APM PMQ: 4 Business Case Exam
Questions and Answers with Verified
Solutions | Latest Updated 2026
What must a business case A strong case for a project by
demonstrate? outlining its scope and benefits and
detailing the funds that need to be
allocated to it
What are the five elements of 1. Strategic context
a compelling business case?
2. Economic analysis
3. Commercial approach
4. Financial case
5. Management approach
Explain "strategic context" in The case for change
terms of the business case
Explain "Economic analysis" in The ROI (Return on investment)
terms of the business case based on the investment appraisal
of options
Explain "Commercial Derived from the procurement
approach" in terms of the strategies
business case
, Explain "Financial case" in Outlines the affordability to the
terms of the business case organisation in the agreed
timeframe
Explain "Management Outlines the roles, governance
approach" in terms of the structure, life cycle choice etc.
business case
What are the three main tools 1. PESTLE
used when looking at a
business case? 2. SWOT
3. VUCA
What does PESTLE stand for 1. Political (Internal and external
and how do you apply each politics)
factor to a business case?
2. Economical (Local, national and
international market conditions
relating to project funding)
3. Social (Societal pact, as well as
the impact of stakeholders and their
level of support on project
risk/outcome)
4. Technological (May include the
projects technological requirements
or the use of emerging technology)
5. Legal (Regulatory considerations
such as health and safety,
employment and contract law and
compliance with local legal systems)
Questions and Answers with Verified
Solutions | Latest Updated 2026
What must a business case A strong case for a project by
demonstrate? outlining its scope and benefits and
detailing the funds that need to be
allocated to it
What are the five elements of 1. Strategic context
a compelling business case?
2. Economic analysis
3. Commercial approach
4. Financial case
5. Management approach
Explain "strategic context" in The case for change
terms of the business case
Explain "Economic analysis" in The ROI (Return on investment)
terms of the business case based on the investment appraisal
of options
Explain "Commercial Derived from the procurement
approach" in terms of the strategies
business case
, Explain "Financial case" in Outlines the affordability to the
terms of the business case organisation in the agreed
timeframe
Explain "Management Outlines the roles, governance
approach" in terms of the structure, life cycle choice etc.
business case
What are the three main tools 1. PESTLE
used when looking at a
business case? 2. SWOT
3. VUCA
What does PESTLE stand for 1. Political (Internal and external
and how do you apply each politics)
factor to a business case?
2. Economical (Local, national and
international market conditions
relating to project funding)
3. Social (Societal pact, as well as
the impact of stakeholders and their
level of support on project
risk/outcome)
4. Technological (May include the
projects technological requirements
or the use of emerging technology)
5. Legal (Regulatory considerations
such as health and safety,
employment and contract law and
compliance with local legal systems)
