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






2. An estimate expressed as a percent of the amount of work that has been completed on an activity or a work breakdown structure component.






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






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






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






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






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






8. The document that describes how the project will be executed - monitored - and controlled.






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






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






11. 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.






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






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






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






15. An event or situation that indicates that a risk is about to occur.






16. 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.






17. 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.






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






19. A group of potential causes of risk.






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






21. 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.






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






23. 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.






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






25. A document in which the results of risk analysis and risk response planning are recorded.






26. The amount of time whereby a successor activity is required to be delayed with respect to a predecessor activity.






27. 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.






28. 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.






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






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






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






32. 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.






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






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






35. 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.






36. A calendar that identifies working days and shifts that are available for scheduled activities.






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






38. A risk response strategy whereby the project team acts to reduce the probability of occurrence or impact of a risk.






39. Conditions - not under the immediate control of the team - that influence - constrain - or direct the project - program - or portfolio.






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






41. 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.






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






43. A component of the project or program management plan that describes how an organization's quality policies will be implemented.






44. A review at the end of a phase in which a decision is made to continue to the next phase - to continue with modification - or to end a project or program.






45. 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.






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






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






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






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






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