C722 Study Guide Questions with 100%
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Business Strategy
Activities, methods, and tactics that will be employed to meet the business's goals. Includes:
Increased market share and profitability through entry into a new market segment,
Customer retention by best customer services in the industry,
Compliance with new and revised government requirements,
reduced costs by providing best tools and systems to operational personnel.
Projects selected are directly related to the organization's...
Strategy
Triple Constraints
Scope, time, cost or scope, schedule, and budget
Deliverables
A product or service, such as a technical report, a training session, a piece of hardware, or a
segment of software code, produced or provided as part of a project.
Intermediate outcomes from work activities.
Project
, A temporary endeavor a company undertakes to create a unique product, service, or result.
Has a specified start and end date.
program
a group of related projects designed to accomplish a common goal over an extended period of
time
Portfolio
A group of related programs that support a long-term company goal or objective.
project>program>portfolio
Phases of the project life cycle
Defining (intializing), Planning, executing, and closing
Change Request
Requests to expand or reduce the project scope, modify policies, processes, plans, or
procedures, modify costs or budgets, or revise schedules.
Communication Plan
defines the how, what, when, and who regarding the flow of project information to
stakeholders and is key for managing expectations
Status Meeting
a meeting that provides current information about something that is ongoing
Change Control Board
Verified Correct Answers
Business Strategy
Activities, methods, and tactics that will be employed to meet the business's goals. Includes:
Increased market share and profitability through entry into a new market segment,
Customer retention by best customer services in the industry,
Compliance with new and revised government requirements,
reduced costs by providing best tools and systems to operational personnel.
Projects selected are directly related to the organization's...
Strategy
Triple Constraints
Scope, time, cost or scope, schedule, and budget
Deliverables
A product or service, such as a technical report, a training session, a piece of hardware, or a
segment of software code, produced or provided as part of a project.
Intermediate outcomes from work activities.
Project
, A temporary endeavor a company undertakes to create a unique product, service, or result.
Has a specified start and end date.
program
a group of related projects designed to accomplish a common goal over an extended period of
time
Portfolio
A group of related programs that support a long-term company goal or objective.
project>program>portfolio
Phases of the project life cycle
Defining (intializing), Planning, executing, and closing
Change Request
Requests to expand or reduce the project scope, modify policies, processes, plans, or
procedures, modify costs or budgets, or revise schedules.
Communication Plan
defines the how, what, when, and who regarding the flow of project information to
stakeholders and is key for managing expectations
Status Meeting
a meeting that provides current information about something that is ongoing
Change Control Board
