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APM Fundamentals and Project Management Glossary Question and answers 100% correct 2024/2025
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APM Fundamentals and Project Management Glossary Question and answers 100% correct 2024/2025 APM Fundamentals and Project Management Glossary Acceptance criteria - correct answer The requirements and essential conditions that have to be achieved before a deliverable is accepted Activity - ...

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  • October 3, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
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  • apm fundamentals and project management glossary
  • apm fundamentals and project management glossary q

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APM Fundamentals and Project
Management Glossary
Acceptance criteria - correct answer ✔The requirements and essential
conditions that have to be achieved before a deliverable is accepted


Activity - correct answer ✔(1) A task job operation or process consuming
time and possibly other resources. (2) The smallest self-contained unit of work
in a project.


Adoption - correct answer ✔The optional additional phase in a linear life-
cycle that facilitates the use of project outputs to enable the acceptance and
use of benefits.


Agile - correct answer ✔A family of development methodologies where
requirements and solutions are developed iteratively and incrementally
throughout the life-cycle.


Analogous estimating - correct answer ✔An estimating technique based on
the comparison with and factoring from the cost of similar previous work also
known as comparative estimating.


Analytical estimating - correct answer ✔An estimating technique that uses
detailed specifications to estimate time and cost for each product or activity
also known as bottom-up estimating.


Assurance - correct answer ✔The process of providing confidence to
stakeholders that projects programs and portfolios will achieve their objectives
for beneficial change.

,Baseline - correct answer ✔The reference levels against which a project,
programme or portfolio is monitored and controlled.


Benefit - correct answer ✔A positive and measurable impact of change


Benefits management - correct answer ✔The identification, definition
planning tracking and realisation of benefits.


Benefits realisation - correct answer ✔The practice of ensuring that benefits
are derived from outputs and outcomes.


Bottom-up estimating - correct answer ✔And estimating technique that uses
detailed specifications to estimate time and cost for each product or
activity,also known as analytical estimating.


Breakdown structure - correct answer ✔A hierarchical structure by which
project elements are decomposed examples include cost breakdown structure
(CBS), organisational breakdown structure (OBS), product breakdown
structure (PBS) and work breakdown structure (WBS).


Buffer - correct answer ✔A term used in critical chain for the centralised
management of schedule contingencies.


Business as usual (BAU) - correct answer ✔And organisations normal day-
to-day operations, also referred to as steady state.


Business case - correct answer ✔Provides justification for undertaking a
project program or portfolio it evaluate the benefit, cost and risk of alternative
options and provide a rationale for the preferred solution.

, Business readiness - correct answer ✔A continuous concern and activity
through the life of a project or program that seeks to understand attitudes to
change and any barriers so that people are ready to accept outputs and adopt
new ways of working to realise benefit.


Change control - correct answer ✔The process through which all requests to
change the approved baseline of a project, programme or portfolio are
captured evaluated and then approved, rejected or deferred.


Change freeze - correct answer ✔A point after which no further changes to
scope will be considered.


Change management - correct answer ✔The overarching approach taken in
an organisation to move from the current to a future desirable state using a
coordinated and structured approach in collaboration with stakeholders.


Change register (or log) - correct answer ✔A record of all proposed changes
to scope.


Change request - correct answer ✔A request to obtain formal approval for
changes to the approved baseline.


Closure - correct answer ✔The formal endpoint of a project, program or
portfolio either because planned work has been completed or because it has
been terminated early.


Communication - correct answer ✔The process of exchanging information
and confirming there is shared understanding.

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