APM APM-PFQ Exam Actual Questions

Name: APM Project Fundamentals Qualification
Brand: QA4Exam
SKU: APM-PFQ
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The questions for APM-PFQ were last updated on Oct 2, 2024.

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Question No. 1

What is the prime advantage of using a parametric estimating method?

AAccuracy,

BAbility to deal With detailed information.

CIndependence from historic data.

DSpeed.

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Correct Answer: A

Question No. 2

Which of the following statements about estimating is true?

APost project reviews are a prime source of estimating data.

BAn estimated cost for a project must be 10 per cent to be any use

CIf you cannot estimate task durations to within 20 per cent there is no point in developing a schedule.

DThe project manager should always add 10 cent to peoples duration estimates to allow for natural optimism

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Correct Answer: A

Question No. 3

The project you are working on has chosen to produce an estimate using a detailed work breakdown structure (WBS). What estimating method is this approach commonly known as?

AComparative estimating.

BBottom-up/analytical estimating.

CStrategic estimating.

DParametric estimating.

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Correct Answer: B

Question No. 4

The concept that describes how estimating accuracy changes through the project life cycle is termed:

Aestimating risk.

Bestimating funnel.

Cnormal values.

Dparametric estimating.

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Correct Answer: B

Question No. 5

What is the estimating method that uses data from a similar project as the basis for the estimate?

AEvaluative estimating.

BRisk based estimating.

CAnalogous estimating.

DAnalytical estimating.

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Correct Answer: C

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