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






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






3. An intentional activity to modify a nonconforming product or product component.






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






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






6. A risk response strategy whereby the project team decides to acknowledge the risk and not take any action unless the risk occurs.






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






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






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






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






11. 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.






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






13. A numbering system used to uniquely identify each component of the work breakdown structure.






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






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






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






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






18. 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.






19. 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.






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






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






22. 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.






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






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






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






26. A technique for estimating the duration or cost of an activity or a project - using historical data from a similar activity or project.






27. A measure of schedule efficiency expressed as the ratio of earned value to planned value.






28. The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete.






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






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






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






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






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






34. The amount of time whereby a successor activity can be advanced with respect to a predecessor activity.






35. 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.






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






37. 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






38. 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






39. 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.






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






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






42. 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.






43. A technique used for dividing and sub-dividing the project scope and project deliverables into smaller - more manageable parts.






44. 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.






45. The approved version of a scope statement - work breakdown structure (WBS) - and its associated WBS dictionary - which can be changed only through formal change control procedures and is used as a basis for comparison.






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






48. A component of the project or program management plan that describes how requirements will be analyzed - documented and managed.






49. A critical path method technique for calculating the late start and late finish dates by working backward through the schedule model from the project end date.






50. 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.