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






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






3. 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.






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






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






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






7. A schedule compression technique in which activities or phases normally done in sequence are performed in parallel for at least a portion of their duration.






8. A formally chartered group responsible for reviewing - evaluating - approving - delaying - or rejecting changes to the project and for recording and communicating such decisions.






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






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






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






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






13. The amount of time whereby a successor activity can be advanced with respect to a predecessor activity.






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






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






16. 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.






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






18. 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.






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






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






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






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






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






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






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






26. The series of phases that a project passes through from its initiation to its closure.






27. 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.






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






29. An activity that does not produce definitive end products and is measured by the passage of time. (Note: Level of effort is one of three earned value management [EVM] types of activities used to measure work performance.)






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






31. The iterative process of increasing the level of detail in a project management plan as greater amounts of information and more accurate estimates become available.






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






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






34. 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.






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






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






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






38. 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.






39. 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.






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






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






42. 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.






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






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






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






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






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






48. 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.






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






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