Page 1 of 26
APM FUNDAMENTALS QUALIFICATION TEST QUESTIONS
AND DETAILED CORRECT ANSWER [A+ GRADE]
2025/2026
Terms in this set (139) Q & A
>> Acceptance criteria
- answer- The requirements and essential conditions that have to be achieved before a
deliverable is accepted.
>> Activity
- answer- (1) A task, job, operation or process consuming time and possibly other resources.
(2) The smallest self-contained unit of work in a project.
>> Adoption
- answer- The optional additional phase in a linear life cycle that facilitates the use of project
outputs to enable the acceptance and use of benefits.
>> Agile
- answer- A family of development methodologies where requirements and solutions are
developed iteratively and incrementally throughout the life cycle.
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>> Analogous estimating
- answer- An estimating technique based on the comparison with, and factoring from, the cost
of similar, previous work. Also known as comparative estimating.
>> Analytical estimating
- answer- An estimating technique that uses detailed specifications to estimate time and cost
for each product or activity. Also known as bottom-up estimating.
>> Assurance
- answer- The process of providing confidence to stakeholders that projects, programmes and
portfolios will achieve their objectives for beneficial change.
>> Baseline
- answer- The reference levels against which a project, programme or portfolio is monitored
and controlled.
>> Benefit
- answer- A positive and measurable impact of change.
>> Benefits management
- answer- The identification, definition, planning, tracking and realisation of benefits.
, Page 3 of 26
>> Benefits realisation
- answer- The practice of ensuring that benefits are derived from outputs and outcomes.
>> Bottom-up estimating
- answer- An estimating technique that uses detailed specifications to estimate time and cost
for each product or activity. Also known as analytical estimating.
>> Breakdown structure
- answer- A hierarchical structure by which project elements are decomposed. Examples
include: cost breakdown structure (CBS), organisational breakdown structure (OBS), product
breakdown structure (PBS), and work breakdown structure (WBS).
>> Buffer
- answer- A term used in critical chain for the centralised management of schedule
contingencies.
>> Business-as-usual
- answer- An organisation's normal day-to-day operations. Also referred to as steady-state.
>> Business case
- answer- Provides justification for undertaking a project, programme or portfolio. It evaluates
the benefit, cost and risk of alternative options and provides a rationale for the preferred
solution.
APM FUNDAMENTALS QUALIFICATION TEST QUESTIONS
AND DETAILED CORRECT ANSWER [A+ GRADE]
2025/2026
Terms in this set (139) Q & A
>> Acceptance criteria
- answer- The requirements and essential conditions that have to be achieved before a
deliverable is accepted.
>> Activity
- answer- (1) A task, job, operation or process consuming time and possibly other resources.
(2) The smallest self-contained unit of work in a project.
>> Adoption
- answer- The optional additional phase in a linear life cycle that facilitates the use of project
outputs to enable the acceptance and use of benefits.
>> Agile
- answer- A family of development methodologies where requirements and solutions are
developed iteratively and incrementally throughout the life cycle.
, Page 2 of 26
>> Analogous estimating
- answer- An estimating technique based on the comparison with, and factoring from, the cost
of similar, previous work. Also known as comparative estimating.
>> Analytical estimating
- answer- An estimating technique that uses detailed specifications to estimate time and cost
for each product or activity. Also known as bottom-up estimating.
>> Assurance
- answer- The process of providing confidence to stakeholders that projects, programmes and
portfolios will achieve their objectives for beneficial change.
>> Baseline
- answer- The reference levels against which a project, programme or portfolio is monitored
and controlled.
>> Benefit
- answer- A positive and measurable impact of change.
>> Benefits management
- answer- The identification, definition, planning, tracking and realisation of benefits.
, Page 3 of 26
>> Benefits realisation
- answer- The practice of ensuring that benefits are derived from outputs and outcomes.
>> Bottom-up estimating
- answer- An estimating technique that uses detailed specifications to estimate time and cost
for each product or activity. Also known as analytical estimating.
>> Breakdown structure
- answer- A hierarchical structure by which project elements are decomposed. Examples
include: cost breakdown structure (CBS), organisational breakdown structure (OBS), product
breakdown structure (PBS), and work breakdown structure (WBS).
>> Buffer
- answer- A term used in critical chain for the centralised management of schedule
contingencies.
>> Business-as-usual
- answer- An organisation's normal day-to-day operations. Also referred to as steady-state.
>> Business case
- answer- Provides justification for undertaking a project, programme or portfolio. It evaluates
the benefit, cost and risk of alternative options and provides a rationale for the preferred
solution.
