Terminology

Question 1

Earned Value Management

Answer 1

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

Question 2

Project Management

Answer 2

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

Question 3

Schedule Performance Index

Answer 3

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

Question 4

Summary Activity

Answer 4

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

Question 5

Project Management Plan

Answer 5

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

Question 6

Baseline

Answer 6

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

Question 7

Rolling Wave Planning

Answer 7

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

Question 8

Total Float

Answer 8

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

Question 9

Fast Tracking

Answer 9

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

Question 10

Pessimistic Duration

Answer 10

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

Question 11

Defect Repair

Answer 11

An intentional activity to modify a nonconforming product or product component

Question 12

What-If Scenario Analysis

Answer 12

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

Question 13

Planned Value

Answer 13

The authorized budget assigned to schedule work

Question 14

Variance at Completion

Answer 14

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

Question 15

Risk Avoidance

Answer 15

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

Question 16

Decomposition

Answer 16

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

Question 17

Change Control

Answer 17

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

Question 18

Project Schedule Network Diagram

Answer 18

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

Question 19

Workaround

Answer 19

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

Question 20

Risk Mitigation

Answer 20

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

Question 21

Program Management Office

Answer 21

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

Question 22

Variance Analysis

Answer 22

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

Question 23

WBS Dictionary

Answer 23

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

Question 24

Program

Answer 24

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

Question 25

Activity

Answer 25

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

Question 26

Risk Breakdown Structure

Answer 26

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

Question 27

Code of Accounts

Answer 27

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

Question 28

Critical Path

Answer 28

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

Question 29

Critical Chain Method

Answer 29

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

Question 30

Communication Management Plan

Answer 30

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