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






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






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






4. 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.






5. An intentional activity that ensures the future performance of the project work is aligned with the project management plan.






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






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






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






9. A technique used to shorten the schedule duration without reducing the project scope.






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






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






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






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






14. 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.)






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






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






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






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






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






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






21. 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.






22. A response to a threat that has occurred - for which a prior response had not been planned or was not effective.






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






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






25. 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.






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






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






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






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






30. A document that provides detailed deliverable - activity - and scheduling information about each component in the work breakdown structure.






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






32. 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.






33. 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.






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






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






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






37. 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.






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






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






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






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






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






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






44. A process used to investigate or analyze the output of the schedule model in order to optimize the schedule






45. A group of potential causes of risk.






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






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






48. 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.






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






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