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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 method used to estimate the minimum project duration and determine the amount of scheduling flexibility on the logical network paths within the schedule model.






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






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






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






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 component of the project or program management plan that describes how requirements will be analyzed - documented and managed.






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






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






9. 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.)






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






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






12. 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.






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






14. 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.






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






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






17. 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.






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






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






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






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






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






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






24. 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.






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






26. The measure of work performed expressed in terms of the budget authorized for that work.






27. The amount of time whereby a successor activity can be advanced with respect to a predecessor activity.






28. 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.






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






30. A risk that arises as a direct result of implementing a risk response.






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






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






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






35. A document that provides detailed deliverable - activity - and scheduling information about each component in the work breakdown structure.






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






37. 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






38. A technique for determining the cause and degree of difference between the baseline and actual performance.






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






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






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






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






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






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






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






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






47. 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.






48. 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.






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






50. A schedule method that allows the project team to place buffers on any project schedule path to account for limited resources and project uncertainties.