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






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






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






4. 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.






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






6. A distinct - scheduled portion of work performed during the course of a project.






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






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






9. 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.






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






11. 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.






12. 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.






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






14. 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.






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






16. 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.






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






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






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






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






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






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






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






24. 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.






25. 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.






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. An estimating technique in which an algorithm is used to calculate cost or duration based on historical data and project parameters.






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






29. 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.






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






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






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






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






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






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






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






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






38. The work performed to deliver a product - service - or result with the specified features and functions.






39. 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.






40. 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.






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






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






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






44. A dependency between two activities - or between an activity and a milestone.






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






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






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






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






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






50. 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.







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