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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 event or situation that indicates that a risk is about to occur.






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






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






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






5. A bar chart of schedule information where activities are listed on the vertical axis - dates are shown on the horizontal axis - and activity durations are shown as horizontal bars placed according to start and finish dates.






6. A representation of the plan for executing the project's activities including durations - dependencies and other planning information - used to produce a project schedule along with other scheduling artifacts.






7. An uncertain event or condition that - if it occurs - has a positive or negative effect on one or more project objectives.






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






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






10. 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.)






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






12. The work performed to deliver a product - service - or result with the specified features and functions.






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






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






15. 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.






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






17. The amount of time that a schedule activity can be delayed without delaying the early start date of any successor or violating a schedule constraint.






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






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






20. A logical relationship in which a successor activity cannot finish until a predecessor activity has finished.






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






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






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






24. 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.






25. 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.






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






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






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






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






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






31. The authorized budget assigned to scheduled work.






32. 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.






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






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






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






36. A group of related schedule activities aggregated and displayed as a single activity.






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






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






39. 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.






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






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






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






43. 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.






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






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






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






47. 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.






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






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






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







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