WGU C722 Project Management questions with
verified answers
0/100 Rule Ans✓✓✓ Assign 0% to projects that are not started or in progress,
and 100% to completed projects.
50/50 Rule Ans✓✓✓ Assing 50% complete as soon as an activity is started;
assigns 100% upon completion. Every activity is either 0, 50, or 100
8/80 rule Ans✓✓✓ Limits on sizes of assignments:
Do not assign anything that takes less than 8 hours to avoid micromanaging and
ensure we give sufficent work out. Do not assign anything that takes more than
80 hours to complete, or if you must, check in every 80 hours.
Activity Ans✓✓✓ A portion of work that will be executed as part of the project.
Actual Cost (AC) Ans✓✓✓ Total dollar value of costs to date.
Ad Hoc - Level 1 Ans✓✓✓ 1 of the 5 levels of change management
No formal standards, processes, procedures or resources, technologies and
reporting methodologies are sporadic
Adjourning Ans✓✓✓ Occurs when team's work is complete. Can occur at any
time during a project life cycle.
,Agile Methods Ans✓✓✓ Developed for projects where end is not clearly defined
in advance. Software, new product development
iterative approach. Team delivers project to the customer in usable chunks.
Sprint - Short bursts of activity. Team stays in focus and in communication with
customers.
Customer functionality requirements are called backlog, updated with user stories
and scored by team members.
Retrospective - Discussion after a sprint to evaluate what you'll change for next
time
Apportion Method Ans✓✓✓ Based on ratio method but consideres specific
functionality or work required. Work allocated by % to major work areas.
AXELOS Ans✓✓✓ A joint venture between HM Cabinet Office and Capita plc that
developed PRINCE2
Backward Pass Ans✓✓✓ Start with target end date and work backward to see
latest date you can start and still finish on time.
Baseline Budget Ans✓✓✓ A snapshot of the project budget taken as planning
process is complete.
,Used to compare actual costs to planned costs so adjustments can be made as
project progresses.
Beta Distribution Ans✓✓✓ A weighted average that emphasizes the most likely
distribution. Developed as part of the Project Evaluation and Review Technique
(PERT)Puts more weight on most likely outcome.
Duration = (O + 4M +P) / 6
Bottom-up Estimation Ans✓✓✓ Estimates made at the detailed work activity
level of the Work Breakdown Schedule. Generated by functional experts with
knowledge of resources required and available to complete activity. Developed
during planning phase, when knowledge is greater.
Budget at Completion (BAC) Ans✓✓✓ Approved total baseline budget for the
completed project.
Business Case Ans✓✓✓ The justification for a project - Explains the business
need.
Business Scenario Ans✓✓✓ 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
, Business Strategy Ans✓✓✓ 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.
Calendarized Budget Ans✓✓✓ One where costs are distributed across all time
periods of a project. Kowing when expenses will occur allows organization to plan
and make sure $$ is available to pay the bills.
Capable (Prioject Selection Model) Ans✓✓✓ Uses factors that are relevant to
organization
CCPM Ans✓✓✓ Critical Chain Project Management
Focuses on managing uncertainties of a project. Assumes resources are in limited
supply and plans around availability.
Change control board (CCB) Ans✓✓✓ Those with authority to approve changes.
Ensures change doesn't negatively impact the project's triple constraint of time,
cost, and scope. Can be a small group of individuals from within a project team.
Change Management - Prosci's 3-Phase Change Management Ans✓✓✓ 1.
Prepare
2. Manage
3. Reinforce
Change Management Process Ans✓✓✓ A way to formally identify, evaluate,
decide, and communicate project changes.
verified answers
0/100 Rule Ans✓✓✓ Assign 0% to projects that are not started or in progress,
and 100% to completed projects.
50/50 Rule Ans✓✓✓ Assing 50% complete as soon as an activity is started;
assigns 100% upon completion. Every activity is either 0, 50, or 100
8/80 rule Ans✓✓✓ Limits on sizes of assignments:
Do not assign anything that takes less than 8 hours to avoid micromanaging and
ensure we give sufficent work out. Do not assign anything that takes more than
80 hours to complete, or if you must, check in every 80 hours.
Activity Ans✓✓✓ A portion of work that will be executed as part of the project.
Actual Cost (AC) Ans✓✓✓ Total dollar value of costs to date.
Ad Hoc - Level 1 Ans✓✓✓ 1 of the 5 levels of change management
No formal standards, processes, procedures or resources, technologies and
reporting methodologies are sporadic
Adjourning Ans✓✓✓ Occurs when team's work is complete. Can occur at any
time during a project life cycle.
,Agile Methods Ans✓✓✓ Developed for projects where end is not clearly defined
in advance. Software, new product development
iterative approach. Team delivers project to the customer in usable chunks.
Sprint - Short bursts of activity. Team stays in focus and in communication with
customers.
Customer functionality requirements are called backlog, updated with user stories
and scored by team members.
Retrospective - Discussion after a sprint to evaluate what you'll change for next
time
Apportion Method Ans✓✓✓ Based on ratio method but consideres specific
functionality or work required. Work allocated by % to major work areas.
AXELOS Ans✓✓✓ A joint venture between HM Cabinet Office and Capita plc that
developed PRINCE2
Backward Pass Ans✓✓✓ Start with target end date and work backward to see
latest date you can start and still finish on time.
Baseline Budget Ans✓✓✓ A snapshot of the project budget taken as planning
process is complete.
,Used to compare actual costs to planned costs so adjustments can be made as
project progresses.
Beta Distribution Ans✓✓✓ A weighted average that emphasizes the most likely
distribution. Developed as part of the Project Evaluation and Review Technique
(PERT)Puts more weight on most likely outcome.
Duration = (O + 4M +P) / 6
Bottom-up Estimation Ans✓✓✓ Estimates made at the detailed work activity
level of the Work Breakdown Schedule. Generated by functional experts with
knowledge of resources required and available to complete activity. Developed
during planning phase, when knowledge is greater.
Budget at Completion (BAC) Ans✓✓✓ Approved total baseline budget for the
completed project.
Business Case Ans✓✓✓ The justification for a project - Explains the business
need.
Business Scenario Ans✓✓✓ 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
, Business Strategy Ans✓✓✓ 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.
Calendarized Budget Ans✓✓✓ One where costs are distributed across all time
periods of a project. Kowing when expenses will occur allows organization to plan
and make sure $$ is available to pay the bills.
Capable (Prioject Selection Model) Ans✓✓✓ Uses factors that are relevant to
organization
CCPM Ans✓✓✓ Critical Chain Project Management
Focuses on managing uncertainties of a project. Assumes resources are in limited
supply and plans around availability.
Change control board (CCB) Ans✓✓✓ Those with authority to approve changes.
Ensures change doesn't negatively impact the project's triple constraint of time,
cost, and scope. Can be a small group of individuals from within a project team.
Change Management - Prosci's 3-Phase Change Management Ans✓✓✓ 1.
Prepare
2. Manage
3. Reinforce
Change Management Process Ans✓✓✓ A way to formally identify, evaluate,
decide, and communicate project changes.
