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






2. A point in time when the status of the project is recorded.






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






4. 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.






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






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






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






8. 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.






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






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






11. 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






12. 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.






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






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






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






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






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






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






19. An intentional activity that ensures the future performance of the project work is aligned with the project management plan.






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






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






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






23. 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.






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






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






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






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






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






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






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






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






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






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






34. 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.






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






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






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






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






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






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






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






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






43. 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.






44. The authorized budget assigned to scheduled work.






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






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






47. 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.






48. 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.






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






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