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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 process used to investigate or analyze the output of the schedule model in order to optimize the schedule






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






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






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






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






6. The series of phases that a project passes through from its initiation to its closure.






7. 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.






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






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






10. A relationship in which a schedule activity has more than one predecessor.






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






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






13. 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.






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






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






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






17. A technique for determining the cause and degree of difference between the baseline and actual performance.






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






19. 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.






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






21. A dependency between two activities - or between an activity and a milestone.






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






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






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






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






26. 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.






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






28. An intentional activity to modify a nonconforming product or product component.






29. The sequence of activities that represents the longest path through a project - which determines the shortest possible duration.






30. A relationship in which a schedule activity has more than one successor.






31. 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






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






33. A set of procedures that describes how modifications to the project deliverables and documentation are managed and controlled.






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






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






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






37. A component of the project or program management plan that describes how requirements will be analyzed - documented and managed.






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






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






40. 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.






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






42. 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.






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






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






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






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






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






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






49. 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.






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