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






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






3. 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.






4. The person assigned by the performing organization to lead the team that is responsible for achieving the project objectives.






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






6. 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.






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






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






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






10. A process whereby modifications to documents - deliverables - or baselines associated with the project are identified - documented - approved - or rejected.






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






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






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






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






15. 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.






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






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






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






19. 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.






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






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






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






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






24. 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.






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






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






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






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






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






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






31. The application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.






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






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






34. 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.






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






36. An estimate of the shortest activity duration that takes into account all of the known variables that could affect performance.






37. 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.






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






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






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






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






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






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






44. 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.






45. 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.






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






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






48. A component of the project or program management plan that describes how a team will acquire goods and services from outside of the performing organization.






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






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