APMP Section 5a
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| Information management | The collection, storage, dissemination, archiving and destruction of information.
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| Business case | This document provides justification for undertaking a project, in terms of evaluating the benefit, cost and risk of alternative options and the rationale for the preferred solution.
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| Assumptions | Statements that will be taken for granted as fact and upon which the project business case will be justified.
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| Business risk assessment | The assessment of risk to business objectives rather than risk to achieving project, programme or portfolio objectives.
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| Do nothing' option | The result or consequence of not proceeding with the project or programme.
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| Objectives | Predetermined results towards which effort is directed.
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| Strategic management | The identification, selection and implementation of an organisation’s long term goals and objectives.
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| Benefit | The quantifiable and measurable improvement resulting from completion of deliverables that is perceived as positive by a stakeholder.
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| Benefits management | The identification, definition, planning, tracking and realisation of business benefits.
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| Cost-benefit analysis | An analysis of the relationship between the costs of undertaking an activity or project, initial and recurrent, and the benefits likely to arise from the changed situation, initially and recurrently.
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| Benefits realisation | The practice of ensuring that benefits are derived from outputs and outcomes.
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| Disbenefit | A consequence of change perceived as negative by one or more stakeholders.
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| Funding | The means by which the capital required to undertake a project, programme or portfolio is secured and then made available as required.
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| Investment appraisal | A collection of techniques used to identify the attractiveness of an investment.
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| Stakeholder | The organisations or people who have an interest or role in the project or are impacted by the project.
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| Power and interest matrix | Used to help analyse the position of stakeholders and to support the identification of appropriate engagement strategies.
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| Stakeholder management | The systematic identification, analysis, planning and implementation of actions designed to engage with stakeholders.
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| Discounted cash flow (DCF) | The concept of relating future cash inflows and outflows over the life of a project to a common base value.
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| Internal rate of return (IRR) | A discount rate at which the net present value of a future cash flow is zero.
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| Net present value (NPV) | The aggregate of future net cash flows discounted back to a common base date, usually the present.
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| Payback | The time it takes for net cash inflow to equal the cash investment.
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| Residual value | The written-down value of a capital item at the end of the period, used in the business case to assess the financial integrity of the programme or project.
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