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






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






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






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






5. 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.






6. 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.






7. 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.






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






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






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






11. 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.






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






13. The series of phases that represent the evolution of a product - from concept through delivery - growth - maturity - and to retirement.






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






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






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






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






18. An individual - group - or organization who may affect - be affected by - or perceive itself to be affected by a decision - activity - or outcome of a project - program - or portfolio.






19. The description of the project scope - major deliverables - assumptions - and constraints.






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






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






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






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






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






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






26. The level of an organization's ability to deliver the desired strategic outcomes in a predictable - controllable - and reliable manner.






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






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






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






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






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






32. An enterprise whose personnel are the most directly involved in doing the work of the project or program.






33. The authorized budget assigned to scheduled work.






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






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






36. 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.






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






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






39. 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.






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






41. A collection of logically related project activities that culminates in the completion of one or more deliverables.






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






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






44. A component of the project - program - or portfolio management plan that describes how - when - and by whom information will be administered and disseminated.






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






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






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






48. The sum of all budgets established for the work to be performed.






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






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