PMP Exam Acronyms

Question 1

ACoE (aka VDO)

Answer 1

Agile Centers of Excellence (aka Value Delivery Office)

Question 2

OPM

Answer 2

Organizational Project Management

Question 3

OKR

Answer 3

Objectives
and Key Results

Question 4

EEFs

Answer 4

Enterprise Environmental Factors

Question 5

OPAs

Answer 5

Organizational Process Assets

Question 6

PESTLE

Answer 6

Political, economic, socio-cultural, technical, legal, environmental

Question 7

TECOP

Answer 7

Technical, environmental, commercial, operational, political

Question 8

VUCA

Answer 8

Volatility, uncertainty, complexity, ambiguity

Question 9

SWOT

Answer 9

Strengths, Weaknesses, Opportunities and Threats

Question 10

PV

Answer 10

Present value

Question 11

FV

Answer 11

Future value

Question 12

NPV

Answer 12

Net present value

Question 13

IRR

Answer 13

Internal rate of return

Question 14

ROI

Answer 14

Return on investment

Question 15

ADKAR

Answer 15

• A – Awareness of the need for change
• D – Desire to support the change
• K – Knowledge of how to change
• A – Ability to demonstrate new skills and behaviors
• R – Reinforcement to make the change stick

Question 16

SEAM

Answer 16

Stakeholder engagement assessment
matrix

Question 17

MOU

Answer 17

Memorandums of understanding

Question 18

SLA

Answer 18

Service-level agreements

Question 19

SOW

Answer 19

Statements of work

Question 20

KPI

Answer 20

key performance indicators

Question 21

UAT

Answer 21

User acceptance testing

Question 22

DoD

Answer 22

definition of done

Question 23

WoW

Answer 23

Way of working

Question 24

WBS

Answer 24

Work breakdown structure

Question 25

EVM

Answer 25

earned value management

Question 26

PDM

Answer 26

precedence diagramming method

Question 27

DoR

Answer 27

Definition of Ready

Question 28

RFQ

Answer 28

Request for quotation

Question 29

(IFB

Answer 29

Invitation for

Question 30

RFI

Answer 30

Request for information

Question 31

RFP

Answer 31

Request for proposal

Question 32

EOI

Answer 32

Expression of Interest

Question 33

CPFF

Answer 33

Cost plus fixed fee

Question 34

CPIF

Answer 34

Cost plus incentive fee

Question 35

CPAF

Answer 35

Cost plus award fee

Question 36

FFP

Answer 36

Firm fixed price

Question 37

FPIF

Answer 37

Fixed price incentive fee

Question 38

FPEPA

Answer 38

Fixed price with economic price adjustments

Question 39

BAC

Answer 39

budget at completion

Question 40

RBS

Answer 40

Risk breakdown structure

Question 41

EMV

Answer 41

Expected monetary value

Question 42

CoQ

Answer 42

Cost of Quality

Question 43

PDCA

Answer 43

Plan – Do – Check – Act

Question 44

PMIS

Answer 44

Project Management Information System

Question 45

CI

Answer 45

Continuous Improvement

Question 46

CMMI

Answer 46

Crystal Methods or Capability Maturity Model Integration

Question 47

RACI

Answer 47

* Responsible: Does the work * Accountable: Approves completion * Consulted: Gives expert opinion * Informed: Kept up to date

Question 48

FDD

Answer 48

feature-driven development

Question 49

WIP

Answer 49

Work in Progress

Question 50

PV

Answer 50

Planned Value

Question 51

EV

Answer 51

Earned Value

Question 52

AC

Answer 52

Actual Cost

Question 53

CV

Answer 53

cost variance

Question 54

CPI

Answer 54

cost performance index

Question 55

EAC

Answer 55

Estimate At Completion

Question 56

ETC

Answer 56

Estimate To Complete

Question 57

JIT

Answer 57

just in time

Question 58

CCB

Answer 58

Change control board

Question 59

C&D

Answer 59

Cease and desist

Question 60

ADR

Answer 60

alternative dispute resolution