Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

Google PMP > Course 3 Google PMP_Vocab > Flashcards

Course 3 Google PMP_Vocab Flashcards

1
Q

Backward pass

A

Refers to starting with a final task or milestone and moving backwards through the schedule to determine the shortest path

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Baseline

A

The dollar amount used to measure against to find out whether a project is on track or not and to measure the success of the project

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Baseline a budget

A

The act of creating a fixed reference point of spending to measure and compare a project’s progress against

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Bottom-up approach

A

Thinking about all the parts of a project from the beginning to the end–including making a list of anything that comes with an associated cost–and adding all of it together

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Budget

A

The estimated monetary resources needed to achieve the project’s goals and objectives

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Budget pre-allocation

A

A situation where a budget is set before the project begins

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Budget risk

A

The possibility that the costs of a project will increase due to poor planning or expanding the project’s scope

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Buffer

A

Extra time added to the end of a task or project to account for unexpected slowdowns or delays in work progress

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Capacity

A

The amount of work that the people or resources assigned to the project can reasonably complete in a set period of time

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Capacity planning

A

Refers to the act of allocating people and resources to project tasks and determining whether the necessary resources required to complete the work on time have been acquired

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

CAPEX

A

Capital expenses; refers to expenses which businesses incur to create a benefit in the future

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Cash flow

A

The inflow and outflow of cash on a project

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Cause-and-effect diagram

A

A visual that shows the possible causes of an event or risk; also known as a fishbone diagram

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Communication

A

The flow of information; includes everything that’s shared, how it’s shared, and with whom

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Communication plan

A

A document that organizes the process, types, and expectations of communications for a project

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Contingency budget

A

Money that is included to cover potentially unforeseen events that aren’t accounted for in a cost estimate

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Contingency reserves

A

Money added to the estimated project cost to manage identified risks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Cost of quality

A

Costs that are incurred to prevent issues with products, processes, or tasks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Cost performance index (CPI)

A

The ratio of the percentage complete to the actual costs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Cost variance (CV)

A

The difference between the amount of budget expected to be spent on versus what is actually spent for work completed at a point in time

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Critical path

A

The list of project milestones that must be reached in order to meet the project goal on schedule, as well as the mandatory tasks that contribute to the completion of each milestone

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Decision tree

A

A flowchart that helps visualize the wider impact of a decision on the rest of a project

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Dependency

A

A relationship between two project tasks, where the start or completion of one depends on the start or completion of the other

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

Dependency graph

A

A visual representing the dependencies in the flow of work during a project

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Direct costs
Costs that occur directly in a project
26
Earliest start date
In the critical path method, the earliest possible date on which a task (or the project itself) can begin
27
Earned value management (EVM)
A technique where a project’s performance or actuals for budget and schedule are regularly monitored against the planned budget and schedule
28
Effort estimation
A prediction of the amount and difficulty of active work required to complete a task
29
Empathy
A person’s ability to relate to the thoughts and feelings of others
30
Ethical trap
An issue that may cause a person to make unethical choices
31
Finish-to-finish (FF)
In this type of dependency relationship, the first task must be completed before the second task can be completed
32
Finish-to-start (FS)
In this type of dependency relationship, the first task must be completed before the second task can start
33
Fishbone diagram
A visual that shows the possible causes of an event or risk; also known as a cause-and-effect diagram
34
Fixed contract
A contract that is paid for when certain milestones are reached
35
Fixed costs
Costs that won’t change over the course of a project
36
Fixed start date
The date on which work on a task must start in order to achieve a goal
37
Float
The amount of time that can be waited to begin a task before it impacts the project schedule and threatens the project outcome
38
Forecast
A cost estimate or prediction over a period of time
39
Forward pass
Refers to starting at the beginning of a project task list and moving forward towards the end of the project
40
Gantt chart
A horizontal bar chart that visually maps out a project schedule and tasks, with clear breakdowns of who’s responsible for the work and when those tasks are due
41
High-level risk
A risk that is serious and can affect the overall success of a project; requires direct communication with stakeholders to go over plans to mitigate and address
42
Impact
The damage a risk could cause, if it occurs; determined on a scale of high, medium, or low
43
Indirect costs
Costs that can’t be linked directly to a project
44
Inherent risk
The measure of a risk, calculated by its probability and impact
45
Issue
A known and real problem that can affect the ability to complete a task
46
Kanban board
A visual tool used to manage tasks and workflows
47
Kickback
A corruption scheme where a certain percentage of an awarded contract is offered to an official who can ensure that their company wins the bid
48
Knowledge management
A way of ensuring that project data can be accessed in the future by others who need it for informing decisions or planning similar projects
49
Latest start date
In the critical path method, the latest possible date on which a task (or the project itself) can begin
50
Leverage experts
Refers to gathering experts' insights to do something more effectively
51
Low-level risk
A risk that may not greatly impact the project and may have a low probability of occurring, so a project manager may or may not communicate it to stakeholders
52
Management reserves
A percentage of the budget set aside for unknown risks
53
Medium-level risk
A risk that requires direct communication with stakeholders and should be treated as urgent, as it will most likely impact the project
54
Milestone
An important point within the project schedule that indicates progress and usually signifies the completion of a deliverable or phase of the project
55
Need-to-know basis
Telling someone facts they need to know at the time they need to know them, and nothing more
56
Network diagram
A visual that sequences project tasks in order of dependencies
57
Non-disclosure agreement (NDA)
Document that keeps confidential information within the organization
58
Open-ended question
A question that cannot be answered with a yes or no
59
OPEX (operating expenses)
Refers to expenses which are required for day-to-day tasks within the company
60
Optimism bias
When a person believes that they are unlikely to experience a negative event
61
Parallel tasks
Tasks that can happen at the same time as other tasks
62
Personally identifiable information (PII)
Information that could be used on its own to directly identify, contact, or precisely locate an individual; includes email addresses, mailing addresses, phone numbers, precise locations, full names, and usernames
63
Planning fallacy
Describes people's tendency to underestimate the amount of time it will take to complete a task, as well as the costs and risks associated with that task
64
Planning phase
The second phase of the project life cycle; includes the schedule, the budget, and the risk management plan
65
Probability and impact matrix
A tool used to prioritize project risks
66
Probability
The likelihood that a risk will occur
67
Procurement
Obtaining all of the materials, services, and supplies required to complete the project
68
Project budget
The estimated monetary resources needed to achieve the project's goals and objectives
69
Project buffer
Extra time tacked onto the end of a project
70
Project kick-off meeting
The first meeting in which a project team comes together to ground everyone in a shared vision, gain a shared understanding of the project’s goals and scope, and understand each person’s individual roles within the team
71
Project management baseline (PMB)
A clearly-defined fixed starting point for your project that includes the scope, budget, and schedule
72
Project plan
A document that records the scope, tasks, milestones, and overall activities of a project; generally contains these five basic elements
73
Project task
An activity that needs to be accomplished within a set period of time
74
Reforecast
Creating a separate revised budget based on how a project is tracking
75
Request for proposal (RFP)
Document that outlines the details of a project
76
Reserve analysis
A method to check for remaining project resources
77
Resource cost rate
The cost of a resource
78
Risk
A potential event which can occur and impact a project
79
Risk appetite
The willingness of an organization to accept the possible outcomes of a risk
80
Risk assessment
The stage of risk management where qualities of a risk are estimated or measured
81
Risk management
The process of identifying and evaluating potential risks and issues that could impact a project
82
Risk management plan
A living document that contains information regarding the identified risks, estimates of their probability and impact, and the mitigation plans for those risks
83
Risk register
A table or chart that contains a list of risks
84
Root cause
The initial cause of a situation that introduces a risk
85
Schedule
The project timeline, which includes the start date, the end date, and dates for events in between
86
Schedule performance index (SPI)
The ratio of the percentage of work complete to the planned budget for the planned work
87
Schedule variance (SV)
The difference between the amount of work expected to have been completed and the amount actually completed at a given point in time
88
Scope risk
The possibility that a project won’t produce the results outlined in the project goals
89
Sequential tasks
Tasks that must be completed in a specific order
90
Single point of failure
A risk that has the potential to be catastrophic and halt work across a project
91
Slack
The amount of time that a task can be delayed past its earliest start date without delaying the project
92
Soft skills
Personal characteristics that help people work effectively with others
93
Sole-supplier sourcing
When a company restricts the bidding process to one supplier, preventing competition
94
Start-to-finish (SF)
In this type of dependency relationship, the first task must begin before the second task can be completed
95
Start-to-start (SS)
In this type of dependency relationship, the second task can't begin until the first task begins
96
Statement of work (SoW)
A document that clearly lays out the products and services a vendor or contractor will provide for the organization
97
Subtasks
Smaller tasks that are required to complete a larger task
98
Subject matter expert (SME)
A team member with a deep understanding of a particular job, process, department, function, technology, machine, material, or type of equipment
99
Summary task
A header at the top of a project plan that describes a collection of subtasks
100
Task buffer
Extra time tacked on to a specific task
101
Time and materials contract
Contract paid monthly based on the hours worked and other fees associated with the work, like travel and meals
102
Time estimation
A prediction of the total amount of time required to complete a task
103
Time risk
The possibility that project tasks will take longer than anticipated to complete
104
Time-phase a budget
The act of spreading budget items out over the duration of a project
105
Total cost of ownership (TCO)
The total cost of a project, from the initiation phase through completion
106
Vendors
Individuals or businesses who provide goods and services to the project
107
Work breakdown structure (WBS)
A tool that sorts the milestones and tasks of a project in a hierarchy, in the order they need to be completed

Google PMP (7 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions