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






2. 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.






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






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






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






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






7. 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.






8. 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.






9. 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.






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






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






12. 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






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






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






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






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






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






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






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






22. 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






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






24. 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.)






25. 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.






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






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






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






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






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






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






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






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






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






35. 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.






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






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






38. 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.






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






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






41. 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.






42. 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.






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






44. 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.






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






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






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






48. A logical relationship in which a successor activity cannot start until a predecessor activity has started.






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






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