AXELOS MoP® - Management of Portfolios - Glossary (EN) EXAM 2024

aggregated risk - correct answer The overall level of risk to the portfolio when all the risks are viewed as a totality rather than individually. This could include the outputs of particular scenarios or risk combinations. assurance - correct answer All the systematic actions necessary to provide confidence that the target (system, process, organization, programme, project, outcome, benefit, capability, product output, deliverable) is appropriate. Appropriateness might be defined subjectively or objectively in different circumstances. The implication is that assurance will have a level of independence from that which is being assured. benefit - correct answer The measurable improvement resulting from an outcome perceived as an advantage by one or more stakeholders. business as usual (BAU) - correct answer The way the business normally achieves its objectives. business change lifecycle - correct answer A generic name used to represent any organizational process or framework which helps to guide the delivery of programmes and projects using a collection of repeatable processes and decision points. categorization - correct answer Splitting a portfolio into organizationally appropriate categories or segments — for example, by initiative type or investment objective. The organization's investment criteria can be tailored to suit each category of investment. cent