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






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






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






4. 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.






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






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






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






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






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






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






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






12. 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.






13. 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.






14. 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.






15. A logical relationship in which a successor activity cannot start until a predecessor activity has started.






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






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






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 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.






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






21. 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.






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






23. A component of the project or program management plan that describes how the roles and responsibilities - reporting relationships - and staff management will be addressed and structured.






24. 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.






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






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






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






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. 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.






30. 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.






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






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






33. A limiting factor that affects the execution of a project - program - portfolio - or process.






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






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






36. 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.)






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






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






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






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






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






42. A technique used to estimate cost or duration by applying an average of optimistic - pessimistic - and most likely estimates when there is uncertainty with the individual activity estimates.






43. A grid that links product requirements from their origin to the deliverables that satisfy them.






44. The authorized budget assigned to scheduled work.






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






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






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






48. 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.






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






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