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






2. 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.






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






4. 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.






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






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






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






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






9. A set of procedures that describes how modifications to the project deliverables and documentation are managed and controlled.






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






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






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






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






14. A measure of schedule performance expressed as the difference between the earned value and the planned value.






15. A condition or capability that is required to be present in a product - service - or result to satisfy a contract or other formally imposed specification.






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






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






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






19. 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.






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






21. 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.






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






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






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






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






26. An activity that can be planned and measured and that yields a specific output. (Note: Discrete effort is one of three earned value management [EVM] types of activities used to measure work performance.)






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






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






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






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






31. 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.






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






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






34. 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.






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






36. 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






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






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






39. A component of the project - program - or portfolio management plan that describes how - when - and by whom information will be administered and disseminated.






40. 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.






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






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






43. The amount of time whereby a successor activity can be advanced with respect to a predecessor activity.






44. The authorized budget assigned to scheduled work.






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






46. 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.






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






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






49. A grid that links product requirements from their origin to the deliverables that satisfy them.






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