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PMI Project Management Vocab

Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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. Conditions - not under the immediate control of the team - that influence - constrain - or direct the project - program - or portfolio.






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






3. 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.






4. 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.






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






6. 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.






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






8. A calendar that identifies the working days and shifts upon which each specific resource is available.






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






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






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






12. 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.






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






14. The series of phases that represent the evolution of a product - from concept through delivery - growth - maturity - and to retirement.






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






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






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






18. An iterative planning technique in which the work to be accomplished in the near term is planned in detail - while the work in the future is planned at a higher level.






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






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






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






22. The authorized budget assigned to scheduled work.






23. 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.






24. A risk that arises as a direct result of implementing a risk response.






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






26. 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






27. The number of labor units required to complete a schedule activity or work breakdown structure component - often expressed in hours - days - or weeks.






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






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






30. 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.






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






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






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






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






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






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






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






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






39. 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.






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






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






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






43. The uncontrolled expansion to product or project scope without adjustments to time - cost - and resources.






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






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






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






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






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






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






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







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