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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 a team will acquire goods and services from outside of the performing organization.






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






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






4. 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.






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






6. A technique used to shorten the schedule duration without reducing the project scope.






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






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






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






10. An activity where effort is allotted proportionately across certain discrete efforts and not divisible into discrete efforts. (Note: Apportioned effort is one of three earned value management [EVM] types of activities used to measure work performance






11. A factor in the planning process that is considered to be true - real - or certain - without proof or demonstration.






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






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






14. A collection of logically related project activities that culminates in the completion of one or more deliverables.






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






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






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






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






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






20. 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.






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






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






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






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






25. A diagramming and calculation technique for evaluating the implications of a chain of multiple options in the presence of uncertainty.






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






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






28. 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.






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






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






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






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






33. 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.






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






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






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






37. 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.






38. An uncertain event or condition that - if it occurs - has a positive or negative effect on one or more project objectives.






39. A process whereby modifications to documents - deliverables - or baselines associated with the project are identified - documented - approved - or rejected.






40. 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.






41. A component of the project - program - or portfolio management plan that describes how risk management activities will be structured and performed.






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






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






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






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






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






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






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






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






50. 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.