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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 requirements will be analyzed - documented and managed.






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






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






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






5. 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.






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






7. 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.






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






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






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 - program - or portfolio management plan that describes how risk management activities will be structured and performed.






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






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






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






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






16. 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.






17. 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.






18. A component of a project or program management plan that describes how costs will be planned - structured - and controlled.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






36. 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.






37. 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.)






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






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






40. 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.






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






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






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






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






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






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






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






48. 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.






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






50. 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.