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






2. The series of phases that a project passes through from its initiation to its closure.






3. The amount of budget deficit or surplus at a given point in time - expressed as the difference between the earned value and the actual cost.






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






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






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






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






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






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






10. The application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.






11. An intentional activity to modify a nonconforming product or product component.






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






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






14. The description of the project scope - major deliverables - assumptions - and constraints.






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






16. 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.






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






18. 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.






19. 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.






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






21. 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.






22. 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.)






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






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






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






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






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






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






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






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






31. 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.






32. The realized cost incurred for the work performed on an activity during a specific time period.






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






34. 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.)






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






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






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






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






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






40. A response to a threat that has occurred - for which a prior response had not been planned or was not effective.






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






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






43. 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.






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






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






46. 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.






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






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






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






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