WGU C722 Exam 268 Questions with Verified
Answers
are temporary endeavors with a specified start and end date that exist to develop
a unique product, service, or result. - CORRECT ANSWER projects
Program - CORRECT ANSWER Which of the following would be established to
organize the work required to coordinate several related efforts to create one or
more deliverables that a company plans to complete over the new fiscal year?
is a group of related programs which support a long term company goal or
objective. - CORRECT ANSWER portifolio
Defining, Planning, Executing, Closing - CORRECT ANSWER Project Life Cycle
Phases
The defining phase ends with the decision to accept or reject the project proposal.
- CORRECT ANSWER Life Cycle Phase Defining
The planning phase is when project requirements are gathered from the
stakeholders, and ends with the approval of the project scope, budget, and
schedule. - CORRECT ANSWER Life Cycle Phase Planning
monitoring and controlling occur during execution to ensure that the project stays
on track - CORRECT ANSWER Life Cycle Phase Executing
,During the closing phase, all procurement activity is completed, the customer
accepts delivery of the finished project, and project documentation is finished.
Lessons learned are written during the closing phase. - CORRECT ANSWER Life
Cycle Phase Closing
executing phase -
planning will recur in order to make adjustments to the project trajectory -
CORRECT ANSWER Which Life Cycle Phase is Iterative
Scope, Cost, Time - CORRECT ANSWER What triple constraints does a project need
to meet to be successful?
scope - CORRECT ANSWER A project to build a new city library is being planned
using federal grant money. The library director, grant
administrators, and city planners disagree on some points of the building design.
Some stakeholders want to dedicate more community meeting space, while
others want more shelves to increase the number of books in the library's
collection. Which triple constraint is being debated?
includes the processes involved in planning, estimating, budgeting, managing, and
controlling costs so that the project can be completed within the approved budget
- CORRECT ANSWER Cost
includes the processes required to manage the timely completion of the project -
CORRECT ANSWER Time
,the formal process of introducing change, getting it adopted, and diffusing it
throughout the organization - CORRECT ANSWER Define change management
Quality Management Plan - CORRECT ANSWER An employee is reviewing a
documented project requirements to ensure they are feasible and suitable. This
includes the training plan, one of the projects major deliverables. The employee is
concerned that the team might not be meeting the quality measurements
identified for the plan.
Which aspect of project quality does this quality describe?
includes the processes of conducting risk management planning, identification,
analysis, response planning, and controlling risk on a project - CORRECT ANSWER
Define risk management
the ways in which power and authority are distributed within an organization -
CORRECT ANSWER organizational structure
Most common form of organization design, in which hierarchical relationships
develop vertically, and each employee reports to one superior - CORRECT
ANSWER traditional structure
coordination is simplified between functional and project managers - CORRECT
ANSWER matrix structure
, (SME) subject matter experts from different functional areas are assigned to
directly report to the project manager for a specific project - CORRECT ANSWER
Projectized Organization
to support multiple projects that will be implemented within a projectized
organizational structure. Project team member gain access to historical data from
other projects. - CORRECT ANSWER The advantage of using a PMO
senior management assigns a level of importance to each criterion which then
assigns a value based on that level when calculating the total project score.
And, not limited to traditional numeric performance measures such as ROI, profit,
and revenue, etc - CORRECT ANSWER Non-numeric project selection models
use financial and other quantitative measures to drive decision making. Types are:
internal rate of return, net present value, payback period. - CORRECT ANSWER
Numeric project selection models
the principle that a dollar received today is worth more than a dollar received in
the future - CORRECT ANSWER time value of money
To calculate the alternative use of money - CORRECT ANSWER opportunity cost
The ____________ is the rate of return which makes the cost of the project equal
the future cash flows of the project. - CORRECT ANSWER Internal Rate of Return
(IRR)
Answers
are temporary endeavors with a specified start and end date that exist to develop
a unique product, service, or result. - CORRECT ANSWER projects
Program - CORRECT ANSWER Which of the following would be established to
organize the work required to coordinate several related efforts to create one or
more deliverables that a company plans to complete over the new fiscal year?
is a group of related programs which support a long term company goal or
objective. - CORRECT ANSWER portifolio
Defining, Planning, Executing, Closing - CORRECT ANSWER Project Life Cycle
Phases
The defining phase ends with the decision to accept or reject the project proposal.
- CORRECT ANSWER Life Cycle Phase Defining
The planning phase is when project requirements are gathered from the
stakeholders, and ends with the approval of the project scope, budget, and
schedule. - CORRECT ANSWER Life Cycle Phase Planning
monitoring and controlling occur during execution to ensure that the project stays
on track - CORRECT ANSWER Life Cycle Phase Executing
,During the closing phase, all procurement activity is completed, the customer
accepts delivery of the finished project, and project documentation is finished.
Lessons learned are written during the closing phase. - CORRECT ANSWER Life
Cycle Phase Closing
executing phase -
planning will recur in order to make adjustments to the project trajectory -
CORRECT ANSWER Which Life Cycle Phase is Iterative
Scope, Cost, Time - CORRECT ANSWER What triple constraints does a project need
to meet to be successful?
scope - CORRECT ANSWER A project to build a new city library is being planned
using federal grant money. The library director, grant
administrators, and city planners disagree on some points of the building design.
Some stakeholders want to dedicate more community meeting space, while
others want more shelves to increase the number of books in the library's
collection. Which triple constraint is being debated?
includes the processes involved in planning, estimating, budgeting, managing, and
controlling costs so that the project can be completed within the approved budget
- CORRECT ANSWER Cost
includes the processes required to manage the timely completion of the project -
CORRECT ANSWER Time
,the formal process of introducing change, getting it adopted, and diffusing it
throughout the organization - CORRECT ANSWER Define change management
Quality Management Plan - CORRECT ANSWER An employee is reviewing a
documented project requirements to ensure they are feasible and suitable. This
includes the training plan, one of the projects major deliverables. The employee is
concerned that the team might not be meeting the quality measurements
identified for the plan.
Which aspect of project quality does this quality describe?
includes the processes of conducting risk management planning, identification,
analysis, response planning, and controlling risk on a project - CORRECT ANSWER
Define risk management
the ways in which power and authority are distributed within an organization -
CORRECT ANSWER organizational structure
Most common form of organization design, in which hierarchical relationships
develop vertically, and each employee reports to one superior - CORRECT
ANSWER traditional structure
coordination is simplified between functional and project managers - CORRECT
ANSWER matrix structure
, (SME) subject matter experts from different functional areas are assigned to
directly report to the project manager for a specific project - CORRECT ANSWER
Projectized Organization
to support multiple projects that will be implemented within a projectized
organizational structure. Project team member gain access to historical data from
other projects. - CORRECT ANSWER The advantage of using a PMO
senior management assigns a level of importance to each criterion which then
assigns a value based on that level when calculating the total project score.
And, not limited to traditional numeric performance measures such as ROI, profit,
and revenue, etc - CORRECT ANSWER Non-numeric project selection models
use financial and other quantitative measures to drive decision making. Types are:
internal rate of return, net present value, payback period. - CORRECT ANSWER
Numeric project selection models
the principle that a dollar received today is worth more than a dollar received in
the future - CORRECT ANSWER time value of money
To calculate the alternative use of money - CORRECT ANSWER opportunity cost
The ____________ is the rate of return which makes the cost of the project equal
the future cash flows of the project. - CORRECT ANSWER Internal Rate of Return
(IRR)
