AXELOS MSP® - Managing Successful Programmes - Glossary (EN) Exam 2025 Questions and Answers 100% Pass

AXELOS MSP® - Managing Successful Programmes - Glossary (EN) Exam 2025 Questions and Answers 100% Pass accountable - Personally answerable for an activity. Accountability cannot be delegated, unlike responsibility. aggregated risk - The overall level of risk to the programme when all the risks are viewed as a totality rather than individually. This could include the outputs of particular scenarios or risk combinations. as-is state - The current operating structure and performance of the parts of the business which will be impacted by a programme. assumption - A statement that is taken as being true for the purposes of planning, but which could change later. An assumption is made where some facts are not yet known. There is a risk that assumptions are not correct. assurance - 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. baseline - A reference level against which an entity is monitored and controlled. 2COPYRIGHT © 2025 BY EMILLY CHARLOTTE, ALL RIGHTS RESERVED benefit - The measurable improvement resulting from an outcome perceived as an advantage by one or more stakeholders, and which contributes towards one or more organizational objective(s). benefits management - The identification, definition, tracking, realization and optimization of benefits within and beyond a programme. benefits register - Summary document that contains key information from the benefit profiles. best practice - A defined and proven method of managing events effectively. border - The time-bound limitations of a tranche, i.e. when end-of-tranche reviews are held and the programme receives endorsement to move into the next tranche. boundary - The scope of what a programme will cover; the extent of its influence and authority. business as usual (BAU) - The way the business normally achieves its objectives. business case management - The manner in which a programme's rationale, objectives, benefits and risks are balanced against the financial investment, and how this balance is maintained, adjusted and assessed during the programme. business change authority - An individual who represents a group of business change managers, similar to a senior BCM or business change sponsor. business change manager (BCM) - The role responsible for benefits management, from identification through to realization, and for ensuring that the implementation and embedding of the new capabilities are delivered by the projects. Typically allocated to more than one individual and also known as 'change agent'. business change team - A group of specialists appointed to support a business change manager in the business change management aspects of benefits realization. capability - The completed set of project outputs required to deliver an outcome; this exists prior to transition. It is a service, function or operation that enables the organization to exploit opportunities. 3COPYRIGHT © 2025 BY EMILLY CHARLOTTE, ALL RIGHTS RESERVED change manager - Reports to the business change manager (BCM) and may operate at a project level to support benefits realization, namely focus on the realization of a particular benefit. configuration - A generic term used to describe a group of products or items that work together to deliver a product or service, or a recognizable part of a product or service. A configuration may be configuration item of a larger configuration. configuration item - An asset that is subject to configuration management. The asset may be a component of a product, a product, or a set of products in a release. configuration management - Technical and administrative activities concerned with the creation, maintenance and controlled change of configuration throughout the life of a product. consult - To give groups or individuals the opportunity to contribute to and make recommendations on an action or document. corporate governance - The ongoing activity of maintaining a sound system of internal control by which the directors and officers of an organization ensure that effective management systems, including financial monitoring and control systems, have been put in place to protect assets, earning capacity and the reputation of the organization. corporate portfolio - The totality of the change initiatives within an organization; it may comprise a number of programmes, standalone projects and other initiatives that achieve congruence of change. corporate portfolio board - One name for the body within the organization that has authority to make decisions about the composition and prioritization of the organization's portfolio of programmes and projects. This may be the corporate board, and in MoP (Management of Portfolios) it is also referred to as the 'portfolio direction group' or 'investment committee'. cross-organizational programme - A programme requiring the committed involvement of more than one organization to achieve the desired outcomes; also referred to as a 'cross-cutting' programme. dependency - An activity, output or decision that is required to achieve some aspect of the programme. It can be internal or external to the programme. 4COPYRIGHT © 2025 BY EMILLY CHARLOTTE, ALL RIGHTS RESERVED dis-benefit - A measurable decline resulting from an outcome perceived as negative by one or more stakeholders, which reduces one of more organizational objective(s). emergent programme - A programme that subsumes one or more pre-existing projects into a coherent alignment with corporate policy and strategy. end goal - The ultimate objective of a programme - the same as the 'to-be state' or 'future state'. feedback log - A document that is used to capture, track an