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






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






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






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






5. The level of an organization's ability to deliver the desired strategic outcomes in a predictable - controllable - and reliable manner.






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






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






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






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






10. 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.






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






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






13. 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.






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






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






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






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






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






19. 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.






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






21. A relationship in which a schedule activity has more than one predecessor.






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






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 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.






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






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






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






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






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






30. 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.






31. 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.






32. 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.






33. 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.






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






35. A technique for determining the cause and degree of difference between the baseline and actual performance.






36. 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






37. 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.






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






39. A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.






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






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






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. A technique used for constructing a schedule model in which activities are represented by nodes and are graphically linked by one or more logical relationships to show the sequence in which the activities are to be performed.






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






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






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






47. The series of phases that a project passes through from its initiation to its closure.






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






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






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