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






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






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






4. 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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






20. 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






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






22. 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.






23. 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.)






24. 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.






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






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






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






28. 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.






29. 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.






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






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






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






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






35. A component of the human resource plan that describes when and how team members will be acquired and how long they will be needed.






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






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






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






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






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






41. 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.






42. 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.






43. The work performed to deliver a product - service - or result with the specified features and functions.






44. A logical relationship in which a successor activity cannot start until a predecessor activity has finished.






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






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






47. 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.






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






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






50. A dependency between two activities - or between an activity and a milestone.







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