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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. 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.






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






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






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






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






6. A component of the human resource plan that describes when and how team members will be acquired and how long they will be needed.






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






8. An intentional activity that realigns the performance of the project work with the project management plan.






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






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






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






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






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






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






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






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






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






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






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






20. 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.






21. 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.






22. 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.






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






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






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






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






27. 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.






28. 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.






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






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






31. The authorized budget assigned to scheduled work.






32. 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.






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






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






36. The approved version of a schedule model that can be changed only through formal change control procedures and is used as a basis for comparison to actual results.






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






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






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






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






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






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






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






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






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






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






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






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






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






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







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