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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 the cost efficiency of budgeted resources expressed as the ratio of earned value to actual cost.






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






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






4. 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.






5. The amount of time that a schedule activity can be delayed or extended from its early start date without delaying the project finish date or violating a schedule constraint.






6. 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.






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. 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.)






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






10. 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.






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






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






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






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






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 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.






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






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






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






20. 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.






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






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






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






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






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






26. 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.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






45. A relationship in which a schedule activity has more than one successor.






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






47. 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.






48. The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete.






49. The knowledge gained during a project which shows how project events were addressed or should be addressed in the future for the purpose of improving future performance






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







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