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






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






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






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






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






6. A limiting factor that affects the execution of a project - program - portfolio - or process.






7. 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.






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






9. 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.






10. 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.






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






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






13. A group of potential causes of risk.






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






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






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






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






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






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






20. 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.)






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






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






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






24. 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.






25. A schedule method that allows the project team to place buffers on any project schedule path to account for limited resources and project uncertainties.






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






27. 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.






28. A process used to investigate or analyze the output of the schedule model in order to optimize the schedule






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






30. 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.






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






34. 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.






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






36. 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.






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






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






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






40. 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.






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






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






43. 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.






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






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






46. A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.






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






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






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






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