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






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






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






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






5. 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.






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






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






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






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






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






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






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






13. 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.






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






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






16. 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






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






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






19. 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.






20. 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.






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






22. 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.






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






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






25. 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.






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






27. 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.






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






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






30. 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.)






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






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






33. 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.






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






35. A risk that would have a negative effect on one or more project objectives.






36. A condition or capability that is required to be present in a product - service - or result to satisfy a contract or other formally imposed specification.






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






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






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






40. A logical relationship in which a successor activity cannot finish until a predecessor activity has finished.






41. A risk response strategy whereby the project team acts to eliminate the threat or protect the project from its impact.






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






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






44. 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.






45. A group of potential causes of risk.






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






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






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






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






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