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






2. Projects - programs - subportfolios - and operations managed as a group to achieve strategic objectives.






3. The number of labor units required to complete a schedule activity or work breakdown structure component - often expressed in hours - days - or weeks.






4. The work performed to deliver a product - service - or result with the specified features and functions.






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






6. The series of phases that represent the evolution of a product - from concept through delivery - growth - maturity - and to retirement.






7. 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.






8. A calendar that identifies the working days and shifts upon which each specific resource is available.






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






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






11. The approved version of a scope statement - work breakdown structure (WBS) - and its associated WBS dictionary - which can be changed only through formal change control procedures and is used as a basis for comparison.






12. 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.






13. A response to a threat that has occurred - for which a prior response had not been planned or was not effective.






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






15. A schedule method that allows the project team to place buffers on any project schedule path to account for limited resources and project uncertainties.






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






17. A component of the project or program management plan that describes how requirements will be analyzed - documented and managed.






18. An iterative planning technique in which the work to be accomplished in the near term is planned in detail - while the work in the future is planned at a higher level.






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






20. The uncontrolled expansion to product or project scope without adjustments to time - cost - and resources.






21. In the critical path method - the latest possible point in time when the uncompleted portions of a schedule activity can start based on the schedule network logic - the project completion date - and any schedule constraints.






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






23. The iterative process of increasing the level of detail in a project management plan as greater amounts of information and more accurate estimates become available.






24. An estimating technique in which an algorithm is used to calculate cost or duration based on historical data and project parameters.






25. A numbering system used to uniquely identify each component of the work breakdown structure.






26. A critical path method technique for calculating the late start and late finish dates by working backward through the schedule model from the project end date.






27. The amount of time whereby a successor activity can be advanced with respect to a predecessor activity.






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






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






30. An estimate of the most probable activity duration that takes into account all of the known variables that could affect performance.






31. The authorized budget assigned to scheduled work.






32. The sum of all budgets established for the work to be performed.






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






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






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






36. 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.






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






38. A technique used to shorten the schedule duration for the least incremental cost by adding resources.






39. A bar chart of schedule information where activities are listed on the vertical axis - dates are shown on the horizontal axis - and activity durations are shown as horizontal bars placed according to start and finish dates.






40. A risk that would have a positive effect on one or more project objectives.






41. The description of the project scope - major deliverables - assumptions - and constraints.






42. A risk that would have a negative effect on one or more project objectives.






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






44. An earned value management technique used to indicate performance trends by using a graph that displays cumulative costs over a specific time period.






45. A risk response strategy whereby the project team acts to eliminate the threat or protect the project from its impact.






46. The expected cost to finish all the remaining project work.






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






48. A group of potential causes of risk.






49. 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.






50. A process used to investigate or analyze the output of the schedule model in order to optimize the schedule