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






2. The person assigned by the performing organization to lead the team that is responsible for achieving the project objectives.






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






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






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






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






7. 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.






8. 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






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






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






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






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






13. 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.)






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






16. 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.






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






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






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






20. 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.






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






22. 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.






23. 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.






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






25. 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.)






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






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






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






29. 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.






30. 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






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






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






33. 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.






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






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






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






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






38. A risk response strategy whereby the project team acts to reduce the probability of occurrence or impact of a risk.






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






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






41. 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.






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






43. In the critical path method - the latest possible point in time when the uncompleted portions of a schedule activity can finish based on the schedule network logic - the project completion date - and any schedule constraints.






44. 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.






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






46. 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.






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






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






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






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