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






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






3. A logical relationship in which a successor activity cannot start until a predecessor activity has finished.






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






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






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






7. A graphical representation of the logical relationships among the project schedule activities.






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






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






10. 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.






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






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






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






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






15. 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.






16. 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.






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






18. 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.)






19. 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.






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






21. 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.






22. 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.






23. 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.






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






25. The centralized management of one or more portfolios to achieve strategic objectives.






26. 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.






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






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






29. 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.






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






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






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






33. 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.)






34. A measure of schedule efficiency expressed as the ratio of earned value to planned value.






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






36. 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






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






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






39. A group of potential causes of risk.






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






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






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






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






44. 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.






45. The authorized budget assigned to scheduled work.






46. A formal proposal to modify any document - deliverable - or baseline.






47. 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






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






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






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