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






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






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






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






5. 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.






6. 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.






7. 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.






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






9. The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete.






10. 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.






11. 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.






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






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






14. 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






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






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






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






18. 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.






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






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






21. A group of potential causes of risk.






22. 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






23. 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.






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






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






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






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






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






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






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






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






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






33. 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.






34. A hierarchical representation of resources by category and type.






35. A diagramming and calculation technique for evaluating the implications of a chain of multiple options in the presence of uncertainty.






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






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






38. 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.






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






40. A response to a threat that has occurred - for which a prior response had not been planned or was not effective.






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






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






43. 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.






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






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






46. 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.






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






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






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






50. 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.