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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 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






2. An iterative planning technique in which the work to be accomplished in the near term is planned in detail - while the work in the future is planned at a higher level.






3. The amount of budget deficit or surplus at a given point in time - expressed as the difference between the earned value and the actual cost.






4. A diagramming and calculation technique for evaluating the implications of a chain of multiple options in the presence of uncertainty.






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






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






7. A projection of the amount of budget deficit or surplus - expressed as the difference between the budget at completion and the estimate at completion.






8. 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.






9. 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.






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






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






12. 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.






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






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






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






16. 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.






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






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






19. A group of potential causes of risk.






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






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






22. A graphical representation of the logical relationships among the project schedule activities.






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






24. 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.






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






26. 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.






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






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






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






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






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






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






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






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






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






36. A set of conditions that is required to be met before deliverables are accepted.






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






38. 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.






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






40. 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.






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






42. 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.






43. The sequence of activities that represents the longest path through a project - which determines the shortest possible duration.






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






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






46. A component of the project - program - or portfolio management plan that describes how - when - and by whom information will be administered and disseminated.






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






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






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






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







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