pmbok glossary of terms review read the definition provided and then select the correct definition...

PMBOK Glossary of PMBOK Glossary of Terms ReviewTerms ReviewRead the definition provided and Read the definition provided and then select the correct definition then select the correct definition termterm

The sum of all The sum of all budgetsbudgets established established for the for the workwork to be performed on a to be performed on a projectproject or a or a WBS componentWBS component or a or a schedule activityschedule activity

A. Actual CostB. Budget at CompletionC. Earned ValueD. Planned Value

A. B. Budget at Completion

A special type of project A special type of project schedule schedule compression techniquecompression technique performed performed by taking action to decrease the by taking action to decrease the total total project schedule durationproject schedule duration after analyzing a number of after analyzing a number of alternatives to determine how to alternatives to determine how to gain most time for less costgain most time for less cost

A. InspectionB. Fast TrackingC. Expected Monetary Value

AnalysisD. Crashing

A. B. C. D. Crashing

An analytical technique uses to An analytical technique uses to determine the basic underlying reason determine the basic underlying reason that causes a that causes a variancevariance or a or a defectdefect or a or a risk risk

A. Trend AnalysisB. Sensitivity AnalysisC. Schedule Network AnalysisD. Root Cause Analysis

A. B. C. D. Root Cause Analysis

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

A. Activity CodeB. Chart of AccountsC. Code of AccountsD. Control Account

A. B. C. D. Control Account

Any numbering Any numbering systemsystem used to used to uniquely identify each uniquely identify each componentcomponent of the of the work breakdown structurework breakdown structure

A. Chart of AccountsB. Code of AccountsC. Control AccountD. Work Package

A. B. Code of Accounts

A histogram, ordered by frequency of A histogram, ordered by frequency of occurrence, that show how many occurrence, that show how many resultsresults were generated by each were generated by each identified causeidentified cause

A. Failure Mode and Effect Analysis

B. Influence DiagramC. Monte Carlo AnalysisD. Pareto Chart

A. B. C. D. Pareto Chart

A type of A type of procurement documentprocurement document that that is equivalent to the is equivalent to the RFP, RFP, but has a but has a narrower or more specific meaning narrower or more specific meaning

A. Request for ProposalB. Request for QuotationC. Request for InformationD. Invitation for Bid

A. B. C. Request for Information

The The processprocess of deciding how to of deciding how to approach, plan, and execute approach, plan, and execute riskrisk management management activitiesactivities for a for a project project

A. Risk IdentificationB. Risk Management PlanningC. Risk Monitoring and ControlD. Risk Response Planning

A. B. Risk Management

Planning

Examining or measuring to Examining or measuring to verify whether an verify whether an activity, activity, component, result or service component, result or service conforms to specified conforms to specified requirementsrequirements


AnalysisD. Crashing

A. Inspection

Effort Effort applied to project applied to project workwork that that is not readily divisible into discrete is not readily divisible into discrete efforts for that work, but which is efforts for that work, but which is related in direct proportion to related in direct proportion to measurable discrete work effortsmeasurable discrete work efforts

A. EffortB. DurationC. Discrete EffortD. Apportioned Effort

A. B. C. D. Apportioned Effort

Schedule Performance IndexSchedule Performance Index is is calculated by the following calculated by the following

A. EV divided by ACB. BCWP divided by BCWSC. EV divided by BCWPD. EV - AC

A. B. BCWP divided by BCWS

A A quantitativequantitative risk analysisrisk analysis and and modeling modeling techniquetechnique used to help used to help determine which determine which risksrisks have the most have the most potential impact on the potential impact on the projectproject


A. B. Sensitivity Analysis

A A Risk Response Planning TechniqueRisk Response Planning Technique associated with associated with threatsthreats that seeks to that seeks to reduce the probability of occurrence reduce the probability of occurrence or impact of a or impact of a riskrisk to below an to below an acceptable thresholdacceptable threshold

A. Residual RiskB. Risk MitigationC. Risk TransferenceD. Secondary Risk

A. B. Risk Mitigation

A type of A type of procurement documentprocurement document used used to request price quotations from to request price quotations from prospective prospective sellerssellers of common or of common or standardstandard products products or or servicesservices


A. B. Request for Quotation

Any numbering Any numbering systemsystem used to used to monitor monitor project costsproject costs by category e.g. by category e.g. labor, supplies, materials, equipmentlabor, supplies, materials, equipment


A. B. Chart of Accounts

An analytical technique that uses An analytical technique that uses mathematical models to forecast mathematical models to forecast future outcomes based on historicalfuture outcomes based on historical resultsresults


A. Trend Analysis

A A Risk Response Planning TechniqueRisk Response Planning Technique that shifts the impact of a that shifts the impact of a threatthreat to a to a third party, together with the third party, together with the ownership of the response ownership of the response


A. B. C. Risk Transference

The The processprocess of determining which of determining which risksrisks might affect the might affect the projectproject and and documenting their characteristicsdocumenting their characteristics


A. Risk Identification

Schedule VarianceSchedule Variance is is calculated by the following calculated by the following

A. ACWP - BCWPB. PV - EVC. BCWP – BCWSD. EV – AC

A. B. C. BCWP – BCWS

A A techniquetechnique that computes, or iterates, the that computes, or iterates, the projectproject cost, or cost, or project scheduleproject schedule many times many times using input values selected at random from using input values selected at random from probability distributions of possibleprobability distributions of possible costs costs or or durationsdurations, to calculate a distribution of , to calculate a distribution of possible total project cost ot completion datespossible total project cost ot completion dates



A. B. C. Monte Carlo Analysis

A type of A type of procurement documentprocurement document whereby the whereby the buyer buyer requests a requests a potential potential sellerseller to provide various to provide various pieces of information related to a pieces of information related to a productproduct or or service service or or sellerseller capability capability


A. B. C. Request for Information

The modification of a The modification of a logical logical relationshiprelationship that allows an acceleration that allows an acceleration in the in the successor successor activityactivity

A. LeadB. LagC. Total FloatD. Free Float

A. B. Lag

One or more numerical text values One or more numerical text values that identify characteristics of the that identify characteristics of the work or in some way categorize the work or in some way categorize the schedule activityschedule activity that allows filtering that allows filtering and ordering within reportsand ordering within reports


A. Activity Code

The amount of time that a The amount of time that a schedule schedule activityactivity can be delayed without can be delayed without delaying the early start of any delaying the early start of any immediately following schedule immediately following schedule activitiesactivities


A. B. C. D. Free Float

A graphical representation of situations A graphical representation of situations showing causal influences, time showing causal influences, time ordering of ordering of eventsevents, and other , and other relationships among variables and relationships among variables and outcomesoutcomes



A. B. Influence Diagram

The The techniquetechnique of identifying of identifying early and early and late start dateslate start dates, as well as , as well as early and early and late finish dateslate finish dates, for the uncompleted , for the uncompleted portions of project portions of project schedule activitiesschedule activities


A. B. C. Schedule Network

Analysis

The The processprocess of developing options and of developing options and actions to enhance opportunities and actions to enhance opportunities and to reduce threats to to reduce threats to project objectives project objectives


A. B. C. D. Risk Response Planning

The amount of time that a The amount of time that a schedule schedule activityactivity may be delayed from its may be delayed from its early early start datestart date without delaying the project without delaying the project finish date, finish date, or violating a scheduleor violating a schedule constraintconstraint


A. B. C. Total Float

Any numbering Any numbering systemsystem used to used to monitor monitor project costsproject costs by category by category e.g. labor, suppliers, materials, e.g. labor, suppliers, materials, and equipmentand equipment


A. Chart of Accounts

An analytical An analytical procedureprocedure in which each in which each potential failure mode in every potential failure mode in every componentcomponent of a of a productproduct is analyzed to is analyzed to determine its effect on the reliability of determine its effect on the reliability of that componentthat component




The modification of a The modification of a logical logical relationshiprelationship that directs a delay in the that directs a delay in the successor successor activityactivity


A. B. Lag

Any numbering Any numbering system system used to used to uniquely identify each uniquely identify each componentcomponent of of the the work breakdown structurework breakdown structure


A. B. C. Code of Accounts

Total costs incurred and recorded Total costs incurred and recorded in accomplishing work performed in accomplishing work performed during a given time period for a during a given time period for a schedule activityschedule activity or or work work breakdown structure componentbreakdown structure component


A. Actual Cost

Cost Performance IndexCost Performance Index is is calculated by the following calculated by the following

A. EV divided by ACB. BCWP divided by BCWSC. EV divided by BCWPD. EV - AC

A. EV divided by AC

Cost VarianceCost Variance is calculated by is calculated by the following the following

A. ACWP - BCWPB. PV - EVC. BCWP - BCWSD. EV – AC

A. B. C. D. EV – AC

The number of labor units (in The number of labor units (in hours, days or weeks) required to hours, days or weeks) required to complete a complete a schedule activityschedule activity or or work breakdown structure work breakdown structure componentcomponent


A. Effort

Work Effort Work Effort that is separate, that is separate, distinct, and related to the distinct, and related to the completion of specific completion of specific WBS WBS components and components and deliverablesdeliverables


A. B. C. Discrete Effort

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


A. B. C. D. Secondary Risk

A A risk risk that remains after risk that remains after risk responses have been implementedresponses have been implemented


A. Residual Risk

A A riskrisk response planning techniqueresponse planning technique that indicates that the that indicates that the project project teamteam has decided not to change has decided not to change the the project management plan project management plan to to deal with the deal with the riskrisk

A. Residual RiskB. Risk AcceptanceC. Risk AvoidanceD. Risk MitigationE. Secondary Risk

A. B. Risk Acceptance

A A riskrisk response planning techniqueresponse planning technique for a for a threatthreat that creates changes that creates changes to the to the project management plan project management plan that are meant to either eliminate that are meant to either eliminate the the riskrisk or to protect the or to protect the project project objectivesobjectives from its impact from its impact

A. Residual RiskB. Risk AcceptanceC. Risk AvoidanceD. Risk Mitigation

A. B. C. Risk Avoidance

The authorized The authorized budgetbudget assigned to assigned to the schedule work to be the schedule work to be accomplished for a accomplished for a schedule schedule activityactivity or or WBS componentWBS component


A. B. C. D. Planned Value

A statistical A statistical techniquetechnique that that calculates the average calculates the average outcome when the future outcome when the future includes scenarios that may or includes scenarios that may or may not happenmay not happen


AnalysisD. Crashing

A. B. C. Expected Monetary Value

Analysis

The The processprocess of tracking identified of tracking identified risksrisks, monitoring , monitoring residual risks,residual risks, identifying new risks, executing risk identifying new risks, executing risk response plans, and evaluating their response plans, and evaluating their effectiveness throughout the effectiveness throughout the project project life cycle life cycle


A. B. C. Risk Monitoring and

Control

A type of A type of procurement documentprocurement document used used to request proposals from prospective to request proposals from prospective sellerssellers of of productsproducts or or servicesservices


A. Request for Proposal

A A deliverabledeliverable or or project work project work componentcomponent at the lowest level of at the lowest level of each branch of the each branch of the work work breakdown structurebreakdown structure


A. B. C. D. Work Package

The value of the The value of the workwork performed performed expressed in terms of the expressed in terms of the approved approved budgetbudget assigned to that assigned to that work for a work for a scheduleschedule activityactivity or or WBS componentWBS component


A. B. C. Earned Value

A specific project A specific project schedule schedule compression techniquecompression technique that that changes changes network logicnetwork logic to to overlap overlap phasesphases that would that would normally be done in sequence normally be done in sequence e.g. do activities in parallel e.g. do activities in parallel


AnalysisD. Crashing

A. B. Fast Tracking

The total number of The total number of workwork periods periods (in workdays or workweeks) (in workdays or workweeks) required to complete a required to complete a schedule schedule activityactivity or or WBS componentWBS component


A. B. Duration

pmbok glossary of terms review read the definition provided and then select the correct definition...

Documents

project work

risk management activities

quantitative risk analysis

project costs

bid request

modeling technique

specific meaning request

wbs component