Perturbation theory can be reformulated as dynamical theory. Then a sequence of perturbative approximations is bijective to a trajectory of dynamical system with discrete time, called the approximation cascade. Here we concentrate our attention on the stability conditions permitting to control the convergence of approximation sequences. We show that several types of mapping multipliers and Lyapunov exponents can be introduced and, respectively, several types of conditions controlling local stability can be formulated. The ideas are illustrated by calculating the energy levels of an anharmonic oscillator.