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






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






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






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






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






6. 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.






7. 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.






8. A component of the project or program management plan that describes how the scope will be defined - developed - monitored - controlled - and verified.






9. 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.)






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






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






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






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






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






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






16. 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.






17. A critical path method technique for calculating the late start and late finish dates by working backward through the schedule model from the project end date.






18. A bar chart of schedule information where activities are listed on the vertical axis - dates are shown on the horizontal axis - and activity durations are shown as horizontal bars placed according to start and finish dates.






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






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






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






22. 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.






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






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






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






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






27. 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






28. 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.






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






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






31. 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.






32. 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.






33. An estimating technique in which an algorithm is used to calculate cost or duration based on historical data and project parameters.






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






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






36. A dependent activity that logically comes after another activity in a schedule.






37. 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.






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






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






40. 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.






41. 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.






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






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






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






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






46. 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.






47. 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.






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






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






50. The amount of time whereby a successor activity can be advanced with respect to a predecessor activity.