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






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






3. A hierarchical representation of resources by category and type.






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






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






6. 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.






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






8. 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






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






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






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






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






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






14. A review at the end of a phase in which a decision is made to continue to the next phase - to continue with modification - or to end a project or program.






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






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






17. 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.






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






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






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






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






22. 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.






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






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






25. 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.






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






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






28. A component of a project or program management plan that describes how costs will be planned - structured - and controlled.






29. 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.






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






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






32. A logical relationship in which a successor activity cannot finish until a predecessor activity has finished.






33. 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.






34. A dependency between two activities - or between an activity and a milestone.






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






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






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






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






40. 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.)






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






42. 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.






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






45. 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.)






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






47. 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.






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






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






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