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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 cost to finish all the remaining project work.






2. 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.






3. 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.






4. The amount of time that a schedule activity can be delayed or extended from its early start date without delaying the project finish date or violating a schedule constraint.






5. 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.






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






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






8. 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.






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






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






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






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






13. 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.






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






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






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






17. A document in which the results of risk analysis and risk response planning are recorded.






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






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






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






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






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






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






25. The authorized budget assigned to scheduled work.






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






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






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






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






30. 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






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






32. 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.






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






34. 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






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






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






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






38. 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.






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






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






41. A representation of the plan for executing the project's activities including durations - dependencies and other planning information - used to produce a project schedule along with other scheduling artifacts.






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






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






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






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






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






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






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






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






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







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