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PMI Project Management Vocab

Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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 document in which the results of risk analysis and risk response planning are recorded.






2. 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.






3. 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.






4. 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.






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






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






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






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






9. 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.






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






11. 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.






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






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






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






15. A technique in which start and finish dates are adjusted based on resource constraints with the goal of balancing demand for resources with the available supply.






16. 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.






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






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






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






20. 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.






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






22. 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.






23. 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.






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






25. A logical relationship in which a successor activity cannot finish until a predecessor activity has started.






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






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






28. A group of potential causes of risk.






29. 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.






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






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






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






33. A point in time when the status of the project is recorded.






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






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






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






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






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






39. 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.






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






41. A graphical representation of the logical relationships among the project schedule activities.






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






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






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






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






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






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






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






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






50. 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.







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