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






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






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






4. The amount of time that a schedule activity can be delayed without delaying the early start date of any successor or violating a schedule constraint.






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






6. 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.






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






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






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






10. A risk response strategy whereby the project team acts to reduce the probability of occurrence or impact of a risk.






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






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






13. An output of a schedule model that presents linked activities with planned dates - durations - milestones - and resources.






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






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






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






17. The knowledge gained during a project which shows how project events were addressed or should be addressed in the future for the purpose of improving future performance






18. A dependency between two activities - or between an activity and a milestone.






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






20. A logical relationship in which a successor activity cannot finish until a predecessor activity has started.






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






22. 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.






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






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






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






26. A representation of the plan for executing the project's activities including durations - dependencies and other planning information - used to produce a project schedule along with other scheduling artifacts.






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






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






29. An estimate of the longest activity duration - which takes into account all of the known variables that could affect performance.






30. 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.






31. The authorized budget assigned to scheduled work.






32. 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.)






33. 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.






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






35. The application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.






36. The centralized management of one or more portfolios to achieve strategic objectives.






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






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






40. An activity that logically comes before a dependent activity in a schedule.






41. 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.






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






43. A document that provides detailed deliverable - activity - and scheduling information about each component in the work breakdown structure.






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






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






46. A group of potential causes of risk.






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






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






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






50. 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.