P -

Question 1

Parametric Estimating

Answer 1

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

Question 2

Performance Measurement Baseline (PMB)

Answer 2

Integrated scope, schedule, and cost baselines used for comparison to manage, measure, and control project execution

Question 3

Phase Gate

Answer 3

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

Question 4

Plan

Answer 4

A proposed means of accomplishing something

Question 5

Planned Value (PV)

Answer 5

The authorized budget assigned to scheduled work

Question 6

Planning Performance Domain

Answer 6

The performance domain that addresses activities and functions associated with the initial, ongoing, and evolving organization and coordination necessary for delivering project deliverables and results

Question 7

Planning Process Group

Answer 7

Those processes required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project was undertaken to achieve

Question 8

Portfolio

Answer 8

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

Question 9

Portfolio Management

Answer 9

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

Question 10

Precision

Answer 10

Within the quality management system, precision is an assessment of exactness

Question 11

Predictive Approach

Answer 11

A development approach in which the project scope, time, and cost are determined in the early phases of the life cycle

Question 12

Prioritization Matrix

Answer 12

A scatter diagram that plots effort against value so as to classify items by priority

Question 13

Prioritization Schema

Answer 13

Methods used to prioritize portfolio, program, or project components, as well as requirements, risks, features, or other product information

Question 14

Probabilistic Estimating

Answer 14

A method used to develop a range of estimates along with the associated probabilities within that range

Question 15

Probability and Impact Matrix

Answer 15

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

Question 16

Procurement Management Plan

Answer 16

A component of the project or program management plan that describes how a project team will acquire goods and services from outside of the performing organization

Question 17

Product

Answer 17

An artifact that is produced, is quantifiable, and can be either an end item in itself or a component item

Question 18

Product Breakdown Structure

Answer 18

A hierarchical structure reflecting a product’s components and deliverables

Question 19

Product Life Cycle

Answer 19

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

Question 20

Product Management

Answer 20

The integration of people, data, processes, and business systems to create, maintain, and evolve a product or service throughout its life cycle

Question 21

Product Owner

Answer 21

A person responsible for maximizing the value of the product and accountable for the end product

Question 22

Product Scope

Answer 22

The features and functions that characterize a product, service, or result

Question 23

Program

Answer 23

Related projects, subsidiary programs, and program activities that are managed in a coordinated manner to obtain benefits not available from managing them individually

Question 24

Program Management

Answer 24

The application of knowledge, skills, and principles to a program to achieve the program objectives and obtain benefits and control not available by managing program components individually

Question 25

Progressive Elaboration

Answer 25

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

Question 26

Project

Answer 26

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

Question 27

Project Brief

Answer 27

A high-level overview of the goals, deliverables, and processes for the project

Question 28

Project Calendar

Answer 28

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

Question 29

Project Charter

Answer 29

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

Question 30

Project Governance

Answer 30

The framework, functions, and processes that guide project management activities in order to create a unique product, service, or result to meet organizational, strategic, and operational goals

Question 31

Project Lead

Answer 31

A person who helps the project team to achieve the project objectives, typically by orchestrating the work of the project

Question 32

Project Life Cycle

Answer 32

The series of phases that a project passes through from its start to its completion

Question 33

Project Management

Answer 33

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

Question 34

Project Management Body of Knowledge (PMBOK)

Answer 34

A term that describes the knowledge within the profession of project management

Question 35

Project Management Office (PMO)

Answer 35

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

Question 36

Project Management Plan

Answer 36

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

Question 37

Project Management Process Group

Answer 37

A logical grouping of project management inputs, tools and techniques, and outputs. The Project Management Process Groups include Initiating processes, Planning processes, Executing processes, Monitoring and Controlling processes, and Closing processes

Question 38

Project Management Team

Answer 38

The members of the project team who are directly involved in project management activities

Question 39

Project Manager

Answer 39

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

Question 40

Project Phase

Answer 40

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

Question 41

Project Review

Answer 41

An event at the end of a phase or project to assess the status, evaluate the value delivered, and determine if the project is ready to move to the next phase or transition to operations

Question 42

Project Schedule

Answer 42

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

Question 43

Project Schedule Network Diagram

Answer 43

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

Question 44

Project Scope

Answer 44

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

Question 45

Project Scope Statement

Answer 45

The description of the project scope, major deliverables, and exclusions

Question 46

Project Team

Answer 46

A set of individuals performing the work of the project to achieve its objectives

Question 47

Project Vision Statement

Answer 47

A concise, high-level description of the project that states the purpose and inspires the team to contribute to the project

Question 48

Project Work Performance Domain

Answer 48

The performance domain that addresses activities and functions associated with establishing project processes, managing physical resources, and fostering a learning environment

Question 49

Prototype

Answer 49

A working model used to obtain early feedback on the expected product before actually building it