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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 grid that links product requirements from their origin to the deliverables that satisfy them.






2. 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.






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






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






5. 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.






6. 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.






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






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






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






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






11. 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.






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






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






14. 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.






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






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






17. 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.






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






19. The authorized budget assigned to scheduled work.






20. 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.






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






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






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






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






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






26. 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






27. A temporary endeavor undertaken to create a unique product - service - or result.






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






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






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






31. A technique used for constructing a schedule model in which activities are represented by nodes and are graphically linked by one or more logical relationships to show the sequence in which the activities are to be performed.






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






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






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






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






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






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






38. 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.






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






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






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






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






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






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






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






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






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






49. A technique for determining the cause and degree of difference between the baseline and actual performance.






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