WGU C722 Project Management | 221 Questions and Answers(A+ Solution guide)

Projects - 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. Example of Projects - * 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. Operations - Day-to-day activities in an organization. Continuous/ongoing. Examples of Operations - * A car company making cars. * An airline flying passsengers. * A CPA firm completing taxes for clients. Product - Something created by a project. Example of Product - * A flu vaccine. * An office building.* The movie you just watched. * The design of the vehicle you drive. Business Scenario - 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.