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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 or program management plan that describes how requirements will be analyzed - documented and managed.






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






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






5. 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






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






7. 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.






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






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






10. A group of potential causes of risk.






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






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






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






14. The process of optimizing the mix of portfolio components to further the strategic objectives of the organization.






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






16. 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.






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






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






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






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






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






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






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






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






25. 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.






26. An estimate expressed as a percent of the amount of work that has been completed on an activity or a work breakdown structure component.






27. 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.






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






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






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






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






32. A technique used to shorten the schedule duration for the least incremental cost by adding resources.






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






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






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






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






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






38. An estimate of the longest activity duration - which takes into account all of the known variables that could affect performance.






39. 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.






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






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






42. 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.






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






44. Conditions - not under the immediate control of the team - that influence - constrain - or direct the project - program - or portfolio.






45. 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.






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






47. 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.






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






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






50. A measure of schedule performance expressed as the difference between the earned value and the planned value.