Apm Pmq Exam Revision With 100% Correct Answers 2024

A project risk is defined as.... {Ans: The exposure of stakeholders to the consequences of variations in outcome. It is the overall risk affecting the whole project, defined by components associated with risk events, other sources of uncertainty and associated dependencies , to be managed at a strategic level.}Name five of the eleven principles of GoPM (expressed as aspirational as-is states). {Ans: 1.) The board have overall responsibility 2.) The roles, responsibilities and performance criteria for good governance are clearly defined. 3.) Disciplined governance arrangements are instituted with controls in place throughout 4.) A coherent and supportive relationship is demonstrated between strategy and the portfolio 5.) All projects have an approved plan containing authorization points 6.) Members of delegated authorisation bodies have sufficient representation, competence, authority and resources. 7.) The business case is supported by relevant and realistic information to enable decisionmaking 8.) Senior execs decide when independent scrutiny is required and implement it 9.) There are clearly defined criteria for reporting project status and for the escalation of risks and issues. 10.) The organisations fosters a culture of improvement and frank disclosure/transparancy 11.) Project stakeholders are engaged at levels commensurate with their relative importance in a manner