WGU – C170 EXAM 2
QUESTIONS AND VERIFED
CORRECT ANSWER GRADED
A+ LATEST 2026-2027 100%
GUARANTEED PASS
deliverable - CORRECT ANSWER-is a specific product or functionality that the project will
provide.
Activities are connected to two types of deliverables: - CORRECT ANSWER-Project management
- communications, planning, execution, etc.
Project specific to the desired end result of this project
8/80 rule - CORRECT ANSWER-do not assign anything that takes less than eight hours so we
allow resources sufficient work to occupy them and we don't micromanage
Project management deliverables - CORRECT ANSWER-the concrete items we need to manage
this project. They are usually generic to a business or methodology adopted by a PM for use to
manage the team and create sound communications.
Project specific deliverables - CORRECT ANSWER-project specific deliverables are required tasks
,Risk Appetite - CORRECT ANSWER-is the degree of uncertainty an entity is willing to take on in
anticipation of a reward.
Risk Tolerance - CORRECT ANSWER-is the degree, amount, or volume of risk that an
organization or individual will withstand.
Risk Threshold - CORRECT ANSWER-refers to measurements along the level of uncertainty or
the level of impact at which a stakeholder may have a specific interest. Below that risk
threshold, the organization will accept the risk. Above that risk threshold, the organization will
not tolerate the risk (PMBOK, 2015).
Risk Planning - CORRECT ANSWER-is the process of reviewing every aspect of the project to
identify what risks may occur.
Risk Breakdown Structure (RBS) - CORRECT ANSWER-which follows the WBS and insures that
each activity and task in the WBS is reviewed for risk and opportunity and documented as
identified.
Risk Management Options - CORRECT ANSWER-Avoid, mitigate, transfer and accept.
Risk Avoidance - CORRECT ANSWER-During our planning, the team identifies the risk and sets a
path to avoid the risk.
Transfer of the risk - CORRECT ANSWER-transfer risk to someone else
Mitigation - CORRECT ANSWER-is when the team acts in some fashion to reduce the impact or
likelihood of the risk occurring.
,Accepting - CORRECT ANSWER-the risk is a response strategy where we recognize the risk and
say that it is a part of the project, normal business practice and the team will plan to accept it
accordingly.
Opportunity Management - CORRECT ANSWER-Acceptance, Enhancing the opportunity and
Sharing the opportunity
risk register - CORRECT ANSWER-lists all risks (external, technical, or organizational) and assigns
scores for probability and severity.
Probability Severity (P*S) score - CORRECT ANSWER-helps us prioritize the risks appropriately.
top-down estimation methods - CORRECT ANSWER-hese estimates are often provided by
someone at the organization who has knowledge or experience from prior projects similar to
the project being considered
Bottom-up estimation methods - CORRECT ANSWER-require that estimates be made at the
detailed work activity level of the WBS.
parametric estimating - CORRECT ANSWER-top-down methods are based on the relationship
between the current project and historical data
ratio method - CORRECT ANSWER-uses experience from prior projects to estimate the overall
cost of the current project.
apportion method - CORRECT ANSWER-is based on the ratio method but takes into
consideration specific functionality or types of work that will be required.
Cost management - CORRECT ANSWER-is the process of measuring how close actual costs are
to the budget and then making changes in project execution as needed.
, baseline budget - CORRECT ANSWER-is the approved budget and will be used as the standard
for comparison of actual costs throughout the life of the project and identifying variances.
Direct costs - CORRECT ANSWER-are costs that are directly attributable to completing the
project work.
Direct overhead costs - CORRECT ANSWER-are costs from the project that are shared across the
work activities.
General and administrative costs (G&A) - CORRECT ANSWER-are overhead costs from the
project organization.
padding - CORRECT ANSWER-people tend to add in extra time or money "just in case."
Contingency reserves - CORRECT ANSWER-are costs included in the budget to cover situations
that may occur. If the project requires the use of lumber, and lumber prices are known to
fluctuate, then some portion of the lumber costs may be included in a contingency reserve. In a
restaurant, food costs are very volatile and so the project must budget for those variances that
can occur
management reserve - CORRECT ANSWER-is an amount added to the overall project budget to
cover unknown risks.
Realistic - CORRECT ANSWER-Accurately reflects the way the organization does business.
Appropriate for the level of resources, capabilities, and external environment of the
organization.
Capable - CORRECT ANSWER-Uses factors that are relevant to the organization.
QUESTIONS AND VERIFED
CORRECT ANSWER GRADED
A+ LATEST 2026-2027 100%
GUARANTEED PASS
deliverable - CORRECT ANSWER-is a specific product or functionality that the project will
provide.
Activities are connected to two types of deliverables: - CORRECT ANSWER-Project management
- communications, planning, execution, etc.
Project specific to the desired end result of this project
8/80 rule - CORRECT ANSWER-do not assign anything that takes less than eight hours so we
allow resources sufficient work to occupy them and we don't micromanage
Project management deliverables - CORRECT ANSWER-the concrete items we need to manage
this project. They are usually generic to a business or methodology adopted by a PM for use to
manage the team and create sound communications.
Project specific deliverables - CORRECT ANSWER-project specific deliverables are required tasks
,Risk Appetite - CORRECT ANSWER-is the degree of uncertainty an entity is willing to take on in
anticipation of a reward.
Risk Tolerance - CORRECT ANSWER-is the degree, amount, or volume of risk that an
organization or individual will withstand.
Risk Threshold - CORRECT ANSWER-refers to measurements along the level of uncertainty or
the level of impact at which a stakeholder may have a specific interest. Below that risk
threshold, the organization will accept the risk. Above that risk threshold, the organization will
not tolerate the risk (PMBOK, 2015).
Risk Planning - CORRECT ANSWER-is the process of reviewing every aspect of the project to
identify what risks may occur.
Risk Breakdown Structure (RBS) - CORRECT ANSWER-which follows the WBS and insures that
each activity and task in the WBS is reviewed for risk and opportunity and documented as
identified.
Risk Management Options - CORRECT ANSWER-Avoid, mitigate, transfer and accept.
Risk Avoidance - CORRECT ANSWER-During our planning, the team identifies the risk and sets a
path to avoid the risk.
Transfer of the risk - CORRECT ANSWER-transfer risk to someone else
Mitigation - CORRECT ANSWER-is when the team acts in some fashion to reduce the impact or
likelihood of the risk occurring.
,Accepting - CORRECT ANSWER-the risk is a response strategy where we recognize the risk and
say that it is a part of the project, normal business practice and the team will plan to accept it
accordingly.
Opportunity Management - CORRECT ANSWER-Acceptance, Enhancing the opportunity and
Sharing the opportunity
risk register - CORRECT ANSWER-lists all risks (external, technical, or organizational) and assigns
scores for probability and severity.
Probability Severity (P*S) score - CORRECT ANSWER-helps us prioritize the risks appropriately.
top-down estimation methods - CORRECT ANSWER-hese estimates are often provided by
someone at the organization who has knowledge or experience from prior projects similar to
the project being considered
Bottom-up estimation methods - CORRECT ANSWER-require that estimates be made at the
detailed work activity level of the WBS.
parametric estimating - CORRECT ANSWER-top-down methods are based on the relationship
between the current project and historical data
ratio method - CORRECT ANSWER-uses experience from prior projects to estimate the overall
cost of the current project.
apportion method - CORRECT ANSWER-is based on the ratio method but takes into
consideration specific functionality or types of work that will be required.
Cost management - CORRECT ANSWER-is the process of measuring how close actual costs are
to the budget and then making changes in project execution as needed.
, baseline budget - CORRECT ANSWER-is the approved budget and will be used as the standard
for comparison of actual costs throughout the life of the project and identifying variances.
Direct costs - CORRECT ANSWER-are costs that are directly attributable to completing the
project work.
Direct overhead costs - CORRECT ANSWER-are costs from the project that are shared across the
work activities.
General and administrative costs (G&A) - CORRECT ANSWER-are overhead costs from the
project organization.
padding - CORRECT ANSWER-people tend to add in extra time or money "just in case."
Contingency reserves - CORRECT ANSWER-are costs included in the budget to cover situations
that may occur. If the project requires the use of lumber, and lumber prices are known to
fluctuate, then some portion of the lumber costs may be included in a contingency reserve. In a
restaurant, food costs are very volatile and so the project must budget for those variances that
can occur
management reserve - CORRECT ANSWER-is an amount added to the overall project budget to
cover unknown risks.
Realistic - CORRECT ANSWER-Accurately reflects the way the organization does business.
Appropriate for the level of resources, capabilities, and external environment of the
organization.
Capable - CORRECT ANSWER-Uses factors that are relevant to the organization.
