GAQM APM-001 Online Access

Associate in Project Management (APM) Questions and Answers

Question 9

A tool or technique in Perform Quality Control that a project manager would use is:

quality audits.

process analysis.

benchmarking.

inspection.

Question 10

Which cost estimate technique includes contingencies to account for cost uncertainty?

Vendor bid analysis

Three-point estimates

Parametric estimating

Reserve analysis

Question 11

What is the most accurate rough order of magnitude (ROM)?

In the Initiation phase, the estimate is in the range of +/- 50%.

In the Planning phase, the estimate is in the range of +/- 50%.

In the Monitoring and Controlling phase, the estimate is in the range of +/- 15%.

In the Closing phase, the estimate is in the range of +/- 15%.

Question 12

The Project Management Process Group in which performance is observed and measured regularly from project initiation through completion is:

Executing.

Initiating,

Monitoring and Controlling.

Planning.