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BUSINESS MANAGEMENT – APM PMQ COMPETENCE TEST 2024 GLOSSARY SERIES 4 $6.99   Add to cart

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BUSINESS MANAGEMENT – APM PMQ COMPETENCE TEST 2024 GLOSSARY SERIES 4

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Unlock the essentials of business and project management with this comprehensive document designed for students eager to master key concepts. Dive deep into the roles, structures, and responsibilities that drive successful projects, from understanding the vital role of a Project Manager to grasping...

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  • September 2, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • Business Management
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BUSINESS MANAGEMENT – APM PMQ COMPETENCE TEST 2024 GLOSSARY SERIES 4

GLOSSARY 4

NOTE: This is part 4 of a complete series of APM (Association for Project Management) PMQ (Project
Management Qualification) Glossary where we take a thorough look into various terms and definitions
as of September 2024, this is all you need for your exam preps

Circle the letter of the Definition that corresponds to the displayed Term.
1. Question: Organisational breakdown structure (OBS)

a) A hierarchical way in which the organisation may be divided into management levels and groups, for
planning and control purposes.
b) The majority of PMO functions sit outside project teams, and provide a service to multiple projects.
c) The individual responsible and accountable for the successful delivery of the project
d) The group of people who are intended to work with deliverables to enable beneficial change to be
realised.

Correct Answer: A hierarchical way in which the organisation may be divided into management levels
and groups, for planning and control purposes.
Explanation: The OBS is a hierarchical model of the organisation used to allocate resources and
manage roles in a project effectively.


2. Question: Business-as-usual

a) A management structure where specific functions of a business are grouped into specialist
departments that provide a dedicated service to the whole of the organisation.
b) A diagram or chart showing responsibility assignments for elements of work. It is created by
combining the WBS with the OBS
c) The roles performed by individuals or groups in a project. Both roles and responsibilities within
projects must be defined to address the transient and unique nature of projects, and to ensure that clear
accountabilities can be assigned.
d) An organisation's normal day-to-day operations.

Correct Answer: An organisation's normal day-to-day operations.
Explanation: "Business-as-usual" refers to the routine operational activities that maintain the ongoing
functionality of an organisation.


3. Question: Responsibility assignment matrix (RAM)

a) A group, usually comprising the sponsor, senior managers and sometimes key stakeholders, whose
remit is to set the strategic direction of a project. It gives guidance to the sponsor and project manager.
Often referred to as the Project board.

© Strategic Business Management Scholars -2024

, Business Management

b) The people accountable to the project manager when working on project activities.
c) An organisational structure that provides support for project, programmes and/or portfolios.
d) A diagram or chart showing responsibility assignments for elements of work. It is created by
combining the WBS with the OBS

Correct Answer: A diagram or chart showing responsibility assignments for elements of work. It is
created by combining the WBS with the OBS.
Explanation: The RAM is used to map work packages to project team members, ensuring clarity of
responsibilities.


4. Question: WBS (Work breakdown structure)

a) The sponsor is accountable for ensuring that the work is governed effectively and delivers the
objectives that meet identified needs
b) The management structure applicable to the project, programme or portfolio and the organisational
environment in which it operates.
c) A group, usually comprising the sponsor, senior managers and sometimes key stakeholders, whose
remit is to set the strategic direction of a project. It gives guidance to the sponsor and project manager.
Often referred to as the Project board.
d) Defines the total work to be undertaken and provides a structure for all control systems. It allows a
project or programme to be divided by level into discrete groups for programming, cost planning and
control purposes.

Correct Answer: Defines the total work to be undertaken and provides a structure for all control
systems. It allows a project or programme to be divided by level into discrete groups for programming,
cost planning and control purposes.
Explanation: The WBS breaks down the project into smaller, manageable components, which
facilitates detailed planning and control.


5. Question: Central PMO

a) An organisational structure that provides support for project, programmes and/or portfolios.
b) Defines the total work to be undertaken and provides a structure for all control systems. It allows a
project or programme to be divided by level into discrete groups for programming, cost planning and
control purposes.
c) The majority of PMO functions sit outside project teams, and provide a service to multiple projects.
d) The output of the Concept phase of a project or programme.

Correct Answer: The majority of PMO functions sit outside project teams, and provide a service to
multiple projects.
Explanation: A Central PMO typically manages resources, standards, and processes across multiple
projects within an organisation.


© Strategic Business Management Scholars -2024

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