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






2. An estimate expressed as a percent of the amount of work that has been completed on an activity or a work breakdown structure component.






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






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






5. 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.






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






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






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






9. 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.






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






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






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






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






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






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






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






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






18. The authorized budget assigned to scheduled work.






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






20. A risk that would have a positive effect on one or more project objectives.






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






22. 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.






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






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






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






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






27. The approved version of a schedule model that can be changed only through formal change control procedures and is used as a basis for comparison to actual results.






28. A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.






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






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






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






32. A group of potential causes of risk.






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






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






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






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






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






38. 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






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






40. 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.






41. 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.






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






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






44. A component of the project or program management plan that describes how the scope will be defined - developed - monitored - controlled - and verified.






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






46. 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.






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






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






49. 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.






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