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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 risk response strategy whereby the project team decides to acknowledge the risk and not take any action unless the risk occurs.






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






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






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






5. 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.






6. 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.






7. A factor in the planning process that is considered to be true - real - or certain - without proof or demonstration.






8. 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.






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






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






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






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






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






14. A set of procedures that describes how modifications to the project deliverables and documentation are managed and controlled.






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






16. 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.






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






18. 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






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






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






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






22. The amount of time whereby a successor activity can be advanced with respect to a predecessor activity.






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






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






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






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






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






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






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






30. Conditions - not under the immediate control of the team - that influence - constrain - or direct the project - program - or portfolio.






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






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






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






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






35. 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.






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






37. A method of estimating project duration or cost by aggregating the estimates of the lower-level components of the work breakdown structure (WBS).






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






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






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






41. A logical relationship in which a successor activity cannot finish until a predecessor activity has started.






42. 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.)






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






44. A technique for estimating the duration or cost of an activity or a project - using historical data from a similar activity or project.






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






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






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






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






49. 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.






50. A component of the human resource plan that describes when and how team members will be acquired and how long they will be needed.