WGU Project Management C722 Unit 8
Module 31 Rated A+
What is the formula for calculating Schedule Variance (SV)?
a) SV = EV – AC
b) SV = PV – EV
✔✔c) SV = EV – PV
d) SV = AC – EV
What is the primary objective of the project communication plan?
a) To set up a timeline for project activities
✔✔b) To define how and when project information will be communicated to stakeholders
c) To manage project risks
d) To allocate project resources
What is the purpose of a change control system in project management?
a) To monitor project timelines
1
,✔✔b) To manage changes in project scope, schedule, and cost
c) To allocate resources effectively
d) To track team performance
Which of the following is an example of a project deliverable?
a) A project team meeting
b) A project risk assessment document
✔✔c) A completed product or service output
d) A stakeholder communication plan
What does the project cost baseline represent?
a) The total cost to complete the project’s activities
✔✔b) The approved version of the project budget, including any approved changes
c) The initial cost estimation for the project
d) The overall financial performance of the project team
Which of the following is the main objective of project scope management?
a) To monitor project progress
2
, ✔✔b) To define and control what is included and excluded in the project
c) To allocate resources based on project needs
d) To assess the overall project performance
What is a project milestone?
a) A specific team member responsible for project tasks
✔✔b) A significant event or achievement in the project’s timeline
c) A document detailing project requirements
d) A tool used to track project risks
What is the purpose of the project procurement management plan?
a) To manage team assignments
b) To monitor the project budget
✔✔c) To define how goods and services will be acquired for the project
d) To create a schedule for project tasks
What is the formula for calculating the Cost Performance Index (CPI)?
a) CPI = EV / AC
3
Module 31 Rated A+
What is the formula for calculating Schedule Variance (SV)?
a) SV = EV – AC
b) SV = PV – EV
✔✔c) SV = EV – PV
d) SV = AC – EV
What is the primary objective of the project communication plan?
a) To set up a timeline for project activities
✔✔b) To define how and when project information will be communicated to stakeholders
c) To manage project risks
d) To allocate project resources
What is the purpose of a change control system in project management?
a) To monitor project timelines
1
,✔✔b) To manage changes in project scope, schedule, and cost
c) To allocate resources effectively
d) To track team performance
Which of the following is an example of a project deliverable?
a) A project team meeting
b) A project risk assessment document
✔✔c) A completed product or service output
d) A stakeholder communication plan
What does the project cost baseline represent?
a) The total cost to complete the project’s activities
✔✔b) The approved version of the project budget, including any approved changes
c) The initial cost estimation for the project
d) The overall financial performance of the project team
Which of the following is the main objective of project scope management?
a) To monitor project progress
2
, ✔✔b) To define and control what is included and excluded in the project
c) To allocate resources based on project needs
d) To assess the overall project performance
What is a project milestone?
a) A specific team member responsible for project tasks
✔✔b) A significant event or achievement in the project’s timeline
c) A document detailing project requirements
d) A tool used to track project risks
What is the purpose of the project procurement management plan?
a) To manage team assignments
b) To monitor the project budget
✔✔c) To define how goods and services will be acquired for the project
d) To create a schedule for project tasks
What is the formula for calculating the Cost Performance Index (CPI)?
a) CPI = EV / AC
3
