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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 group of related projects - subprograms and program activities that are managed in a coordinated way to obtain benefits not available from managing them individually.






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






3. 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.






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






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






6. The amount of time that a schedule activity can be delayed without delaying the early start date of any successor or violating a schedule constraint.






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






8. A group of potential causes of risk.






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






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






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






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






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






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






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






16. The amount of time that a schedule activity can be delayed or extended from its early start date without delaying the project finish date or violating a schedule constraint.






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






18. 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.






19. 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.






20. 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






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






22. A review at the end of a phase in which a decision is made to continue to the next phase - to continue with modification - or to end a project or program.






23. 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.






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






25. A diagramming and calculation technique for evaluating the implications of a chain of multiple options in the presence of uncertainty.






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






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






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






30. 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.






31. 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.






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






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






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






35. 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.






36. 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.






37. 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.






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






39. 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.)






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






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






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






43. 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.






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






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






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






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






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






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






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