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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 bar chart of schedule information where activities are listed on the vertical axis - dates are shown on the horizontal axis - and activity durations are shown as horizontal bars placed according to start and finish dates.






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






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






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






5. 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.






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






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






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






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






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






11. 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.






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






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






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






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






16. 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.






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






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






19. A logical relationship in which a successor activity cannot finish until a predecessor activity has finished.






20. A technique used for dividing and sub-dividing the project scope and project deliverables into smaller - more manageable parts.






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






22. 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.






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






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






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






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






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






28. A group of potential causes of risk.






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






30. A schedule compression technique in which activities or phases normally done in sequence are performed in parallel for at least a portion of their duration.






31. 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.






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






33. 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.






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






35. 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.






36. A critical path method technique for calculating the early start and early finish dates by working forward through the schedule model from the project start date or a given point in time.






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






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






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






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






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






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






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






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






45. The authorized budget assigned to scheduled work.






46. 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.






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






48. 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.






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






50. 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.