Saubhagya,
I don't think it is about memorizing glossary terms but it is important to be familiar with terms so you are not thrown for a loop in case a term is used on a real CAPM exam question.
As you know, the questions on the CAPM® exam are all focused on the PMBOK® Guide. The CAPM exam is a knowledge-based exam vs. the PMP, which focuses on situations or scenarios and one's experience as a project manager.
For both the CAPM & the PMP exam, we recommend that students:
Study the Glossary from beginning to end. Maybe not all at once, though. Instead, review a couple of pages a day as part of your studies.
Others in this forum may have a different opinion but while I would not overly stress or panic over the glossary, at the same time I would not dismiss or skip it altogether since it is a valuable learning tool.
If an unfamiliar term comes up when you go through the glossary, it may lead you to look it up and read more about it in the PMBOK Guide. This can provide an opportunity for you to reinforce your understanding of a particular project management concept.
I hope this helps address your question.
Best of luck with your exam preparation!
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Yazmine Darcy, MBA, PMP, PMI-ACP, CSM
Director of Operations, OSP International LLC
The Project Management PrepCast™ -
www.project-management-prepcast.com