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






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






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






4. 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.






5. 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.






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






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






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






9. The amount of time that a schedule activity can be delayed without delaying the early start date of any successor or violating a schedule constraint.






10. 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.






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






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






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






14. An intentional activity that ensures the future performance of the project work is aligned with the project management plan.






15. 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.






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






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






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






19. 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.






20. 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.






21. A group of potential causes of risk.






22. 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.






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






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






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






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






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






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






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






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






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






32. 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.






33. 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






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






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






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






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






38. An enterprise whose personnel are the most directly involved in doing the work of the project or program.






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






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






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. 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.






44. The amount of time whereby a successor activity is required to be delayed with respect to a predecessor activity.






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






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






47. 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.






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






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






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







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