Bash, the Crucial Exams Chat Bot
AI Bot
PMBOK Guide Terminology Flashcards
Project Management Professional Flashcards
| Front | Back |
| Actual Cost (AC) | The realized cost incurred for the work performed |
| Assumption Log | A document that records all project assumptions and constraints |
| Change Control | The process of reviewing, approving, and managing changes to project documents, deliverables, or baselines |
| Change Log | A comprehensive list of changes submitted during the project and their status |
| Communication Plan | A document that outlines the communication goals and strategies |
| Contract Management | The process of managing contract creation, execution, and analysis |
| Cost Baseline | The approved version of the project budget |
| Cost Estimation | The process of forecasting the financial resources needed for a project |
| Cost Management | The process of planning, estimating, budgeting, and controlling costs |
| Cost-Benefit Analysis | A process by which business decisions are analyzed as benefits vs. costs |
| Critical Path Method (CPM) | A schedule network analysis technique used to determine the amount of scheduling flexibility |
| Decision Tree Analysis | A diagramming technique used to select the best course of action in situations with uncertain outcomes |
| Deliverable | Any unique and verifiable product, result, or capability to perform a service |
| Earned Value (EV) | The measure of work performed expressed in terms of the budget authorized for that work |
| Earned Value Management (EVM) | A methodology that combines scope, schedule, and resource measurements to assess project performance and progress |
| Feasibility Study | An assessment of the practicality of a proposed plan or project |
| Fishbone Diagram | A visual identification of many potential causes of a problem |
| Float | The amount of time that a task in a project network can be delayed without causing a delay to subsequent tasks |
| Gantt Chart | A type of bar chart that illustrates a project schedule |
| Integration Management | The process of ensuring that the various elements of the project are properly coordinated |
| Issue Log | A project document where all issues are recorded and tracked |
| Key Performance Indicators (KPIs) | Quantifiable measures used to evaluate the success of an organization or project |
| Kickoff Meeting | The first meeting with the project team and the client |
| Lessons Learned | Knowledge gained during a project which shows how project events were addressed |
| Milestone | A significant point or event in the project schedule |
| Monte Carlo Simulation | A process that generates hundreds or thousands of probable performance outcomes |
| PERT Chart | A project management tool used to schedule, organize, and coordinate tasks |
| Planned Value (PV) | The authorized budget assigned to scheduled work |
| Portfolio | A collection of projects or programs grouped together to facilitate effective management |
| Product Scope | The features and functions that characterize a product |
| Program | A group of related projects managed in a coordinated way |
| Project | A temporary endeavor undertaken to create a unique product, service, or result |
| Project Charter | A document issued by the project initiator or sponsor that formally authorizes the existence of a project |
| Project Dashboard | A visual representation of the project’s progress and performance |
| Project Governance | The framework within which project decisions are made |
| Project Lifecycle | The series of phases that a project goes through from initiation to closure |
| Project Management Plan | The document that describes how the project will be executed, monitored, and controlled |
| Project Manager | The person assigned by the performing organization to achieve the project objectives |
| Project Milestones | Significant points or events in the project schedule |
| Project Phases | Divisions within a project where extra control is needed to manage the completion of a major deliverable |
| Project Scope Statement | The description of the project scope, major deliverables, assumptions, and constraints |
| Project Sponsor | A person or group who provides resources and support for the project |
| Project Team | The group of individuals performing the work of the project |
| Quality Management | The process of ensuring that the project will satisfy the relevant quality standards |
| RACI Matrix | A matrix that shows the Responsibility, Accountability, Consultation, and Informed statuses for tasks |
| Resource Breakdown Structure (RBS) | A hierarchical representation of resources by category and type |
| Responsibility Assignment Matrix (RAM) | A grid that shows the project resources assigned to each work package |
| Risk Acceptance | A risk response strategy that involves acknowledging the risk and not taking any action unless it occurs |
| Risk Avoidance | Changing the project plan to eliminate the risk |
| Risk Management | The process of identifying, analyzing, and responding to project risks |
| Risk Mitigation | Reducing the impact of a risk event by reducing the probability of its occurrence |
| Risk Register | A document in which the results of risk analysis and risk response planning are recorded |
| Risk Transfer | Shifting the impact of a risk to a third party |
| Schedule Baseline | The approved version of the project schedule |
| Scope Baseline | The approved version of a scope statement, WBS, and WBS dictionary |
| Scope Creep | The uncontrolled expansion to product or project scope without adjustments to time, cost, and resources |
| Scope Management | The process of defining and controlling what is included in the project |
| Scope Verification | The process of formalizing acceptance of the completed project deliverables |
| Stakeholder | An individual, group, or organization that may affect, be affected by, or perceive itself to be affected by a project |
| Stakeholder Register | A project document including the identification, assessment, and classification of project stakeholders |
| SWOT Analysis | A technique to identify Strengths, Weaknesses, Opportunities, and Threats |
| Time Management | The process of planning and controlling the schedule of the project |
| Triple Constraint | The balance of the project's scope, schedule, and cost |
| Variance Analysis | The comparison of planned project results with actual project results |
| Work Breakdown Structure (WBS) | A hierarchical decomposition of the total scope of work to accomplish the project objectives |
Flashcard deck covering essential terms and concepts from the PMBOK Guide. Learn definitions and processes like risk management, cost baseline, project lifecycle, scope management, and earned value management. Ideal for project managers and PMP certification candidates looking to master key terminology and enhance project execution skills.