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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 hierarchical representation of resources by category and type.






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






3. 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.






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






5. 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.






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






7. 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.






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






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






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






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






12. 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.






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






14. A distinct - scheduled portion of work performed during the course of a project.






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






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






17. 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.






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






19. 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






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






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






22. 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.






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






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






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






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






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






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






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






30. An activity that logically comes before a dependent activity in a schedule.






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






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






33. 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.






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






35. 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.






36. 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.






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






38. 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.






39. 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.






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






41. A risk that arises as a direct result of implementing a risk response.






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






43. 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.






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






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






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






47. An estimate of the longest activity duration - which takes into account all of the known variables that could affect performance.






48. The authorized budget assigned to scheduled work.






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






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.)






Can you answer 50 questions in 15 minutes?



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