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






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






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






4. 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.






5. 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.






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






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






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






9. 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.






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






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






12. The number of labor units required to complete a schedule activity or work breakdown structure component - often expressed in hours - days - or weeks.






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






14. 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.






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






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






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






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






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






20. The authorized budget assigned to scheduled work.






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






22. A review at the end of a phase in which a decision is made to continue to the next phase - to continue with modification - or to end a project or program.






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






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






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






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






27. 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.






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






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






30. 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.






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






32. 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.






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






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






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






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






37. 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.






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






39. A numbering system used to uniquely identify each component of the work breakdown structure.






40. 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.






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






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






43. 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.






44. 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.






45. 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.)






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






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






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






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






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.)