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






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






3. A group of related projects - subprograms and program activities that are managed in a coordinated way to obtain benefits not available from managing them individually.






4. The sequence of activities that represents the longest path through a project - which determines the shortest possible duration.






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






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






7. 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.






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






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






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






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






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






13. 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.






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






15. A projection of the amount of budget deficit or surplus - expressed as the difference between the budget at completion and the estimate at completion.






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






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






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






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






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






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






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






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






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






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






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






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






28. 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.






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






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






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






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






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 component of the human resource plan that describes when and how team members will be acquired and how long they will be needed.






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






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






37. A component of the project or program management plan that describes how the scope will be defined - developed - monitored - controlled - and verified.






38. 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.






39. 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.






40. 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.






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






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






43. 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.






44. 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.






45. 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.






46. 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.






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






48. 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.






49. Plans - processes - policies - procedures and knowledge bases specific to and used by the performing organization.






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