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






2. A component of the project or program management plan that describes how requirements will be analyzed - documented and managed.






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






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






5. A relationship in which a schedule activity has more than one successor.






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






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






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






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






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






11. The sequence of activities that represents the longest path through a project - which determines the shortest possible duration.






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






13. A group of related schedule activities aggregated and displayed as a single activity.






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






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






16. A review at the end of a phase in which a decision is made to continue to the next phase - to continue with modification - or to end a project or program.






17. 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.






18. The document that describes how the project will be executed - monitored - and controlled.






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






20. 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.






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






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






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






24. 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.






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






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






27. An estimate expressed as a percent of the amount of work that has been completed on an activity or a work breakdown structure component.






28. 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.






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






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






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






32. 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






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






34. A logical relationship in which a successor activity cannot start until a predecessor activity has started.






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






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






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






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






39. A management control point where scope - budget - actual cost - and schedule are integrated and compared to earned value for performance measurement.






40. 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.






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






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






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






45. The authorized budget assigned to scheduled work.






46. 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.






47. 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.






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






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






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