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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 diagramming and calculation technique for evaluating the implications of a chain of multiple options in the presence of uncertainty.






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






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






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






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






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






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






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






9. 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.






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






11. 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.






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






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






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






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






16. 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.






17. The authorized budget assigned to scheduled work.






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






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






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






21. 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.






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






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






24. 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






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






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






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






28. 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.






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






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






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






32. A group of potential causes of risk.






33. 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.






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






35. 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.






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






37. The amount of time whereby a successor activity is required to be delayed with respect to a predecessor activity.






38. In the critical path method - the latest possible point in time when the uncompleted portions of a schedule activity can finish based on the schedule network logic - the project completion date - and any schedule constraints.






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






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






41. 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.






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






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






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






45. 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.






46. The process of optimizing the mix of portfolio components to further the strategic objectives of the organization.






47. An individual - group - or organization who may affect - be affected by - or perceive itself to be affected by a decision - activity - or outcome of a project - program - or portfolio.






48. 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.






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






50. A risk that would have a negative effect on one or more project objectives.