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






2. The knowledge gained during a project which shows how project events were addressed or should be addressed in the future for the purpose of improving future performance






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






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






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






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






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






8. A hierarchical representation of resources by category and type.






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






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






12. 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.






13. 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.






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






15. The amount of budget deficit or surplus at a given point in time - expressed as the difference between the earned value and the actual cost.






16. A group of potential causes of risk.






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






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






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






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






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






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






23. A risk response strategy whereby the project team acts to reduce the probability of occurrence or impact of a risk.






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






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






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






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






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






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






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






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






32. A component of the human resource plan that describes when and how team members will be acquired and how long they will be needed.






33. 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.






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






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






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






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






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






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






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






41. 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.






42. 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.)






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






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






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






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






47. An intentional activity that ensures the future performance of the project work is aligned with the project management plan.






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






49. An output of a schedule model that presents linked activities with planned dates - durations - milestones - and resources.






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