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






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






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






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






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






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






7. A critical path method technique for calculating the late start and late finish dates by working backward through the schedule model from the project end date.






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






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






10. 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






11. A group of potential causes of risk.






12. 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.






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






14. 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






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






16. A representation of the plan for executing the project's activities including durations - dependencies and other planning information - used to produce a project schedule along with other scheduling artifacts.






17. A person or group who provides resources and support for the project - program - or portfolio - and is accountable for enabling success.






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






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






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






21. 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.






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






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






24. 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.






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






26. A document in which the results of risk analysis and risk response planning are recorded.






27. 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.






28. A component of the project or program management plan that describes how the roles and responsibilities - reporting relationships - and staff management will be addressed and structured.






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






30. 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.






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






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






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






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






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






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






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






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






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






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






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






42. 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.






43. 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.






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






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






46. An intentional activity that ensures the future performance of the project work is aligned with the project management plan.






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






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






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






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