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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 sum of all budgets established for the work to be performed.






2. 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.






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






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






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






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






7. A critical path method technique for calculating the early start and early finish dates by working forward through the schedule model from the project start date or a given point in time.






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






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






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






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






12. A condition or capability that is required to be present in a product - service - or result to satisfy a contract or other formally imposed specification.






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






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






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






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






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






18. 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.






19. 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.






20. 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.






21. 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.






22. 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.






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






24. A component of the project or program management plan that describes how the roles and responsibilities - reporting relationships - and staff management will be addressed and structured.






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






26. 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.






27. 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






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






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






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






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






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






33. The document that describes how the project will be executed - monitored - and controlled.






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






35. The uncontrolled expansion to product or project scope without adjustments to time - cost - and resources.






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






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






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






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






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






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






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






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






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






45. A grid that shows the project resources assigned to each work package.






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






47. 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.






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






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






50. 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.)