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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 event or situation that indicates that a risk is about to occur.






2. 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.






3. 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.






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






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






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






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






8. A grid that shows the project resources assigned to each work package.






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






10. A review at the end of a phase in which a decision is made to continue to the next phase - to continue with modification - or to end a project or program.






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






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






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






14. 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.






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






16. 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.






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






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






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






20. A technique used for constructing a schedule model in which activities are represented by nodes and are graphically linked by one or more logical relationships to show the sequence in which the activities are to be performed.






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






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






24. 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.






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






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






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






28. 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.






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






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






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






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






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






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






35. The uncontrolled expansion to product or project scope without adjustments to time - cost - and resources.






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






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






38. 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.






39. 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.)






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






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






42. A measure of schedule efficiency expressed as the ratio of earned value to planned value.






43. A grid that links product requirements from their origin to the deliverables that satisfy them.






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






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






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






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






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






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






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