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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 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.)






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






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






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






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






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






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






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






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






10. 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.






11. 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.






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






13. A group of potential causes of risk.






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






15. 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






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






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






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






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






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






21. 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.






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






23. 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.






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






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






26. 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






27. The authorized budget assigned to scheduled work.






28. 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.






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






30. 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.






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






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






33. A component of the project or program management plan that describes how an organization's quality policies will be implemented.






34. 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.






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






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






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






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






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






40. 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.)






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






42. The level of an organization's ability to deliver the desired strategic outcomes in a predictable - controllable - and reliable manner.






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






44. 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.






45. A document that provides detailed deliverable - activity - and scheduling information about each component in the work breakdown structure.






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






47. 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.






48. 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.






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






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