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






2. 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.






3. 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.






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






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






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






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






8. A numbering system used to uniquely identify each component of the work breakdown structure.






9. 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.






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






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






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






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






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






15. A component of the project or program management plan that describes how a team will acquire goods and services from outside of the performing organization.






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






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






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






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






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






21. 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.






22. A condition or capability that is required to be present in a product - service - or result to satisfy a contract or other formally imposed specification.






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






24. 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.






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






26. 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.






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






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






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






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






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






32. 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






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






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






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






36. 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.)






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






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






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






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






41. 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.






42. The amount of time that a schedule activity can be delayed without delaying the early start date of any successor or violating a schedule constraint.






43. 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.






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






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






46. The approved version of a work product that can be changed only through formal change control procedures and is used as a basis for comparison.






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






48. A critical path method technique for calculating the late start and late finish dates by working backward through the schedule model from the project end date.






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






50. 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.)