WGU C722 Project Management
OBJECTIVE ASSESSMENT ACTUAL EXAM
(LATEST UPDATE 2026) QUESTIONS
WITH VERIFIED CORRECT SOLUTIONS ||
100% GUARANTEED PASS BRAND NEW
VERSION
portfolio -CORRECTANSWER a group of related programs that support a long-term
company goal or objective Pg 13
program -CORRECTANSWER a group of related projects Pg 13
project -CORRECTANSWER an activity or group of activities to generate a new, unique
product, service, or results to support that program Pg 13
charter -CORRECTANSWER a document that, like a contract, is agreed upon by the
sponsor and key stakeholders. It defines the project and authorizes the resources,
roles, responsibilities, authorities, and scope for the project Pg 13
Specific, measurable, attainable, relevant, timely -CORRECTANSWER Criteria of
specific objectives that are unique to a project are referred to as SMART which stands
for what Pg 15
,triple constraint -CORRECTANSWER cost (budget), schedule (time), and scope
(deliverables) Pg 17
stakeholder analysis -CORRECTANSWER analysis to define the relevant stakeholders,
their interests, and their communication needs Pg 19
Change Control Board (CCB) -CORRECTANSWER a group of people who track
changes in a project and can be used as a governance tool Pg 19
Work Breakdown Structures (WBS) -CORRECTANSWER a key tool so that people
understand what is expected of them and how they will be held accountable Pg 21
Project Management Institute (PMI) -CORRECTANSWER Founded in 1969, it's
headquartered in Newton, PA, and has member chapters on every continent (except
Antarctica). Publishes foundational and practice standards and is the largest in the
world. Pg 22
Association for Project Management (APM) -CORRECTANSWER A UK-based charter
organization that is the largest professional body of its kind in Europe. Formed in 1972,
it's membership is primarily limited to the United Kingdom. Pg 22
, International Project Management Association (IPMA) -CORRECTANSWER the world's
first project management association, founded in 1965. The leading authority on
competent project, programme, and portfolio management (PPPM) Pg 22
AXELOS, Ltd -CORRECTANSWER a joint venture between the government of the
United Kingdom and Captia PLC. It was formed to manage and grow a number of
standards and associated certifications developed by the Cabinet office, including ITIL
(Information Technology Infrastructure Library), PRINCE2, and Managing Successful
Programs (MSP). Pg 22
Functional (Departmentalized) Organization pros/cons -CORRECTANSWER Pros:
Lines of authority are clear; work is easily prioritized by identified departmental authority
Cons: Utilizing resources across functions can be difficult; project is not managed
holistically
Projectized Organization pros and cons -CORRECTANSWER Pros: Clear lines of
authority; project is managed holistically; gain historical data from prior projects.
Cons: Approach is expensive because of the duplication of personnel; SME assigned
may not have the most appropriate knowledge or expertise for the project
OBJECTIVE ASSESSMENT ACTUAL EXAM
(LATEST UPDATE 2026) QUESTIONS
WITH VERIFIED CORRECT SOLUTIONS ||
100% GUARANTEED PASS BRAND NEW
VERSION
portfolio -CORRECTANSWER a group of related programs that support a long-term
company goal or objective Pg 13
program -CORRECTANSWER a group of related projects Pg 13
project -CORRECTANSWER an activity or group of activities to generate a new, unique
product, service, or results to support that program Pg 13
charter -CORRECTANSWER a document that, like a contract, is agreed upon by the
sponsor and key stakeholders. It defines the project and authorizes the resources,
roles, responsibilities, authorities, and scope for the project Pg 13
Specific, measurable, attainable, relevant, timely -CORRECTANSWER Criteria of
specific objectives that are unique to a project are referred to as SMART which stands
for what Pg 15
,triple constraint -CORRECTANSWER cost (budget), schedule (time), and scope
(deliverables) Pg 17
stakeholder analysis -CORRECTANSWER analysis to define the relevant stakeholders,
their interests, and their communication needs Pg 19
Change Control Board (CCB) -CORRECTANSWER a group of people who track
changes in a project and can be used as a governance tool Pg 19
Work Breakdown Structures (WBS) -CORRECTANSWER a key tool so that people
understand what is expected of them and how they will be held accountable Pg 21
Project Management Institute (PMI) -CORRECTANSWER Founded in 1969, it's
headquartered in Newton, PA, and has member chapters on every continent (except
Antarctica). Publishes foundational and practice standards and is the largest in the
world. Pg 22
Association for Project Management (APM) -CORRECTANSWER A UK-based charter
organization that is the largest professional body of its kind in Europe. Formed in 1972,
it's membership is primarily limited to the United Kingdom. Pg 22
, International Project Management Association (IPMA) -CORRECTANSWER the world's
first project management association, founded in 1965. The leading authority on
competent project, programme, and portfolio management (PPPM) Pg 22
AXELOS, Ltd -CORRECTANSWER a joint venture between the government of the
United Kingdom and Captia PLC. It was formed to manage and grow a number of
standards and associated certifications developed by the Cabinet office, including ITIL
(Information Technology Infrastructure Library), PRINCE2, and Managing Successful
Programs (MSP). Pg 22
Functional (Departmentalized) Organization pros/cons -CORRECTANSWER Pros:
Lines of authority are clear; work is easily prioritized by identified departmental authority
Cons: Utilizing resources across functions can be difficult; project is not managed
holistically
Projectized Organization pros and cons -CORRECTANSWER Pros: Clear lines of
authority; project is managed holistically; gain historical data from prior projects.
Cons: Approach is expensive because of the duplication of personnel; SME assigned
may not have the most appropriate knowledge or expertise for the project
