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APM-001 Questions and Answers

Question # 1

At the end of the project, what will be the value of SV?

A.

Positive

B.

Zero

C.

Negative

D.

Greater than one

Question # 2

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.

Question # 3

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

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