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






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






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






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






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






6. 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.






7. 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.






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






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






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






11. A group of potential causes of risk.






12. A hierarchical representation of resources by category and type.






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






14. 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.






15. 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.






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






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






18. A temporary endeavor undertaken to create a unique product - service - or result.






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. 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.






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






22. 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.






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






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






25. 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.






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






27. 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.






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






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






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






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






32. A calendar that identifies the working days and shifts upon which each specific resource is available.






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






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






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






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






38. A logical relationship in which a successor activity cannot finish until a predecessor activity has started.






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






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






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






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






43. An estimate of the most probable activity duration that takes into account all of the known variables that could affect performance.






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






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






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






47. 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.






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






49. A technique used to shorten the schedule duration without reducing the project scope.






50. A schedule compression technique in which activities or phases normally done in sequence are performed in parallel for at least a portion of their duration.