time and materials used, making it cost-effective. This ensures that no money is wasted on fixed-price contracts where the estimated scope may not align with the actual effort required.
* Enables Quick Response Times:
* Post-deployment support often demands immediate attention to critical issues to maintain the software's reliability and performance. A T&M contract facilitates rapid allocation of resources as needed, ensuring prompt resolution of issues without delays caused by scope or cost discussions.
NEW QUESTION # 39
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. Use the contingency budget to cover the purchase of additional storage.
- B. Transfer the risk to the supplier.
- C. Tolerate the risk as there may be sufficient storage capacity.
- D. Re-forecast the budget to include the likely additional cost.
Answer: A
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 # 40
You are the project manager for a large-scale rebranding project. During a critical phase, it becomes evident that additional funding is necessary to address unforeseen challenges.
Which role within the project would you approach to authorise the updated business case and secure the necessary funds to ensure the project's continuation?
- A. Quality manager.
- B. Project steering board.
- C. Product owner.
- D. Project sponsor.
Answer: D
Explanation:
Detailed Explanation:
* Theproject sponsoris responsible for securing and authorizing funding for the project.
NEW QUESTION # 41
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 # 42
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