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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 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.






2. 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.






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






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






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






6. 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






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






8. 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.






9. The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete.






10. A grid that shows the project resources assigned to each work package.






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






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






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






14. A technique used to estimate cost or duration by applying an average of optimistic - pessimistic - and most likely estimates when there is uncertainty with the individual activity estimates.






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






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






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






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






19. A person or group who provides resources and support for the project - program - or portfolio - and is accountable for enabling success.






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






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






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






23. 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.






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






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






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






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






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






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






30. 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.






31. 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.






32. The uncontrolled expansion to product or project scope without adjustments to time - cost - and resources.






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






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






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






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






38. 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






39. A condition or capability that is required to be present in a product - service - or result to satisfy a contract or other formally imposed specification.






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






41. 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.






42. The authorized budget assigned to scheduled work.






43. 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.






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






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






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






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






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






49. 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.






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