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






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






3. 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.






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






5. 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.






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






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






8. 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.






9. 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.






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






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






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






13. A dependent activity that logically comes after another activity in a schedule.






14. A point in time when the status of the project is recorded.






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






16. A method used to estimate the minimum project duration and determine the amount of scheduling flexibility on the logical network paths within the schedule model.






17. A set of conditions that is required to be met before deliverables are accepted.






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






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






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






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






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






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






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






26. 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.






27. 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.






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






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






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






32. A group of related schedule activities aggregated and displayed as a single activity.






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






34. 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.






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






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






37. The knowledge gained during a project which shows how project events were addressed or should be addressed in the future for the purpose of improving future performance






38. 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.






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






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






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






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






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






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






45. 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.)






46. The approved version of a work product that can be changed only through formal change control procedures and is used as a basis for comparison.






47. 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.






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






49. 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.






50. The person assigned by the performing organization to lead the team that is responsible for achieving the project objectives.