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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 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.)






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






3. 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.






4. A logical relationship in which a successor activity cannot start until a predecessor activity has finished.






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






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






7. 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.






8. 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.






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






10. 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.






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






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






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






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






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






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






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






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






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






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






21. A component of the project or program management plan that describes how an organization's quality policies will be implemented.






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






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






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






25. 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.






26. An iterative planning technique in which the work to be accomplished in the near term is planned in detail - while the work in the future is planned at a higher level.






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






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






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






30. A technique for determining the cause and degree of difference between the baseline and actual performance.






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






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






33. 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.






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






35. 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.






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






37. An activity where effort is allotted proportionately across certain discrete efforts and not divisible into discrete efforts. (Note: Apportioned effort is one of three earned value management [EVM] types of activities used to measure work performance






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






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






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






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






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






43. The authorized budget assigned to scheduled work.






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






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






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






47. The iterative process of increasing the level of detail in a project management plan as greater amounts of information and more accurate estimates become available.






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






49. 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.






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