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






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






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






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






5. 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.






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






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






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






9. A logical relationship in which a successor activity cannot finish until a predecessor activity has finished.






10. 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.






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






12. 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.






13. 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.






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






15. An activity that logically comes before a dependent activity in a schedule.






16. The series of phases that represent the evolution of a product - from concept through delivery - growth - maturity - and to retirement.






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






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






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






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






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






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






23. Any unique and verifiable product - result - or capability to perform a service that is required to be produced to complete a process - phase - or project.






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






25. 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.






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






27. The application of knowledge - skills - tools - and techniques to a program to meet the program requirements and to obtain benefits and control not available by managing projects individually.






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






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






30. 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.






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






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






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






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






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






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






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






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






39. 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.






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






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






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






43. A dependent activity that logically comes after another activity in a schedule.






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






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






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






47. 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






48. In the critical path method - the latest possible point in time when the uncompleted portions of a schedule activity can start based on the schedule network logic - the project completion date - and any schedule constraints.






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






50. 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.