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






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






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






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






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






7. An estimate of the most probable activity duration that takes into account all of the known variables that could affect performance.






8. 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.






9. 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.






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






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






12. The description of the project scope - major deliverables - assumptions - and constraints.






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






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






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






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






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






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






19. The application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.






20. An activity that does not produce definitive end products and is measured by the passage of time. (Note: Level of effort is one of three earned value management [EVM] types of activities used to measure work performance.)






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






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






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






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






25. A technique used to shorten the schedule duration for the least incremental cost by adding resources.






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






27. A document that provides detailed deliverable - activity - and scheduling information about each component in the work breakdown structure.






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






29. 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.






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






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






32. 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.






33. 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.






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






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






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






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






38. 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.






39. 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.






40. The measure of work performed expressed in terms of the budget authorized for that work.






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






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






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






44. 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.






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






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






47. 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.






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






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






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






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