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APM-001 GAQM Associate in Project Management (APM) Free Practice Exam Questions (2025 Updated)

Prepare effectively for your GAQM APM-001 Associate in Project Management (APM) certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.

Page: 7 / 8
Total 704 questions

The completion of the project scope is measured against the:

A.

requirements documentation.

B.

project scope statement.

C.

project management plan.

D.

work performance measurements.

Which type of contract is a hybrid of both a cost-reimbursable and a fixed-price contract?

A.

Cost Plus Award Fee Contract (CPAF)

B.

Firm-Fixed -Price Contract (FFP)

C.

Time and Material Contract (T&M)

D.

Cost Plus Incentive Fee Contract (CPIF)

Which of the following is a tool and technique used to monitor risk?

A.

Technical performance measurement

B.

Cost performance baseline

C.

Benchmarking

D.

Cost of quality

Activity cost estimates are quantitative assessments of the probable costs required to:

A.

Create WBS.

B.

complete project work.

C.

calculate costs.

D.

Develop Project Management Plan.

The application of knowledge, skills, tools, and techniques to project activities to meet project requirements describes management of which of the following?

A.

Project

B.

Scope

C.

Contract

D.

Program

Which statement correctly describes the value of a business case?

A.

It provides the necessary information to determine if a project is worth the required investment.

B.

It provides for alternative dispute resolution procedures in event of contract default.

C.

It offers one of several alternative scenarios which assist in performing qualitative risk analysis.

D.

It is used to help a project manager understand the scope of commercial advantages.

In which type of contract are the performance targets established at the onset and the final contract price determined after completion of all work based on the sellers performance?

A.

Firm-Fixed-Price (FFP)

B.

Fixed Price with Economic Price Adjustments (FP-EPA)

C.

Fixed-Price-Incentive-Fee (FPIF)

D.

Cost Plus Fixed Fee (CPFF)

Under which type of contract does the seller receive reimbursement for all allowable costs for performing contract work, as well as a fixed-fee payment calculated as a percentage of the initial estimated project costs?

A.

Cost Plus Fixed Fee Contract (CPFF)

B.

Cost Plus Incentive Fee Contract (CPIF)

C.

Firm Fixed Price Contract (FFP)

D.

Fixed Price with Economic Price Adjustment Contract (FP-EPA)

Which Process Group contains the processes performed to complete the work defined in the project management plan to satisfy the project specifications?

A.

Initiating

B.

Planning

C.

Executing

D.

Closing

Which process requires implementation of approved changes?

A.

Direct and Manage Project Execution

B.

Monitor and Control Project Work

C.

Perform Integrated Change Control

D.

Close Project or Phase

After Define Activities and Sequence Activities, the next process is:

A.

Estimate Activity Resources.

B.

Estimate Activity Durations,

C.

Develop Schedule.

D.

Control Schedule.

Inputs to the Plan Risk Management process include the:

A.

cost management plan.

B.

risk management plan,

C.

activity list,

D.

risk register.

Which technique is utilized in the Control Schedule process?

A.

Performance measure

B.

Baseline schedule

C.

Schedule network analysis

D.

Variance analysis

Which input will be used when tasked with developing the human resource plan?

A.

Project management plan

B.

Activity resource requirements

C.

Resource calendar

D.

Project staff assignments

Which index is the calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal?

A.

Estimate at completion

B.

Cost performance

C.

Schedule performance

D.

To-complete performance

The probability and impact matrix is primarily used to:

A.

Quantify risk issues for trends during a quality audit.

B.

Develop a risk register for risk planning.

C.

Evaluate each risk’s importance and priority during Perform Qualitative Risk Analysis.

D.

Define risk and compare impacts during Perform Quantitative Risk Analysis.

In the basic communication model, which term refers to the method that is used to convey the message?

A.

Decode

B.

Encode

C.

Medium

D.

Noise

Which Control Scope input is compared to actual results to determine if corrective action is required for the project?

A.

Scope baseline

B.

Scope management plan

C.

Change management plan

D.

Cost baseline

What is project management?

A.

A logical grouping of project management inputs, outputs, tools, and techniques

B.

Applying knowledge, skills, tools, and techniques to project activities to meet the project requirements

C.

Launching a process that can result in the authorization of a new project

D.

A formal, approved document that defines how the project is executed, monitored, and controlled

Administer Procurements is part of which Process Group?

A.

Planning

B.

Executing

C.

Monitoring and Controlling

D.

Closing

A tool and technique used during the Define Scope process is:

A.

facilitated workshops.

B.

observations.

C.

questionnaires and surveys.

D.

group creativity techniques.

The item that provides more detailed descriptions of the components in the work breakdown structure (WB5) is called a WBS:

A.

dictionary.

B.

chart.

C.

report.

D.

register.

Which of the following is an input to Direct and Manage Project Execution?

A.

Performance reports

B.

Project charter

C.

Outputs from planning processes

D.

Enterprise environmental factors

Which of the following response strategies are appropriate for negative risks or threats?

A.

Share, Accept, Transfer, or Mitigate

B.

Exploit, Enhance, Share, or Accept

C.

Mitigate, Share, Avoid, or Accept

D.

Avoid, Mitigate, Transfer, or Accept

Which of the following is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen?

A.

Sensitivity analysis

B.

Three-point estimate

C.

Modeling and simulation

D.

Expected monetary value analysis

Which type of dependency is contractually required or inherent in the nature of the work?

A.

External

B.

Lead

C.

Discretionary

D.

Mandatory

The process for performing variance analysis may vary, depending on:

A.

scenario building, technology forecasting, and forecast by analogy.

B.

working relationships among various stakeholders and team members.

C.

application area, the standard used, and the industry,

D.

work to be completed next.

An input of the Create WBS process is:

A.

requirements documentation.

B.

scope baseline.

C.

project charter.

D.

validated deliverables.

Which of the following is a tool or technique used in the Determine Budget process?

A.

Variance analysis

B.

Three-point estimating

C.

Bottom-up estimating

D.

Historical relationships

The process of identifying specific actions to be performed to produce project deliverables is:

A.

Define Activities.

B.

Create WBS.

C.

Define Scope.

D.

Develop Schedule.

Page: 7 / 8
Total 704 questions
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