GLOSSARY

The CAPM exam is based specifically on the PMBOK Guide. The PMBOK Guide ensures language and terminology consistency, and it helps ensure that exam questions are rooted in the profession’s common, best practices. Take some time to study this glossary to foster an understanding of terms you will see on the CAPM exam.

Acceptance criteria    A set of conditions that must be met before deliverables are accepted by the stakeholders. (Chapter 5)

Actual cost    Realized cost incurred for work performed during a specific time period. (Chapter 7)

Adaptive approaches    Project deliverables are defined iteratively within a project (e.g., agile). (Chapter 5)

Agreements   A contract is a mutually binding agreement that obligates the seller to ...

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