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






2. 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






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






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






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






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






7. Plans - processes - policies - procedures and knowledge bases specific to and used by the performing organization.






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






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






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






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






12. 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.






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






14. 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.






15. 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.






16. 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






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






18. 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.






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






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






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






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






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






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






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






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






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






28. 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.






29. 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.






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






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






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






33. An iterative planning technique in which the work to be accomplished in the near term is planned in detail - while the work in the future is planned at a higher level.






34. 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.






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






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






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






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






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






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






41. 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.






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






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






44. 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.






45. The person assigned by the performing organization to lead the team that is responsible for achieving the project objectives.






46. A group of potential causes of risk.






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






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






49. 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.






50. 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.