Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

PMP Boot Camp > PMP Terminology > Flashcards

PMP Terminology Flashcards

1
Q

Bottom-up Estimating

A

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

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

Sponsor

A

A person or group who provides resources and support for the project, program, or portfolio, and is accountable for enabling success

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

Secondary Risk

A

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

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

Actual Cost

A

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

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

Project Scope Statement

A

The description of the project scope, major deliverables, assumptions, and constraints

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

Project Management

A

The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements

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

Product Life Cycle

A

The series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement

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

Critical Path Activity

A

Any activity on the critical path in a project schedule

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

Work Package

A

The work defined at the lowest level of the work breakdown structure for which cost and duration can be estimated

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

Change Control

A

A process whereby modifications to documents, deliverables, or baselines associated with the project are identified, documented, approved, or rejected

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

Late Finish Date

A

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

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

Defect Repair

A

An intentional activity to modify a nonconforming product or product component

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

Precedence Diagramming Method

A

A technique used for constructing a schedule model in which activities are represented by nodes and are graphically linked by one or more logical relationships to show the sequence in which the activities are to be performed

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

Change Control System

A

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

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

Critical Path Method

A

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

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

Data Date

A

A point in time when the status of the project is recorded

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

Project

A

A temporary endeavor undertaken to create a unique product, service, or result

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

Finish-to-Finish

A

A logical relationship in which a successor activity cannot finish until a predecessor activity has finished

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

Change Request

A

A formal proposal to modify any document, deliverable, or baseline

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

Optimistic Duration

A

An estimate of the shortest activity duration that takes into account all of the known variables that could affect performance

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

Scope Baseline

A

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

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

Early Start Date

A

In the critical path method, the earliest 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

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

Free Float

A

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

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

S-Curve Analysis

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

Earned Value Management

A

A methodology that combines scope, schedule, and resource measurements to assess project performance and progress

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

Schedule Variance

A

A measure of schedule performance expressed as the difference between the earned value and planned value

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

To-Complete Performance Index

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
28
Q

Workaround

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
29
Q

Forward Pass

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
30
Q

Risk Avoidance

A

A risk response strategy whereby the project team acts to eliminate the threat or protect the project from its impact

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
31
Q

Resource Leveling

A

A technique in which start and finish dates are adjusted based on resource constraints with the goal of balancing demand for resources with the available supply

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
32
Q

Trigger Condition

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
33
Q

Predecessor Activity

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
34
Q

Critical Path

A

The sequence of activities that represent the longest path through a project, which determines the shortest possible duration

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
35
Q

Critical Chain Method

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
36
Q

Schedule Compression

A

A technique used to shorten the schedule duration without reducing the project scope

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
37
Q

Crashing

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
38
Q

What-If Scenario Analysis

A

The process of evaluating scenarios in order to predict their effect on project objectives

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
39
Q

Stakeholder

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
40
Q

Estimate to Complete

A

The expected cost to finish all the remaining project work

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
41
Q

Finish-to-Start

A

A logical relationship in which a successor activity cannot start until a predecessor activity has finished

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
42
Q

Planned Value

A

The authorized budget assigned to schedule work

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
43
Q

Fast Tracking

A

A schedule compression technique in which activities or phases normally done in sequence are performed in parallel for at least a portion of their duration

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
44
Q

Start-to-Start

A

A logical relationship in which a successor activity cannot start until a predecessor activity has started

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
45
Q

Risk Acceptance

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
46
Q

Parametric Estimating

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
47
Q

Schedule Performance Index

A

A measure of schedule efficiency expressed as the ratio of earned value to planned value

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
48
Q

Pessimistic Duration

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
49
Q

Project Charter

A

A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
50
Q

Opportunity

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
51
Q

Work Breakdown Structure

A

A hierarchical decomposition of the total scope of work to be carried out by the project team accomplish the project objectives and create the required deliverables

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
52
Q

Scope Management Plan

A

A component of the project or program management plan that describes how the scope will be defined, developed, monitored, controlled, and verified

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
53
Q

Risk Category

A

A group of potential causes of risk

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
54
Q

Successor Activity

A

A dependent activity that logically comes after another activity in a schedule

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
55
Q

Cost Management Plan

A

A component of a project or program management plan that describes how costs will be planned, structured, and controlled

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
56
Q

Lessons Learned

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
57
Q

Deliverable

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
58
Q

Project Management Office

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
59
Q

Organizational Process Assets

A

Plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
60
Q

Variance Analysis

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
61
Q

Risk Management Plan

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
62
Q

Project Life Cycle

A

The series of phases that project passes through from its initiation to its closure

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
63
Q

Sponsor

A

A person or group who provides resources and support for the project, program, or portfolio, and is accountable for enabling success

64
Q

Enterprise Environmental Factors

A

Conditions, not under the immediate control of the team, that influence, constrain, or direct the project, program, or portfolio

65
Q

Control Account

A

A management control point where scope, budget, actual cost, and schedule are integrated and compared to earned value for performance measurement

66
Q

Scope Creep

A

The uncontrolled expansion to product or project scope without adjustments to time, cost, and resources

67
Q

Schedule Baseline

A

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

68
Q

Risk Breakdown Structure

A

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

69
Q

Most Likely Duration

A

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

70
Q

Code of Accounts

A

A numbering system used to uniquely identify each component of the work breakdown structure (WBS)

71
Q

WBS Dictionary

A

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

72
Q

Project Management Plan

A

The document that describes how the project will be executed, monitored, and controlled

73
Q

Organizational Project Management Maturity

A

The level of an organization’s ability to deliver the desired strategic outcomes in a predictable, controllable, and reliable manner

74
Q

Program

A

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

75
Q

Total Float

A

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

76
Q

Human Resource Plan

A

A component of the project or program management plan that describes how the roles and responsibilities, reporting relationships, and staff management will be addressed and structured

77
Q

Decision Tree Analysis

A

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

78
Q

Lead

A

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

79
Q

Early Finish Date

A

In the critical path method, the earliest point in time when the uncompleted portions of a schedule activity can finish based on the schedule network logic, the data date, and any schedule constraints

80
Q

Discrete Effort

A

An activity that can be planned and measured and that yields a specific output. (Note: Discrete effort is on of three earned value management [EVM] types of activities used to measure work performance)

81
Q

Project Calendar

A

A calendar that identifies working days and shifts that are available for scheduled activities

82
Q

Backward Pass

A

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

83
Q

Project Phase

A

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

84
Q

Risk Transference

A

A risk response strategy whereby the project team shifts the impact of a threat to a third party, together with ownership of the response

85
Q

Acceptance Criteria

A

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

86
Q

Cost Performance Index

A

A measure of the cost efficiency of a budgeted resources expressed as the ratio of earned value to actual cost

87
Q

Assumption

A

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

88
Q

Path Divergence

A

A relationship in which a schedule activity has more than one successor

89
Q

Program Management Office

A

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

90
Q

Milestone

A

A significant point or event in a project, program, or portfolio

91
Q

Schedule Model

A

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

92
Q

Risk Register

A

A document in which the results of risk analysis and risk response planning are recordded

93
Q

Estimate at Completion

A

The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete

94
Q

Project Scope

A

The work performed to deliver a product, service, or result with the specific features and functions

95
Q

Analogous Estimating

A

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

96
Q

Resource Calendar

A

A calendar that identifies the working days and shifts upon which each specific resource is available

97
Q

Requirements Management Plan

A

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

98
Q

Project Schedule

A

An output of a schedule model that presents linked activities with planned dates, durations, milestones, and resources

99
Q

Performing Organization

A

An enterprise whose personnel are the most directly involved in doing the work of the project or program

100
Q

Staffing Management Plan

A

A component of the human resource plan that describes when and how team members will be acquired and how long they will be needed

101
Q

Risk

A

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

102
Q

Preventive Action

A

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

103
Q

Budget at Completion

A

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

104
Q

Cost Variance

A

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

105
Q

Apportioned Effort

A

An activity where effort is allotted proportionately across certain discrete efforts and not divisible into discrete efforts. (Note: Apportioned effort is one of three earned value management [EVM] types of activities used to measure work performance)

106
Q

Communication Management Plan

A

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

107
Q

Procurement Management Plan

A

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

108
Q

Probability and Impact Matrix

A

A grid for mapping the probability of each risk occurrence and its impact on project objectives if that risk occurs

109
Q

Constraint

A

A limiting factor that affects the execution of a project, program, portfolio, or process

110
Q

Requirements Traceability Matrix

A

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

111
Q

Effort

A

The number of labor units required to complete a schedule activity or work breakdown structure component, often expressed in hours, days, or weeks

112
Q

Schedule Model Analysis

A

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

113
Q

Quality Management Plan

A

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

114
Q

Variance at Completion

A

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

115
Q

Secondary Risk

A

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

116
Q

Responsibility Assignment Matrix

A

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

117
Q

Portfolio Balancing

A

The process of optimizing the mix of portfolio components to further the strategic objectives of the organization

118
Q

Threat

A

A risk that would have a negative effect on one or more project objectives

119
Q

Portfolio

A

Projects, programs, subportfolios, and operations managed as a group to achieve strategic objectives

120
Q

Progressive Elaboration

A

The iterative process of increasing the level of detail in a project management plan as greater amounts of information and more accurate estimates become available

121
Q

Gantt Chart

A

A bar chart of schedule information where activities are listed on the vertical axis, dates are shown o the horizontal axis, and activity durations are shown as horizontal bars placed according to start and finish dates

122
Q

Change Control Board

A

A formally chartered group responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project and for recording and communicating such decisions

123
Q

Project Schedule Network Diagram

A

A graphical representation of the logical relationships among the project schedule activities

124
Q

Corrective Action

A

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

125
Q

Logical Relationship

A

A dependency between two activities or between an activity and a milestone

126
Q

Risk Mitigation

A

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

127
Q

Project Manager

A

The person assigned by the performing organization to lead the team that is responsible for achieving the project objectives

128
Q

Phase Gate

A

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

129
Q

Level of Effort

A

An activity that does not produce definitive end product 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)

130
Q

Three-Point Estimate

A

A technique used to estimate cost or duration by applying an average optimistic, pessimistic, and most likely estimates when there is uncertainty with the individual activity estimates

131
Q

Earned Value

A

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

132
Q

Portfolio Management

A

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

133
Q

Percent Complete

A

An estimate expressed as a percent of the amount of work that has been completed on an activity or a work breakdown structure component

134
Q

Path Convergence

A

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

135
Q

Baseline

A

The approved version of work product that can be changed only through formal change control procedures and is used as a basis for comparison

136
Q

Resource Breakdown Structure

A

A hierarchical representation of resources by category and type

137
Q

Schedule Management Plan

A

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

138
Q

Program Management

A

The application of knowledge, skills, tools, and techniques to a program to meet the program requirements and to obtain benefits and control not available by managing projects individually

139
Q

Summary Activity

A

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

140
Q

Organizational Breakdown Structure

A

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

141
Q

Activity

A

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

142
Q

Rolling Wave Planning

A

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

143
Q

Decomposition

A

A technique used for dividing and subdividing the project scope and project deliverables into smaller, more manageable parts

144
Q

Requirement

A

A condition or capability that is required to be present in a product, service, or result to satisfy a contract or other formally imposed specification

145
Q

Lag

A

The amount of time whereby a successor activity is required to be delayed with respect to a predecessor activity

146
Q

Actual Cost

A

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

147
Q

Project Scope Statement

A

The description of the project scope, major deliverables, assumptions, and constraints

148
Q

Project Management

A

The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements

149
Q

Product Life Cycle

A

The series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement

150
Q

Critical Path Activity

A

Any activity on the critical path in a project schedule

151
Q

Work Package

A

The work defined at the lowest level of the work breakdown structure for which cost and duration can be estimated

152
Q

Change Control

A

A process whereby modifications to documents, deliverables, or baselines associated with the project are identified, documented, approved, or rejected

153
Q

Late Finish Date

A

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

154
Q

Defect Repair

A

An intentional activity to modify a nonconforming product or product component

155
Q

Precedence Diagramming Method

A

A technique used for constructing a schedule model in which activities are represented by nodes and are graphically linked by one or more logical relationships to show the sequence in which the activities are to be performed

156
Q

Change Control System

A

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

PMP Boot Camp (1 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions