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






2. 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.






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






4. 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.






5. 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.






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






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






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






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






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






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






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






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






14. 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.






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






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






17. An activity that does not produce definitive end products and is measured by the passage of time. (Note: Level of effort is one of three earned value management [EVM] types of activities used to measure work performance.)






18. 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.






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






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






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






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






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






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






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






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






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






28. 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.






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






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






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






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






33. 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.






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






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. 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.






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






38. A hierarchical representation of resources by category and type.






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






40. 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.






41. 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.)






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






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






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






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






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






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






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 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.






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