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






2. 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.






3. A technique used for dividing and sub-dividing the project scope and project deliverables into smaller - more manageable parts.






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






5. A method used to estimate the minimum project duration and determine the amount of scheduling flexibility on the logical network paths within the schedule model.






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






8. 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.






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






10. 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.






11. 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.






12. A component of a project or program management plan that describes how costs will be planned - structured - and controlled.






13. 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.






14. 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.






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






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






17. A group of potential causes of risk.






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






19. The amount of time that a schedule activity can be delayed or extended from its early start date without delaying the project finish date or violating a schedule constraint.






20. The amount of time that a schedule activity can be delayed without delaying the early start date of any successor or violating a schedule constraint.






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






22. 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.






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






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






25. 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.






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






27. A technique in which start and finish dates are adjusted based on resource constraints with the goal of balancing demand for resources with the available supply.






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






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






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






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






32. The number of labor units required to complete a schedule activity or work breakdown structure component - often expressed in hours - days - or weeks.






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






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






35. 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.






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






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






38. 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.






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






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






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






42. A calendar that identifies working days and shifts that are available for scheduled activities.






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






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






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






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






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






48. 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.






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






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