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






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






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






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






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






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






7. The approved version of a schedule model that can be changed only through formal change control procedures and is used as a basis for comparison to actual results.






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






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






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






11. 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.






12. A critical path method technique for calculating the early start and early finish dates by working forward through the schedule model from the project start date or a given point in time.






13. 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.






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






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






16. The uncontrolled expansion to product or project scope without adjustments to time - cost - and resources.






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






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






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






20. 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






21. The realized cost incurred for the work performed on an activity during a specific time period.






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






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






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






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






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






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






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






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






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






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






32. A logical relationship in which a successor activity cannot start until a predecessor activity has finished.






33. 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.)






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






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






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






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






38. 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.






39. 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.






40. In the critical path method - the earliest possible point in time when the uncompleted portions of a schedule activity can finish based on the schedule network logic - the data date - and any schedule constraints.






41. A representation of the plan for executing the project's activities including durations - dependencies and other planning information - used to produce a project schedule along with other scheduling artifacts.






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






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






44. 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.






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






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






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






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






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






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