Definitions

Question 1

Acceptance Criteria

Answer 1

A set of conditions that is required to be met before deliverables are accepted.

Question 2

Accepted Deliverables

Answer 2

Products, results, or capabilities produced by a project and validated by the project customer or sponsors as meeting their specified acceptance criteria.

Question 3

Accuracy

Answer 3

Within the quality management system, accuracy is an assessment of correctness.

Question 4

Acquire Resources

Answer 4

The process of obtaining team members, facilities, equipment, materials, supplies, and other resources necessary to complete project work.

Question 5

Acquisition

Answer 5

Obtaining human and material resources necessary to perform project activities. Acquisition implies a cost of resources, and is not necessarily financial.

Question 6

Activity

Answer 6

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

Question 7

Activity Attributes

Answer 7

Multiple attributes associated with each schedule activity that can be included within the activity list. Activity attributes include activity codes, predecessor activities, successor activities, logical relationships, leads and lags, resource requirements, imposed dates, constraints, and assumptions.

Question 8

Activity Duration

Answer 8

The time in calendar units between the start and finish of a schedule activity.

Question 9

Activity Duration Estimates

Answer 9

The quantitative Assessments of the likely number of times periods that are required to complete an activity.

Question 10

Activity List

Answer 10

A documented tabulation of schedule activities that shows the activity description, activity identifier, and a sufficiently detailed scope of work description so project team members understand what work is supposed to be performed.

Question 11

Activity On Node (AON)

Answer 11

Precedence Diagramming Method (PDM)

Question 12

Actual Cost (AC)

Answer 12

The realize cost incurred for the work performed on an activity during a specific time period.

Question 13

Actual Duration

Answer 13

The time in calendar units between the actual start date of the schedule activity and either the data date of the project schedule if the schedule activity is in progress or the actual finish date if the schedule activity is complete.

Question 14

Adaptive Life Cycle

Answer 14

A project life cycle that is iterative or incremental.

Question 15

Affinity Diagrams

Answer 15

A technique that allows large numbers of idea to be classified into groups for review and analysis.

Question 16

Agreements

Answer 16

Any document or communication that defines the initial intentions of a project. This can take form of a contract, memorandum of understanding (MOU), letters of agreement, verbal agreements, email, etc.

Question 17

Alternative Analysis

Answer 17

A technique used to evaluate identified options in order to select the options or approaches used to execute and perform the work of the project.

Question 18

Analogous Estimating

Answer 18

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

Question 19

Analytical Techniques

Answer 19

Various techniques used to evaluate, analyze, or forecast potential outcomes based on possible variations of project or environmental variables and their relationships with other variables.

Question 20

Assumption

Answer 20

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

Question 21

Assumption Log

Answer 21

A project document used to record all assumptions and constraints throughout the project life cycle.

Question 22

Attribute Sampling

Answer 22

Method of measuring quality that consists of nothing the presence (or absence) of some characteristic (attribute) in each units under the consideration.

Question 23

Authority

Answer 23

The right to apply project resources, expend funds, make decisions, or give approvals.

Question 24

Backward Pass

Answer 24

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.

Question 25

Bar Chart

Answer 25

A graphic display of schedule-related information. In the typical bar chart, schedule activities or work breakdown structure components are listed down the left side of the chart, dates are shown across the top, and activity duration are shown as date-placed horizontal bars. (Gantt Chart).

Question 26

Baseline

Answer 26

The approved version of a work product that can be changed only through format change control procedures and is used as a basis for comparison to actual results.

Question 27

Basis of Estimates

Answer 27

Supporting, documentation outlining the details used in establishing project estimates such as assumptions, constraints, level of detail, ranges, and confidence levels.

Question 28

Benchmarking

Answer 28

The comparison of actual or planned products, processes, and practices to those of comparable organizations to identify best practices, generate ideas for improvements, and provide a basis for measuring performance.

Question 29

Benefits Management Plan

Answer 29

The documented explanation defining the processes for creating, maximizing, and sustaining the benefits provided by a project or program.

Question 30

Bid Documents

Answer 30

All documents used to solicit information, quotations, or proposals from prospective sellers.

Question 31

Bidder Conference

Answer 31

The meetings with prospective sellers prior to the preparation of a bid or proposal to ensure all prospective vendors have a clear and common understanding of the procurement. Also known as contractor conferences, vendor conferences, or pre-bid conferences.

Question 32

Bottom-Up Estimating

Answer 32

A method of estimating project duration or cost by aggregating the estimates of the lower-level components of the work breakdown structure (WBS)

Question 33

Budget

Answer 33

The approved estimate for the project or any work breakdown structure component or any schedule activity.

Question 34

Budget at Completion (BAC)

Answer 34

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

Question 35

Buffer

Answer 35

A provision in the project management plan