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






2. 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.






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






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






5. 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.






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






7. A component of the project or program management plan that describes how an organization's quality policies will be implemented.






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






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






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






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






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






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






14. 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.






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






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






17. 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.






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






19. 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.






20. A group of potential causes of risk.






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






22. A set of procedures that describes how modifications to the project deliverables and documentation are managed and controlled.






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






24. 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.)






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






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






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






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






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






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






31. 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.






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






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






34. 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






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






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






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






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






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






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






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






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






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






44. A measure of schedule efficiency expressed as the ratio of earned value to planned value.






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






46. In the critical path method - the earliest possible point in time when the uncompleted portions of a schedule activity can start based on the schedule network logic - the data date - and any schedule constraints.






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






48. 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.






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. 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.