Exactprep APM-PFQ Questions

APM Project Fundamentals Qualification (PFQ) Questions and Answers

Question 45

The accuracy of an estimate should:

decrease as a project progresses through its life cycle.

increase as a project progresses through its life cycle.

stay constant throughout the project life cycle.

vary independently of where the project is in its life cycle

Question 46

When delivering a project the Project Manager has to balance which one of the following constraints:

definition and delivery.

time, cost and quality.

cost and scope.

budget, spend and contingency

Question 47

When the project progresses through the life cycle. which one of the following aspects would be expected to occur?

The accuracy of the estimate reduces and the level of contingency requirement increases.

The accuracy of the estimate increases and the level of contingency requirement reduces.

The accuracy and level Of contingency requirement both increase.

The accuracy and level of contingency requirement both reduce.

Question 48

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

Accuracy,

Ability to deal With detailed information.

Independence from historic data.

Speed.