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






2. 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.






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






4. A group of potential causes of risk.






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






6. 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.






7. 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.






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






9. 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.






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






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






12. 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.






13. A dependency between two activities - or between an activity and a milestone.






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






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






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






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






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






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






20. 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.






21. A method of estimating project duration or cost by aggregating the estimates of the lower-level components of the work breakdown structure (WBS).






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






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






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






25. A point in time when the status of the project is recorded.






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






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






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






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






30. 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.






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






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






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






34. 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.






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






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






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






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






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






40. 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






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






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






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






44. A formal proposal to modify any document - deliverable - or baseline.






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






46. 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.






47. 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.






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






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






50. 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.