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APM Exam APM-PMQ Topic 1 Question 1 Discussion

Actual exam question for APM's APM-PMQ exam
Question #: 1
Topic #: 1
[All APM-PMQ Questions]

SIMULATION

What are two benefits of governance in risk and issue management?

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Suggested Answer: A

Improved Decision-Making:

Governance ensures a structured approach to identifying, assessing, and mitigating risks and issues.

With standardized frameworks and processes in place, decision-makers have reliable data to make informed and timely decisions.

For example, using a centralized risk register ensures all risks are visible, allowing for prioritization based on impact and probability.

Accountability and Oversight:

Governance establishes clear roles and responsibilities for managing risks and issues.

This fosters transparency and ensures that risks and issues are addressed by the appropriate individuals or teams within the project.

It also enables effective monitoring and reporting, ensuring that all stakeholders are aware of potential threats and mitigation plans.


by Reita at Jan 09, 2025, 08:11 AM

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Ira
1 months ago
Governance? Sounds like a fancy way of saying 'rules and regulations'. But I guess they're there for a reason.
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Anisha
13 days ago
It also provides clear roles and responsibilities for managing risks and issues.
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Devora
14 days ago
Yes, governance helps ensure compliance with policies and procedures.
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Rodolfo
1 months ago
I think governance helps in making sure that everyone knows what they are supposed to do and who is responsible for what.
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Lorrine
1 months ago
Governance is like a roadmap for our risk and issue management. It keeps us from getting lost.
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Nickole
23 hours ago
Governance is essential for effective risk and issue management.
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Gerry
16 days ago
It provides clear guidelines and procedures for managing risks and issues.
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Valentin
25 days ago
It helps ensure accountability and transparency in decision-making.
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Almeta
1 months ago
Ensuring accountability and transparency
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Vallie
1 months ago
Governance? More like 'governance-in-a-box'! But hey, it's better than chaos, right?
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Annalee
17 days ago
Agreed, having structure in place can prevent a lot of headaches down the road.
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Enola
25 days ago
True, it may feel restrictive at times, but it definitely beats the alternative.
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Claudia
28 days ago
It also ensures that there are proper processes in place to address risks and issues.
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Robt
1 months ago
Yes, governance helps to establish clear roles and responsibilities.
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Rodolfo
1 months ago
Having clear roles and responsibilities
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Iluminada
2 months ago
Governance helps us stay on track and make informed decisions. I'm all for it!
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Stevie
16 days ago
Having clear roles and responsibilities is crucial for effective risk and issue management.
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Arlean
19 days ago
It also helps in identifying and addressing risks and issues proactively.
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Breana
20 days ago
I agree, governance provides structure and accountability.
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