BUSINESS AND MANAGEMENT – APM PMQ COMPETENCE TEST 2024 GLOSSARY SERIES 1
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Business and Management
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Unlock your path to project management success with our comprehensive APM PMQ Quiz resource! Tailored for business and management students, this essential tool is designed to help you ace the APM Project Management Qualification. With meticulously crafted questions and detailed explanations, you'll...
BUSINESS MANAGEMENT – APM PMQ COMPETENCE TEST 2024 GLOSSARY SERIES 1
GLOSSARY 1
NOTE: This is part 1 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: Benefit review
a) A final review of the solution before it goes into operational use.
b) An approach that converges, by successive iterations, on an accurate solution that meets business
need and technically is built the right way.
c) The holistic, cross-functional discipline and set of practices concerned with the way organisations
create and use knowledge to improve outcomes.
d) A review undertaken after a period of operations of the project deliverables. It is intended to confirm
the realisation of the project benefits.
Correct Answer: A review undertaken after a period of operations of the project deliverables. It is
intended to confirm the realisation of the project benefits.
Explanation: A benefit review assesses whether the benefits anticipated from a project have been
realized after a certain period of operational use.
2
Question: Story point
a) (DSDM) A phase following the final Deployment to assess the realisation of expected business
benefits.
b) A method of estimating the completion / forecasting work yet to complete on a user story when using
an iterative life cycle.
c) An independent and systematic retrospective examination of the whole, or part, of a project or
function to measure conformance with predetermined standards.
d) Implementation of plans and verification of performance through testing and assurance to realise
intended outputs, outcomes and benefits.
Correct Answer: A method of estimating the completion / forecasting work yet to complete on a user
story when using an iterative life cycle.
Explanation: Story points are used in agile methodologies to estimate the effort required to complete a
user story in an iterative development cycle.
a) A hybrid life cycle is a pragmatic approach to achieving beneficial change that combines a linear life
cycle for some phases or activities with an iterative life cycle for others.
b) Development of a detailed definition, plans and statement of requirements that include a full
justification for the work.
c) The work required to “bring together” new and existing elements to comprise what is to be released.
d) Handover, commissioning and acceptance of outputs to the sponsor and wider users, culminating in
formal closure.
Correct Answer: Development of a detailed definition, plans and statement of requirements that
include a full justification for the work.
Explanation: A definition outlines the detailed requirements and justification necessary to undertake a
project.
4
Question: Hybrid life cycle
a) Development of a detailed definition, plans and statement of requirements that include a full
justification for the work.
b) A hybrid life cycle is a pragmatic approach to achieving beneficial change that combines a linear life
cycle for some phases or activities with an iterative life cycle for others.
c) Establishing whether a proposed project is likely to be feasible, both from a business and technical
perspective, and would be cost-effective from a business perspective.
d) A generic term used in iterative life cycle approaches to refer to an iteration with a fixed end date
that is not allowed to change, thereby adjusting the scope and quality to deliver on time and to cost.
Correct Answer: A hybrid life cycle is a pragmatic approach to achieving beneficial change that
combines a linear life cycle for some phases or activities with an iterative life cycle for others.
Explanation: The hybrid life cycle integrates elements of both linear and iterative approaches to
address the needs of a project.
5
Question: Product owner
a) The key representative of the business within the Solution Development Team. During the
Evolutionary Development phase of the project, the Product owner is the main decision maker on
behalf of the business. This requires sufficient seniority, empowerment and credibility to make
decisions on behalf of the business.
b) An informal, simple language description of one or more features of a system or tool. User stories
are often written from the perspective of an end user or user of a system.
c) The physical act of putting what has been assembled (the release) into operational use.
d) A hybrid life cycle is a pragmatic approach to achieving beneficial change that combines a linear life
cycle for some phases or activities with an iterative life cycle for others.
Correct Answer: The key representative of the business within the Solution Development Team.
During the Evolutionary Development phase of the project, the Product owner is the main decision
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