WGU - C722 Project Management {LATEST
2026 -2027 update} QUESTIONS AND
ANSWERS 100% CORRECT
Two common situations occur that may prompt a change to the baseline scope -
correct answer The scope may be expanded to include additional functionality or the
scope may be diminished due to changes in the project environment such as reduced
funding or requirements or changing time/due date.
Scope creep - correct answer occurs when the project team integrates enhancements
to the scope without proper evaluation and approval.
Work performance data - correct answer will identify the work activities that are
completed, partially completed, or not started.
,Risk register - correct answer is a list of potential risks, how the risks will be
monitored, and what action will be taken should the risk event occur.
Corrective action - correct answer is a document issued to identify quality failures and
how they will be corrected. The deliverable itself may need to be reworked and the
project plan may need to be revised to ensure that future deliverables do not include
the same error.
Risk Breakdown Structure (RBS) - correct answer which follows the WBS and insures
that each activity and task in the WBS is reviewed for risk and opportunity and
documented as identified.
Risk Management Options - correct answer Avoid, mitigate, transfer and accept.
,Risk Avoidance - correct answer During our planning, the team identifies the risk and
sets a path to avoid the risk.
Transfer of the risk - correct answer transfer risk to someone else
Mitigation - correct answer is when the team acts in some fashion to reduce the
impact or likelihood of the risk occurring.
Accepting - correct answer the risk is a response strategy where we recognize the
risk and say that it is a part of the project, normal business practice and the team will
plan to accept it accordingly.
Opportunity Management - correct answer Acceptance, Enhancing the opportunity and
Sharing the opportunity
, Risk register - correct answer lists all risks (external, technical, or organizational) and
assigns scores for probability and severity.
Probability Severity (P*S) score - correct answer helps us prioritize the risks
appropriately.
Top-down estimation methods - correct answer hese estimates are often provided by
someone at the organization who has knowledge or experience from prior projects
similar to the project being considered
Bottom-up estimation methods - correct answer require that estimates be made at the
detailed work activity level of the WBS.
Parametric estimating - correct answer top-down methods are based on the
relationship between the current project and historical data
2026 -2027 update} QUESTIONS AND
ANSWERS 100% CORRECT
Two common situations occur that may prompt a change to the baseline scope -
correct answer The scope may be expanded to include additional functionality or the
scope may be diminished due to changes in the project environment such as reduced
funding or requirements or changing time/due date.
Scope creep - correct answer occurs when the project team integrates enhancements
to the scope without proper evaluation and approval.
Work performance data - correct answer will identify the work activities that are
completed, partially completed, or not started.
,Risk register - correct answer is a list of potential risks, how the risks will be
monitored, and what action will be taken should the risk event occur.
Corrective action - correct answer is a document issued to identify quality failures and
how they will be corrected. The deliverable itself may need to be reworked and the
project plan may need to be revised to ensure that future deliverables do not include
the same error.
Risk Breakdown Structure (RBS) - correct answer which follows the WBS and insures
that each activity and task in the WBS is reviewed for risk and opportunity and
documented as identified.
Risk Management Options - correct answer Avoid, mitigate, transfer and accept.
,Risk Avoidance - correct answer During our planning, the team identifies the risk and
sets a path to avoid the risk.
Transfer of the risk - correct answer transfer risk to someone else
Mitigation - correct answer is when the team acts in some fashion to reduce the
impact or likelihood of the risk occurring.
Accepting - correct answer the risk is a response strategy where we recognize the
risk and say that it is a part of the project, normal business practice and the team will
plan to accept it accordingly.
Opportunity Management - correct answer Acceptance, Enhancing the opportunity and
Sharing the opportunity
, Risk register - correct answer lists all risks (external, technical, or organizational) and
assigns scores for probability and severity.
Probability Severity (P*S) score - correct answer helps us prioritize the risks
appropriately.
Top-down estimation methods - correct answer hese estimates are often provided by
someone at the organization who has knowledge or experience from prior projects
similar to the project being considered
Bottom-up estimation methods - correct answer require that estimates be made at the
detailed work activity level of the WBS.
Parametric estimating - correct answer top-down methods are based on the
relationship between the current project and historical data
