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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 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.)






2. 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.






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






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






5. 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.






6. 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.)






7. 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.






8. The approved version of a schedule model that can be changed only through formal change control procedures and is used as a basis for comparison to actual results.






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






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






11. A technique for estimating the duration or cost of an activity or a project - using historical data from a similar activity or project.






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






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






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






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






16. The process of optimizing the mix of portfolio components to further the strategic objectives of the organization.






17. The authorized budget assigned to scheduled work.






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






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






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






21. The approved version of a work product that can be changed only through formal change control procedures and is used as a basis for comparison.






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






23. 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.






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






25. A limiting factor that affects the execution of a project - program - portfolio - or process.






26. Any activity on the critical path in a project schedule.






27. 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.






28. 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.






29. 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.






30. A significant point or event in a project - program - or portfolio.






31. 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.






32. A logical relationship in which a successor activity cannot start until a predecessor activity has finished.






33. An intentional activity that realigns the performance of the project work with the project management plan.






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






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






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






37. 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.






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






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






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






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






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






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






44. 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.






45. 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.






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






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






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






49. A technique in which start and finish dates are adjusted based on resource constraints with the goal of balancing demand for resources with the available supply.






50. A technique for determining the cause and degree of difference between the baseline and actual performance.