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






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






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






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






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






6. A group of related projects - subprograms and program activities that are managed in a coordinated way to obtain benefits not available from managing them individually.






7. 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.






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






9. 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.






10. 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






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






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






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






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






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






16. 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.)






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






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






19. 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.






20. A group of potential causes of risk.






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






22. An output of a schedule model that presents linked activities with planned dates - durations - milestones - and resources.






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






24. 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.






25. 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.






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






27. 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.






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






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






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






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






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






33. A technique used to shorten the schedule duration without reducing the project scope.






34. A schedule compression technique in which activities or phases normally done in sequence are performed in parallel for at least a portion of their duration.






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






36. A dependent activity that logically comes after another activity in a schedule.






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






39. 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.






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






41. A technique for estimating the duration or cost of an activity or a project - using historical data from a similar activity or project.






42. 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.






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






44. 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.






45. 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.






46. 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.






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






48. A projection of the amount of budget deficit or surplus - expressed as the difference between the budget at completion and the estimate at completion.






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






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