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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 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.






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






3. 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.






4. 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.






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






6. An activity that logically comes before a dependent activity in a schedule.






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






8. A group of potential causes of risk.






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






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






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






12. 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.






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






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






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






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






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






18. 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.






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






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






21. 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.






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






23. 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.






24. 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






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






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






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






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






29. 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.






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






31. A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.






32. 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.






33. A logical relationship in which a successor activity cannot start until a predecessor activity has finished.






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






35. The application of knowledge - skills - tools - and techniques to a program to meet the program requirements and to obtain benefits and control not available by managing projects individually.






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






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






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






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






40. 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.






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






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






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






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






45. 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.






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






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






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






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






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