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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. 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.






2. The authorized budget assigned to scheduled work.






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






4. The measure of work performed expressed in terms of the budget authorized for that work.






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






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






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






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






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






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






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






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






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






16. An intentional activity that realigns the performance of the project work with the project management plan.






17. A measure of the cost performance that is required to be achieved with the remaining resources in order to meet a specified management goal - expressed as the ratio of the cost to finish the outstanding work to the remaining budget.






18. 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.






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






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






21. 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.






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






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






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






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






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






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






29. 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.






30. 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.






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






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






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






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






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






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






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






38. 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.






39. An uncertain event or condition that - if it occurs - has a positive or negative effect on one or more project objectives.






40. A methodology that combines scope - schedule - and resource measurements to assess project performance and progress.






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






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






43. 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.






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






45. 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.






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






47. A risk that would have a positive effect on one or more project objectives.






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






49. 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.)






50. 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.