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






2. 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.






3. 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.






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






5. 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.






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






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






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






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






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






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






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






13. 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.






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






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






16. A technique for determining the cause and degree of difference between the baseline and actual performance.






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






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






19. 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.






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






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






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






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






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






25. 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.)






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






27. In the critical path method - the earliest possible point in time when the uncompleted portions of a schedule activity can finish based on the schedule network logic - the data date - and any schedule constraints.






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






29. 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.






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






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






32. 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.






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






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






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






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






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






38. 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.






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






40. 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.






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






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






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






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






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






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






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






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






49. 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.






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