Wgu C722 Project Management Updated Questions And Correct Answers

WGU C722 PROJECT MANAGEMENT UPDATED
QUESTIONS AND CORRECT ANSWERS
Question:
1. Projects
Answer:
A temporary activity that creates a unique result. Initiatives with specific goals and start and end
dates. Develop a new product or service reduces cost add technology.

Question:
2. Example of Pro-jects
Answer:
* A car company developing a new passenger car.
* A freight company adding a computer program to optimize cargo carrying
capacity.
* A construction company building a new facility for a customer.

Question:
3. Operations
Answer:
Day-to-day activities in an organization. Continuous/ongoing.

Question:
4. Examples of Op-erations
Answer:
* A car company making cars.
* An airline flying passsengers.
* A CPA firm completing taxes for clients.

Question:
5. Product
Answer:
Something created by a project.

Question:
6. Example of Prod-uct
Answer:
* A flu vaccine.
* An office building.
* The movie you just watched.
* The design of the vehicle you drive.

Question:
7. Business Sce-nario

, Answer:
An imagined or projected sequence of events that is representative of a significant business need or
problem, enables vendors to understand the value to the customer organization of a developed
solution. Business Scenarios have this information: - Past events that are relevant- Current key
information- Expected or desired outcomes

Question:
8. Business Strate-gy
Answer:
The activities, methods, tactics, etc. that will be employed to meet the business's goals. Determined
by senior management in the organization to improve the value of the company to its stakeholders.

Question:
9. Subject Matter Expert (SME)
Answer:
A person who is an authority in a particular area or project.

Question:
10. Program
Answer:
A group of related projects.

Question:
11. Portfolio
Answer:
A group of initiatives (projects and programs) that a company engages in to improve its operations.

Question:
12. Charter
Answer:
The definition of a project according to stakeholders. Defines how customer will determine if project
met expectations. Includes a beginning, work steps, and clear and defined end.

Question:
13. Business Case
Answer:
The justification for a project - Explains the business need.

Question:
14. Project Life Cycle Phases
Answer:
Defining, Planning Executing, Closing

Question:
15. Defining

, Answer:
Idea for project is generated and formalized. Decision on whether to implement is made. Ends when
project charter is approved.

Question:
16. Planning
Answer:
Where detailed planning occurs. Level of detail aligns with the complexity of the project. Use Work
Breakdown Structure to identify outcomes needed. Can require significant time for large projects.
Typically ends when baselines for scope, budget, and schedule are approved by the customer and/or
sponsor and project team.

Question:
17. Executing
Answer:
Where most of the work is done. Deliverables are completed. Progress is monitored and actions taken
as needed to stay on track. May return to planning phase as needed if objectives can't be met, to
modify budget, schedule, or scope. Critical to be careful of scope creep - don't add functionality
without considering impact. This phase is complete when all work activities and deliverables are
ready to be delivered to customer/sponsor.

Question:
18. Closing
Answer:
When project outcomes are delivered to the customer and/or sponsor. Project Manager ties up loose
ends
* Reassign project resources back to company
* Document project results and lessons learned
* Close out procurement activities
* Verify completed project is transitoned to customer

Question:
19. SMART Goals
Answer:
* Specific
* Measurable
* Achievable
* Relevant
* Time Based

Question:
20. Project Manage-ment
Answer:
The act of running a project and encompasses the use of general management or specific project
management knowledge, skills, tools, and techniques to ensure that the project meets its goals.

Question:
21. Project Sponsor

, Answer:
The individual (often manager or executive) with overall accountability for a project. Primarily
concerned with ensuring project delivers agreed upon benefits.

Question:
22. Intergration Managment
Answer:
Includes processes/activities needed to identify, define, and coordinate various processes and project
management activities.

Question:
23. Scope Manage-ment
Answer:
Includes the processes that ensure that all the work required is identified to complete the project
successfully.

Question:
24. Time Manage-ment
Answer:
includes the processes required to manage the timely completion of the project.

Question:
25. Cost Manage-ment
Answer:
Includes the processes involved in planning, estimating, budgeting, managing, and controlling costs
so that the project can be completed within the approved budget.

Question:
26. Quality Manage-ment
Answer:
Includes processes/activities that determine quality policies, objectives, and re-sponsibilities.

Question:
27. Human Resource Management
Answer:
Includes the processes that organize, manage, and lead the project team.

Question:
28. Communication Management
Answer:
Includes processes to ensure timely and appropriate planning, creation, distrib-ution, management,
control, and monitoring of project information.

Question:
29. Risk Manage-ment