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






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






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






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






5. 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.






6. A management structure that standardizes the program-related governance processes and facilitates the sharing of resources - methodologies - tools - and techniques.






7. A process used to investigate or analyze the output of the schedule model in order to optimize the schedule






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






9. 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.






10. 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.)






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






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






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






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






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






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






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






18. 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.






19. 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.






20. 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.






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






22. 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.






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






24. 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.






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






26. 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






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






28. 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.






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






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






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






32. A component of a project or program management plan that describes how costs will be planned - structured - and controlled.






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






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






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






36. 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.






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






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






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






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






42. 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.






43. The amount of time that a schedule activity can be delayed without delaying the early start date of any successor or violating a schedule constraint.






44. A group of potential causes of risk.






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






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






47. A management control point where scope - budget - actual cost - and schedule are integrated and compared to earned value for performance measurement.






48. 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.






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






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