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






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






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






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






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






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






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






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






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






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






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






13. 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






14. 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.






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






16. 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.






17. 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.






18. 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.






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






20. A response to a threat that has occurred - for which a prior response had not been planned or was not effective.






21. A risk that would have a negative effect on one or more project objectives.






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






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






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






25. 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.






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






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






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






29. 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.






30. Plans - processes - policies - procedures and knowledge bases specific to and used by the performing organization.






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






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






33. 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.






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. The application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.






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






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






38. 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.






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






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






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






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






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






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






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






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






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






48. 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.






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






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