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






2. A relationship in which a schedule activity has more than one predecessor.






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






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






5. 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.)






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






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






8. The description of the project scope - major deliverables - assumptions - and constraints.






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






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






11. A component of the project or program management plan that describes how the roles and responsibilities - reporting relationships - and staff management will be addressed and structured.






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






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






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






15. 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.






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






17. 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.






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






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






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






21. Any unique and verifiable product - result - or capability to perform a service that is required to be produced to complete a process - phase - or project.






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






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






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






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






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






27. 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.






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






29. The centralized management of one or more portfolios to achieve strategic objectives.






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






31. 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.






32. 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.






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






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






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






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






37. A group of potential causes of risk.






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






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






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






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






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






43. 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.






44. A representation of the plan for executing the project's activities including durations - dependencies and other planning information - used to produce a project schedule along with other scheduling artifacts.






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






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






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






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






49. 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.)






50. A set of conditions that is required to be met before deliverables are accepted.