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PMI Project Management Vocab

Instructions:
  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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 schedule compression technique in which activities or phases normally done in sequence are performed in parallel for at least a portion of their duration.






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






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






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






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






6. 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.






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






8. A group of related projects - subprograms and program activities that are managed in a coordinated way to obtain benefits not available from managing them individually.






9. 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.






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






11. 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.






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






13. In the critical path method - the latest possible point in time when the uncompleted portions of a schedule activity can start based on the schedule network logic - the project completion date - and any schedule constraints.






14. The authorized budget assigned to scheduled work.






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






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






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






18. 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.






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






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






21. 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.)






22. 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.






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






24. A factor in the planning process that is considered to be true - real - or certain - without proof or demonstration.






25. 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.






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






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






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






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






30. A limiting factor that affects the execution of a project - program - portfolio - or process.






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






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






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






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






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






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






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






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






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






40. 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.






41. Any unique and verifiable product - result - or capability to perform a service that is required to be produced to complete a process - phase - or project.






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






43. 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.






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






45. 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






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






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






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






49. The series of phases that a project passes through from its initiation to its closure.






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







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