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PMI Project Management Vocab

Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. A component of the project or program management plan that describes how a team will acquire goods and services from outside of the performing organization.






2. The measure of work performed expressed in terms of the budget authorized for that work.






3. A calendar that identifies working days and shifts that are available for scheduled activities.






4. A hierarchical representation of resources by category and type.






5. Any unique and verifiable product - result - or capability to perform a service that is required to be produced to complete a process - phase - or project.






6. A logical relationship in which a successor activity cannot finish until a predecessor activity has finished.






7. An estimate of the shortest activity duration that takes into account all of the known variables that could affect performance.






8. An estimate expressed as a percent of the amount of work that has been completed on an activity or a work breakdown structure component.






9. A critical path method technique for calculating the early start and early finish dates by working forward through the schedule model from the project start date or a given point in time.






10. A method of estimating project duration or cost by aggregating the estimates of the lower-level components of the work breakdown structure (WBS).






11. The person assigned by the performing organization to lead the team that is responsible for achieving the project objectives.






12. The series of phases that a project passes through from its initiation to its closure.






13. A formal proposal to modify any document - deliverable - or baseline.






14. A technique used to estimate cost or duration by applying an average of optimistic - pessimistic - and most likely estimates when there is uncertainty with the individual activity estimates.






15. A temporary endeavor undertaken to create a unique product - service - or result.






16. A diagramming and calculation technique for evaluating the implications of a chain of multiple options in the presence of uncertainty.






17. A document in which the results of risk analysis and risk response planning are recorded.






18. An uncertain event or condition that - if it occurs - has a positive or negative effect on one or more project objectives.






19. Plans - processes - policies - procedures and knowledge bases specific to and used by the performing organization.






20. A formally chartered group responsible for reviewing - evaluating - approving - delaying - or rejecting changes to the project and for recording and communicating such decisions.






21. The application of knowledge - skills - tools - and techniques to a program to meet the program requirements and to obtain benefits and control not available by managing projects individually.






22. A technique used for dividing and sub-dividing the project scope and project deliverables into smaller - more manageable parts.






23. In the critical path method - the earliest possible point in time when the uncompleted portions of a schedule activity can finish based on the schedule network logic - the data date - and any schedule constraints.






24. A grid that links product requirements from their origin to the deliverables that satisfy them.






25. A measure of schedule efficiency expressed as the ratio of earned value to planned value.






26. The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete.






27. An activity that does not produce definitive end products and is measured by the passage of time. (Note: Level of effort is one of three earned value management [EVM] types of activities used to measure work performance.)






28. The realized cost incurred for the work performed on an activity during a specific time period.






29. Conditions - not under the immediate control of the team - that influence - constrain - or direct the project - program - or portfolio.






30. A process whereby modifications to documents - deliverables - or baselines associated with the project are identified - documented - approved - or rejected.






31. A hierarchical representation of risks that is organized according to risk categories.






32. A hierarchical representation of the project organization - which illustrates the relationship between project activities and the organizational units that will perform those activities.






33. A component of the project or program management plan that describes how the scope will be defined - developed - monitored - controlled - and verified.






34. A method used to estimate the minimum project duration and determine the amount of scheduling flexibility on the logical network paths within the schedule model.






35. A projection of the amount of budget deficit or surplus - expressed as the difference between the budget at completion and the estimate at completion.






36. A group of related projects - subprograms and program activities that are managed in a coordinated way to obtain benefits not available from managing them individually.






37. A management structure that standardizes the project-related governance processes and facilitates the sharing of resources - methodologies - tools - and techniques.






38. A measure of schedule performance expressed as the difference between the earned value and the planned value.






39. A grid that shows the project resources assigned to each work package.






40. A factor in the planning process that is considered to be true - real - or certain - without proof or demonstration.






41. An event or situation that indicates that a risk is about to occur.






42. An enterprise whose personnel are the most directly involved in doing the work of the project or program.






43. A graphical representation of the logical relationships among the project schedule activities.






44. A methodology that combines scope - schedule - and resource measurements to assess project performance and progress.






45. A condition or capability that is required to be present in a product - service - or result to satisfy a contract or other formally imposed specification.






46. A technique used to shorten the schedule duration without reducing the project scope.






47. The sequence of activities that represents the longest path through a project - which determines the shortest possible duration.






48. A component of the project or program management plan that describes how an organization's quality policies will be implemented.






49. A review at the end of a phase in which a decision is made to continue to the next phase - to continue with modification - or to end a project or program.






50. A set of conditions that is required to be met before deliverables are accepted.