Apm Pmq Exam Revision Questions And Correct Answers 2024/2025 Complete Solutions

The Business Case {Ans: Provides justification for undertaking a project or programme. It evaluates the benefits, cost and risk of alternative options and provides reasoning behind the preferred solution}Define leadership {Ans: The ability to establish vision and direction, to influence and align others towards a common purpose and to empower and inspire people to achieve success.}What are the benefits of budgeting and cost control? {Ans: *Visibility of project cash flow* - Allows understanding of when payments are due to be made and assess available funding *Establish payment terms (customer / supplier)* - Payment terms impact cash flow so PM used budgeting to negotiate terms with customer and supplier. *Improved financial reporting* - Accurate view of project costs informs decisions regarding financial commitments. *Informed decision making* - Accurate and timely financial data allows better decisions i.e. project termination. *Understand impact on profit & loss* - Accurate data on accruals, forecasts, and commitments are needed for the company P& L statement *Analyse impact of budget changes* - changes to budget must analysed for cost and legal (contractual) commitments. *Use at stage gates*}Name the five Team Development Stages (Tuckman) and how a manager should adapt his style in each stage,