WGU C722 PROJECT MANAGEMENT EXAM 1
ACCURATE AND FREQUENTLY TESTED QUESTIONS
AND 100% CORRECT ANSWERS|| LATEST AND
COMPLETE UPDATE WITH EXPERT VERIFIED
SOLUTIONS|| SURE PASS
What is a project? - ANSWER: Any temporary endeavor with specific start and
end dates that results in a unique product, service, or result
What does project management involve? - ANSWER: Managing everything about
the project to get the desired result
What are organizations? - ANSWER: Complex entities that engage in two types of
activities: operations and projects
What is a project (in terms of business activity)? - ANSWER: A project modifies
the business or its products for future profitability. A project develops a new
product or service, including: new technology features, an improved service, or
cost reduction for the business in providing services, such as better accounting
systems.
Why are organizations becoming increasingly complex? - ANSWER: - Changing
workforce demographics
- Increased use of technology
- Increase in cross-cultural workforce and customer bases
- Increase in international activities
- Increase in demand for high-complexity, low-cost products
- Shorter product life cycles
- Increase in corporate social responsibility
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- Increase in corporate ethical practices
Who were the "parents" of time and motion study? - ANSWER: Frank and Lillian
Gilbreth
Who was the father of scientific management? - ANSWER: Frederick Taylor
Which associate of Frederick Taylor studied organizational operations, specifically
management technique in the construction of WWI Navy ships? - ANSWER:
Henry Gantt
What is a Gantt chart? - ANSWER: A horizontal bar chart that sequences tasks
and provides the duration of each task
What are the 10 distinct areas in which project managers must be competent? -
ANSWER: - Integration management
- Scope management
- Time management
- Cost management
- Quality management
- Human resources management
- Communication management
-Risk management
- Procurement management
- Stakeholder management
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What is a mnemonic for remembering the 10 competencies a project manager must
have? - ANSWER: It's so tricky (to) cradle quirky hounds. CR(i)P(e)S!
Integration, scope, time, cost, quality, human resources, communication, risk,
procurement, stakeholder
What is integration management? - ANSWER: Includes processes and activities
needed to identify, define, and coordinate various processes and project
management activities
What is scope management? - ANSWER: Includes the processes that ensure that
all the work required is identified to complete the project successfully
What is time management? - ANSWER: Includes the processes required to
manage the timely completion of the project
What is cost management? - ANSWER: Includes the processes involved in
planning, estimating, budgeting, managing, and controlling costs so that the project
can be completed within the approved budget
What is quality management? - ANSWER: Includes processes and activities that
determine quality policies, objectives, and responsibilities
What is human resources management? - ANSWER: Includes the processes that
organize, manage, and lead the project team
What is communication management? - ANSWER: Includes processes to ensure
timely and appropriate planning, creation, distribution, management, control, and
monitoring of project information
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What is risk management? - ANSWER: Includes the processes of conducting risk
management planning, identification, analysis, response planning, and controlling
risk on a project
What is procurement management? - ANSWER: Includes the processes necessary
to acquire products, services, or results needed from outside the project team
What is stakeholder management? - ANSWER: Includes the processes required to
identify all people or organizations impacted by the project, analyze stakeholder
expectations, and develop appropriate strategies for effectively engaging
stakeholders in project decisions and execution
What are some of the people skills a project manager must have? - ANSWER: -
Negotiation
- Conflict resolution
- Written and oral communication
- Prioritization
- Budgeting of money and time
What are operations? - ANSWER: Operations are the ongoing, daily activities of
an organization that produce revenue and expense. They continue over an
indefinite period of time, creating business transactions and delivering products
and services that generate revenue. They are the activities that typically are thought
of as what the organization "does."
Operations are, simply put, the ongoing, day-to-day activities that a company, a
not-for-profit, or a government entity engages in. There is not a specifically
defined start date, there is no specifically defined end date, and there is no unique
product, service, or result as an output from the operation.