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






2. A group of potential causes of risk.






3. A formally chartered group responsible for reviewing - evaluating - approving - delaying - or rejecting changes to the project and for recording and communicating such decisions.






4. The description of the project scope - major deliverables - assumptions - and constraints.






5. 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.






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






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






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






9. A technique used for dividing and sub-dividing the project scope and project deliverables into smaller - more manageable parts.






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






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






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






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






14. A hierarchical representation of risks that is organized according to risk categories.






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






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






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






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






19. 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.






20. In the critical path method - the earliest possible point in time when the uncompleted portions of a schedule activity can finish based on the schedule network logic - the data date - and any schedule constraints.






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






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






23. A distinct - scheduled portion of work performed during the course of a project.






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






25. 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.






26. The series of phases that represent the evolution of a product - from concept through delivery - growth - maturity - and to retirement.






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






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






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






30. 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.






31. 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.






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






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






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






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






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






37. 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.






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






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






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






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






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






43. 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.






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






45. 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.






46. A logical relationship in which a successor activity cannot finish until a predecessor activity has finished.






47. 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.






48. 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.






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






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