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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 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.






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






3. 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.






4. An iterative planning technique in which the work to be accomplished in the near term is planned in detail - while the work in the future is planned at a higher level.






5. A group of potential causes of risk.






6. 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.






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






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






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






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






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






12. 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.






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






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






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






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






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






18. 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.






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






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






21. The expected cost to finish all the remaining project work.






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






23. 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.






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






25. 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






26. A group of related projects - subprograms and program activities that are managed in a coordinated way to obtain benefits not available from managing them individually.






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






28. A component of a project or program management plan that describes how costs will be planned - structured - and controlled.






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






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






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






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






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






34. 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.






35. 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.






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






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






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






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






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






41. 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.






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






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






44. The series of phases that a project passes through from its initiation to its closure.






45. The level of an organization's ability to deliver the desired strategic outcomes in a predictable - controllable - and reliable manner.






46. An individual - group - or organization who may affect - be affected by - or perceive itself to be affected by a decision - activity - or outcome of a project - program - or portfolio.






47. Any activity on the critical path in a project schedule.






48. A component of the project or program management plan that describes how the roles and responsibilities - reporting relationships - and staff management will be addressed and structured.






49. 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.






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