APM APM-PFQ - APM Project Fundamentals Qualification (PFQ)

provide confidence the project will satisfy the relevant quality standards.

determine a set of procedures and standards for project management.

inspect, measure and test deliverables and processes.

define the scope and specifics of a project's deliverables

It provides details of the overarching approach to be taken to move the current to a future desirable state using a coordinated and structured approach.

It evaluates the benefit, cost and risk of alternative project options and provides a rationale for the preferred solution.

It demonstrates the relationship between the costs of undertaking a project, initial and recurrent, and the benefits likely to arise from the changed situation, initially and recurrently.

It describes each major element in the work breakdown structure (WBS) describing the work content, resources required, the time frame of the work element and a cost estimate.

reporting.

control.

assurance.

planning.

The management of a routine operation.

A functional team doing a repetitive task.

It has an agreed timescale.

No specific objectives for change.

1, 2 and 3

1, 2 and 4

2, 3 and 4

1, 3 and 4

Accuracy,

Ability to deal With detailed information.

Independence from historic data.

Speed.

Planned communication will help to establish the level of interest and power a stakeholder is likely to possess.

Planned communication will increase the number of stakeholders who are likely to have an interest in the project.

Planned communication will reduce the power of stakeholders who are likely to have an interest in the project.

Planned communication is likely to reduce the number Of valid stakeholders who have an interest in the project.

manager.

sponsor.

steering group (board).

senior user.

An approximation of project time and cost targets, refined throughout the project life cycle.

A prediction of a future condition or event based on information or knowledge available now.

The value of useful work done at any given point in a project to give a measure of progress.

A situation that affects or influences the outcome of the project expressed in time or cost term

decision gate.

feasibility study.

milestone review.

evaluation review.