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APM-001 Exam Dumps - GAQM: Project Management Questions and Answers

Question # 54

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

Options:

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)

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Question # 55

Which of the following is an input to Develop Human Resource Plan?

Options:

A.

Team performance assessment

B.

Roles and responsibilities

C.

Staffing management plan

D.

Enterprise environmental factors

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Question # 56

Whose approval may be required for change requests after change control board (CCB) approval?

Options:

A.

Functional managers

B.

Business partners

C.

Customers or sponsors

D.

Subject matter experts

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Question # 57

Which output of Project Cost Management consists of quantitative assessments of the probable costs required to complete project work?

Options:

A.

Activity cost estimates

B.

Earned value management

C.

Cost management plan

D.

Cost baseline

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Question # 58

Which statement is true about the project management body of knowledge?

Options:

A.

Recognized by every project manager

B.

Constantly evolving

C.

The sum of all knowledge related to project management

D.

A sum of knowledge that should be applied on every project

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Question # 59

Exhibit A is an example of which of the following types of Sequence Activities?

Options:

A.

Activity-on-arrow diagramming

B.

Precedence diagramming

C.

Project schedule network diagramming

D.

Mathematical analysis diagramming

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Question # 60

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?

Options:

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)

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Question # 61

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

Options:

A.

Create WBS.

B.

complete project work.

C.

calculate costs.

D.

Develop Project Management Plan.

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Question # 62

The project has a current cost performance index of 0.80. Assuming this performance wi continue, the new estimate at completion is $1000. What was the original budget at completion for the project?

Options:

A.

$800

B.

$1000

C.

$1250

D.

$1800

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Question # 63

A large portion of a projects budget is typically expended on the processes in which Process Group?

Options:

A.

Executing

B.

Planning

C.

Monitoring and Controlling

D.

Closing

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Exam Code: APM-001
Exam Name: Associate in Project Management (APM)
Last Update: Feb 23, 2025
Questions: 0
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