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






2. 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.






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






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






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






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






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






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






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






10. 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.






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






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






13. 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.






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






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






16. 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.






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






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






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






20. 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.






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






22. 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.






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






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






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






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






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






28. A projection of the amount of budget deficit or surplus - expressed as the difference between the budget at completion and the estimate at completion.






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






30. 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.






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






32. 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.






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






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






35. 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.






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






37. 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.






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






39. 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.






40. 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.






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






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






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






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






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






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






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






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






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






50. 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.