PMBOK Glossary Terms (7th Edition) Exam Questions with Correct Answers

Acceptance Criteria Correct Answer A set of conditions that is required to be met before deliverables are accepted. Accuracy Correct Answer Within the quality management system, accuracy is an assessment of correctness. Activity List Correct Answer A documented tabulation of schedule activities that shows the activity description, activity identifier, and a sufficiently detailed scope of work description so project team members understand what work is to be performed. Actual Cost (AC) Correct Answer The realized cost incurred for the work performed on an activity during a specific time period. Adaptive Approach Correct Answer A development approach in which the requirements are subject to a high level of uncertainty and volatility and are likely to change throughout the project. Affinity Diagram Correct Answer A diagram that shows large numbers of ideas classified into groups for review and analysis. Affinity Grouping Correct Answer The process of classifying items into similar categories or collections on the basis of their likeness. Agile Correct Answer A term used to describe a mindset of values and principles as set forth in the Agile Manifesto. Alternatives Analysis Correct Answer A method used to evaluate identified options in order to select the options or approaches to use to perform the work of the project. Ambiguity Correct Answer A state of being unclear, having difficulty in identifying the cause of events, or having multiple options from which to choose. Analogous Estimating Correct Answer A method for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. Artifact Correct Answer A template, document, output, or project deliverable. Assumption Correct Answer A factor in the planning process that is considered to be true, real, or certain, without proof or demonstration. Assumption and Constraint Analysis Correct Answer An assessment that ensures assumptions and constraints are integrated into the project plans and documents, and that there is consistency among them. Assumption Log Correct Answer A project document used to record all assumptions and constraints throughout the project. Authority Correct Answer The right to apply project resources, expend funds, make decisions, or give approvals. Backlog Correct Answer An ordered list of work to be done. Backlog Refinement Correct Answer Progressive elaboration of the content in the backlog and (re)prioritization of it to identify the work that can be accomplished in an upcoming iteration. Baseline Correct Answer The approved version of a work product, used as a basis for comparison to actual results. Basis of Estimates Correct Answer Supporting documentation outlining the details used in establishing project estimates such as assumptions, constraints, level of detail, ranges, and confidence levels. Benchmarking Correct Answer The comparison of actual or planned products, processes, and practices to those of comparable organizations to identify best practices, generate ideas for improvement, and provide a basis for measuring performance. Benefits Management Plan Correct Answer The documented explanation defining the processes for creating, maximizing, and sustaining the benefits provided by a project or program. Bid Documents Correct Answer All documents used to solicit information, quotations, or proposals from prospective sellers. Bidder Conference Correct Answer The meetings with prospective sellers prior to the preparation of a bid or proposal to ensure all prospective vendors have a clear and common understanding of the procurement. Also known as contractor conferences, vendor conferences, or pre-bid conferences. Blocker Correct Answer See impediment. Budget Correct Answer The approved estimate for the project or any work breakdown structure (WBS) component or any schedule activity. Budget at Completion (BAC) Correct Answer The sum of all budgets established for the work to be performed.