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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 the project organization - which illustrates the relationship between project activities and the organizational units that will perform those activities.






2. 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.






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






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






5. 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.)






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






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






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






9. The description of the project scope - major deliverables - assumptions - and constraints.






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






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






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






13. 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.






14. A dependent activity that logically comes after another activity in a schedule.






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






16. 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.






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






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






19. A process whereby modifications to documents - deliverables - or baselines associated with the project are identified - documented - approved - or rejected.






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






21. The authorized budget assigned to scheduled work.






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






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






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






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






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






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






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






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






30. 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.






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






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






33. 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






34. 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.






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






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






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






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






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






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






42. The knowledge gained during a project which shows how project events were addressed or should be addressed in the future for the purpose of improving future performance






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






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






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






46. 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.






47. 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.






48. 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.






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






50. 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.






Can you answer 50 questions in 15 minutes?



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