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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 distinct - scheduled portion of work performed during the course of a project.






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






3. A grid for mapping the probability of each risk occurrence and its impact on project objectives if that risk occurs.






4. A measure of the cost efficiency of budgeted resources expressed as the ratio of earned value to actual cost.






5. An activity that can be planned and measured and that yields a specific output. (Note: Discrete effort is one of three earned value management [EVM] types of activities used to measure work performance.)






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






7. 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.






8. 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.






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






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






11. A component of the project or program management plan that establishes the activities for developing - monitoring - and controlling the project or program.






12. A dependent activity that logically comes after another activity in a schedule.






13. An intentional activity to modify a nonconforming product or product component.






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






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






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






17. The level of an organization's ability to deliver the desired strategic outcomes in a predictable - controllable - and reliable manner.






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






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






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






21. The amount of budget deficit or surplus at a given point in time - expressed as the difference between the earned value and the actual cost.






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






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






24. A component of the project or program management plan that describes how the roles and responsibilities - reporting relationships - and staff management will be addressed and structured.






25. 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.






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






27. A point in time when the status of the project is recorded.






28. 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.






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






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






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






32. A risk response strategy whereby the project team shifts the impact of a threat to a third party - together with ownership of the response.






33. A component of the human resource plan that describes when and how team members will be acquired and how long they will be needed.






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






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






36. The amount of time whereby a successor activity is required to be delayed with respect to a predecessor activity.






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






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






39. A measure of the cost performance that is required to be achieved with the remaining resources in order to meet a specified management goal - expressed as the ratio of the cost to finish the outstanding work to the remaining budget.






40. 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.






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






42. An individual - group - or organization who may affect - be affected by - or perceive itself to be affected by a decision - activity - or outcome of a project - program - or portfolio.






43. A person or group who provides resources and support for the project - program - or portfolio - and is accountable for enabling success.






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






45. An intentional activity that ensures the future performance of the project work is aligned with the project management plan.






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






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






48. A risk response strategy whereby the project team decides to acknowledge the risk and not take any action unless the risk occurs.






49. The amount of time that a schedule activity can be delayed or extended from its early start date without delaying the project finish date or violating a schedule constraint.






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