1.01 Vocabulary

Question 1

Define a new project or a new phase of a new existing project

Answer 1

Initiating

Question 2

Establish the total scope and order of the project

Answer 2

Planning

Question 3

Carry out and complete the work as defined in the project management plan

Answer 3

Executing

Question 4

Track, review, and regulate the execution of the project

Answer 4

Monitoring

Question 5

Comparing actual performance with planned performance, analyzing variances, assessing trends to effect process improvements, evaluating possible alternatives, and recommending appropriate corrective action as needed

Answer 5

Controlling

Question 6

Finalize the project - to bring it to a conclusion and to meet contractual obligations

Answer 6

Closing

Question 7

Defines the boundaries of the project and what is outside those boundaries

Answer 7

Scope

Question 8

Ability of a process or product to satisfy both stated and implied needs, with those needs being defined by the stakeholders

Answer 8

Quality

Question 9

A model used in conjunction with manual methods or project management software to perform schedule network analysis to generate the project schedule for use in managing the execution of a project

Answer 9

Schedule

Question 10

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

Answer 10

Budget

Question 11

Knowledge, skills, values, and attitudes of those working on the project

Answer 11

Resources

Question 12

Threat of a damage, liability, loss, or other negative occurrence that is caused by external or internal vulnerabilities, and that may be minimized or neutralized through preemptive action

Answer 12

Risk

Question 13

Internal and external environmental factors that surround or influence a project’s success

Answer 13

Enterprise Environmental Factors