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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 that ensures the future performance of the project work is aligned with the project management plan.






2. 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.






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






4. 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.






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






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






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






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






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






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






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






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






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






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






15. The sequence of activities that represents the longest path through a project - which determines the shortest possible duration.






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






17. 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.






18. An earned value management technique used to indicate performance trends by using a graph that displays cumulative costs over a specific time period.






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






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






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






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






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






24. 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.






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






26. 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.






27. A measure of schedule performance expressed as the difference between the earned value and the planned value.






28. A logical relationship in which a successor activity cannot start until a predecessor activity has started.






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






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






31. 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.






32. 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.






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






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






35. 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.






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






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






38. A hierarchical representation of the project organization - which illustrates the relationship between project activities and the organizational units that will perform those activities.






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






40. 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.






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






42. 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.






43. 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.






44. 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.






45. An activity that does not produce definitive end products and is measured by the passage of time. (Note: Level of effort is one of three earned value management [EVM] types of activities used to measure work performance.)






46. 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.






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






48. 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.






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






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







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