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






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






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






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






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






6. 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.






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






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






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






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






11. A temporary endeavor undertaken to create a unique product - service - or result.






12. The authorized budget assigned to scheduled work.






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






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






15. 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.






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






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






18. A component of the project - program - or portfolio management plan that describes how - when - and by whom information will be administered and disseminated.






19. 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.






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






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






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






23. A logical relationship in which a successor activity cannot start until a predecessor activity has started.






24. 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.






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






26. 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.






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






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






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






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






31. A technique for estimating the duration or cost of an activity or a project - using historical data from a similar activity or project.






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






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






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






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






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






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






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






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






40. 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.






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






42. 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.






43. A methodology that combines scope - schedule - and resource measurements to assess project performance and progress.






44. 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.






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






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






47. 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.






48. 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.






49. An enterprise whose personnel are the most directly involved in doing the work of the project or program.






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