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






2. 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.






3. An activity that logically comes before a dependent activity in a schedule.






4. 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.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






20. The uncontrolled expansion to product or project scope without adjustments to time - cost - and resources.






21. 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.






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






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






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






25. 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.






26. 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.






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






28. Plans - processes - policies - procedures and knowledge bases specific to and used by the performing organization.






29. 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.






30. A formally chartered group responsible for reviewing - evaluating - approving - delaying - or rejecting changes to the project and for recording and communicating such decisions.






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






32. The realized cost incurred for the work performed on an activity during a specific time period.






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






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






35. 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.






36. 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.






37. 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.






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






39. 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.






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






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






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






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






44. 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.






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






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






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






50. The approved version of a scope statement - work breakdown structure (WBS) - and its associated WBS dictionary - which can be changed only through formal change control procedures and is used as a basis for comparison.