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PMI Project Management Vocab

Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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 response to a threat that has occurred - for which a prior response had not been planned or was not effective.






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






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






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






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






6. A relationship in which a schedule activity has more than one predecessor.






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






8. A group of related schedule activities aggregated and displayed as a single activity.






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






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






11. 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.






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






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






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






15. 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.






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






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






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






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






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






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






22. The uncontrolled expansion to product or project scope without adjustments to time - cost - and resources.






23. The approved version of a work product that can be changed only through formal change control procedures and is used as a basis for comparison.






24. The application of knowledge - skills - tools - and techniques to a program to meet the program requirements and to obtain benefits and control not available by managing projects individually.






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






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






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






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






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






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






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






32. 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.






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






34. 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.






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






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






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






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






40. A group of potential causes of risk.






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






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






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






44. 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.






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






46. 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.






47. 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.)






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






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






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







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