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






2. 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.






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






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






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






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






7. A group of potential causes of risk.






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






9. 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.






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






11. 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.






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






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






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






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






16. 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.






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






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






19. An activity that can be planned and measured and that yields a specific output. (Note: Discrete effort is one of three earned value management [EVM] types of activities used to measure work performance.)






20. A temporary endeavor undertaken to create a unique product - service - or result.






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






22. A component of the human resource plan that describes when and how team members will be acquired and how long they will be needed.






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






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






26. 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.






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






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






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






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






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






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






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






34. 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.






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






36. 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.)






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






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






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






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






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






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






43. The amount of time whereby a successor activity is required to be delayed with respect to a predecessor activity.






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






45. In the critical path method - the latest possible point in time when the uncompleted portions of a schedule activity can finish based on the schedule network logic - the project completion date - and any schedule constraints.






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






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






48. 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.






49. 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.






50. 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.