PMBOK 7th Edition Vocabulary

Contingency Correct Answer-An event or occurrence that could affect the execution of the project, which may be accounted for with a reserve. Contingency Reserve Correct Answer-Time or money allocated in the schedule or cost baseline for known risks with active response strategies. Constraint Correct Answer-A limiting factor that affects the execution of a project, program, portfolio, or process. Conformance Correct Answer-The degree to which the results meet the set quality requirements. Confirmation Bias Correct Answer-A type of cognitive bias that confirms preexisting beliefs or hypotheses. Complexity Correct Answer-A characteristic of a program or project or its environment that is difficult to manage due the human behavior, system behavior, and ambiguity. Communications Management Plan Correct Answer-A component of the project, program, or portfolio management plan that describes how, when, and by whom information about the project will be administered and disseminated. Closing Process Group Correct Answer-The processes performed to formally complete or close a project, phase, or contract. Check Sheet Correct Answer-A tally sh