WGU C722 Project Management All Units Combined
Verified Study Questions And Answers
Projects ANS 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 ANS * 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 ANS Day-to-day activities in an organization. Continuous/ongoing.
Examples of Operations ANS * A car company making cars.
* An airline flying passsengers.
* A CPA firm completing taxes for clients.
Product ANS Something created by a project.
Example of Product ANS * A flu vaccine.
* An office building.
* The movie you just watched.
,* The design of the vehicle you drive.
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.
Subject Matter Expert (SME) ANS A person who is an authority in a particular area or project.
Program ANS A group of related projects.
Portfolio ANS A group of initiatives (projects and programs) that a company engages in to improve its
operations.
Charter ANS 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.
Business Case ANS The justification for a project - Explains the business need.
Project Life Cycle Phases ANS Defining, Planning Executing, Closing
Defining ANS Idea for project is generated and formalized. Decision on whether to implement is made.
Ends when project charter is approved.
Planning ANS 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.
Executing ANS 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.
Closing ANS 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
SMART Goals ANS * Specific
* Measurable
* Achievable
* Relevant
* Time Based
, Project Management ANS 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.
Project Sponsor ANS The individual (often manager or executive) with overall accountability for a project.
Primarily concerned with ensuring project delivers agreed upon benefits.
Intergration Managment ANS Includes processes/activities needed to identify, define, and coordinate
various processes and project management activities.
Scope Management ANS Includes the processes that ensure that all the work required is identified to
complete the project successfully.
Time Management ANS includes the processes required to manage the timely completion of the project.
Cost Management ANS Includes the processes involved in planning, estimating, budgeting, managing, and
controlling costs so that the project can be completed within the approved budget.
Quality Management ANS Includes processes/activities that determine quality policies, objectives, and
responsibilities.
Human Resource Management ANS Includes the processes that organize, manage, and lead the project
team.
Communication Management ANS Includes processes to ensure timely and appropriate planning, creation,
distribution, management, control, and monitoring of project information.
Risk Management ANS Includes the processes of conducting risk management planning, identification,
analysis, response planning, and controlling risk on a project.
Procurement Management ANS Includes the processes necessary to acquire products, services, or results
needed from outside the project team.
Verified Study Questions And Answers
Projects ANS 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 ANS * 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 ANS Day-to-day activities in an organization. Continuous/ongoing.
Examples of Operations ANS * A car company making cars.
* An airline flying passsengers.
* A CPA firm completing taxes for clients.
Product ANS Something created by a project.
Example of Product ANS * A flu vaccine.
* An office building.
* The movie you just watched.
,* The design of the vehicle you drive.
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.
Subject Matter Expert (SME) ANS A person who is an authority in a particular area or project.
Program ANS A group of related projects.
Portfolio ANS A group of initiatives (projects and programs) that a company engages in to improve its
operations.
Charter ANS 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.
Business Case ANS The justification for a project - Explains the business need.
Project Life Cycle Phases ANS Defining, Planning Executing, Closing
Defining ANS Idea for project is generated and formalized. Decision on whether to implement is made.
Ends when project charter is approved.
Planning ANS 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.
Executing ANS 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.
Closing ANS 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
SMART Goals ANS * Specific
* Measurable
* Achievable
* Relevant
* Time Based
, Project Management ANS 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.
Project Sponsor ANS The individual (often manager or executive) with overall accountability for a project.
Primarily concerned with ensuring project delivers agreed upon benefits.
Intergration Managment ANS Includes processes/activities needed to identify, define, and coordinate
various processes and project management activities.
Scope Management ANS Includes the processes that ensure that all the work required is identified to
complete the project successfully.
Time Management ANS includes the processes required to manage the timely completion of the project.
Cost Management ANS Includes the processes involved in planning, estimating, budgeting, managing, and
controlling costs so that the project can be completed within the approved budget.
Quality Management ANS Includes processes/activities that determine quality policies, objectives, and
responsibilities.
Human Resource Management ANS Includes the processes that organize, manage, and lead the project
team.
Communication Management ANS Includes processes to ensure timely and appropriate planning, creation,
distribution, management, control, and monitoring of project information.
Risk Management ANS Includes the processes of conducting risk management planning, identification,
analysis, response planning, and controlling risk on a project.
Procurement Management ANS Includes the processes necessary to acquire products, services, or results
needed from outside the project team.
