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






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






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






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






5. A methodology that combines scope - schedule - and resource measurements to assess project performance and progress.






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






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






8. 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.






9. 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.






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






11. 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.






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






13. A component of the project or program management plan that describes how an organization's quality policies will be implemented.






14. A grid that shows the project resources assigned to each work package.






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






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






17. 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.






18. 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.)






19. 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.






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






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






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






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






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






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






26. 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.






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






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






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






30. 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.






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






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






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






35. The sum of all budgets established for the work to be performed.






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






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






38. 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.






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






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






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






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






43. 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.






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






45. 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.






46. 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.






47. 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.






48. 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.






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






50. An individual - group - or organization who may affect - be affected by - or perceive itself to be affected by a decision - activity - or outcome of a project - program - or portfolio.