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






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






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






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






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






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






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






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






9. A relationship in which a schedule activity has more than one successor.






10. A component of the project or program management plan that establishes the activities for developing - monitoring - and controlling the project or program.






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






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






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






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






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






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






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






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






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






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






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






22. 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.






23. An intentional activity that realigns the performance of the project work with the project management plan.






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






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






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






27. 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.)






28. 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.






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






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






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






32. 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.






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






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






35. 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.






36. 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.






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






38. A formally chartered group responsible for reviewing - evaluating - approving - delaying - or rejecting changes to the project and for recording and communicating such decisions.






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






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






41. 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.






42. A group of potential causes of risk.






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






44. A method used to estimate the minimum project duration and determine the amount of scheduling flexibility on the logical network paths within the schedule model.






45. 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.






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






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






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






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






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