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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 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.






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






3. A management control point where scope - budget - actual cost - and schedule are integrated and compared to earned value for performance measurement.






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






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






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






7. Projects - programs - subportfolios - and operations managed as a group to achieve strategic objectives.






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






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






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






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






13. 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.






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






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






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






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






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






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






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






22. A calendar that identifies the working days and shifts upon which each specific resource is available.






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






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






25. 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.






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






27. 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.






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






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






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






31. 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.






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






33. 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.






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






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






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






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






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






39. 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.






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






41. A formal proposal to modify any document - deliverable - or baseline.






42. A review at the end of a phase in which a decision is made to continue to the next phase - to continue with modification - or to end a project or program.






43. 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.






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






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






46. A formally chartered group responsible for reviewing - evaluating - approving - delaying - or rejecting changes to the project and for recording and communicating such decisions.






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






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






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






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