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






2. The approved version of a schedule model that can be changed only through formal change control procedures and is used as a basis for comparison to actual results.






3. 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.






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






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






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






7. 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






8. A component of a project or program management plan that describes how costs will be planned - structured - and controlled.






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






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






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






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






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






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






15. 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.






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






17. 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.)






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






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






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






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. 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.






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






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






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






27. 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.






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






29. 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






30. A grid that links product requirements from their origin to the deliverables that satisfy them.






31. 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.






32. 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.






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






34. A group of potential causes of risk.






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






36. 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.






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






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






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






40. 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.






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






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






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






44. 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.






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






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






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






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






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