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






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






3. 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.)






4. A formal proposal to modify any document - deliverable - or baseline.






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






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






7. A group of potential causes of risk.






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






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






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






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






12. 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.






13. 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.






14. A response to a threat that has occurred - for which a prior response had not been planned or was not effective.






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






16. 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.






17. 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.






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






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






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






21. The approved version of a scope statement - work breakdown structure (WBS) - and its associated WBS dictionary - which can be changed only through formal change control procedures and is used as a basis for comparison.






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






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






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






25. 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.






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






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






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






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






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






31. A technique in which start and finish dates are adjusted based on resource constraints with the goal of balancing demand for resources with the available supply.






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






33. 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.






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






35. The iterative process of increasing the level of detail in a project management plan as greater amounts of information and more accurate estimates become available.






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






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






38. 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.






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






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






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






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






43. The application of knowledge - skills - tools - and techniques to a program to meet the program requirements and to obtain benefits and control not available by managing projects individually.






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






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






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






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






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






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






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






Can you answer 50 questions in 15 minutes?



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