WGU C176 UPDATED COMPREHENSIVE QUESTIONS
AND ANSWERS SURE A+
✔✔Who is responsible for completing backlog items and establishing estimates for the
work to fill the sprint period? - ✔✔Project Team
✔✔Product owner - ✔✔Product owner is the voice of the customer and determines the
backlog (also known as user stories) and prioritizes the backlog.
✔✔Scrum master - ✔✔Scrum master removes obstacles that stand in the way of the
team performing its role and provides education on the Agile process.
✔✔business case - ✔✔The business case documents the reasons for the project,
justification for the project, and how it fits in with the company objectives. It establishes
the justification for the project, how it aligns to the strategic goals of an organization,
and the business need or opportunity that brought about the project.
✔✔economic model includes - ✔✔An economic model includes discounted cash flow,
NPV (net present value), and IRR (internal rate of return).
✔✔Benefit measurement methods include - ✔✔Benefit measurement methods include
cost-benefit analysis, a scoring model, and a payback period.
✔✔What should you first do with a newly identified risk? - ✔✔Whenever a new risk is
identified, it's added to the risk register to document the risk and its characteristics.
✔✔risk register contains the following elements: - ✔✔List of identified risks & List of
potential responses
✔✔smoothing - ✔✔You reiterate the areas of agreement and avoid the areas of
disagreement.
, ✔✔Forcing - ✔✔Forcing is a win-lose conflict-resolution technique. In this technique,
one person forces a solution on the other parties.
✔✔Avoiding - ✔✔Avoiding can also be a lose-lose conflict technique, but it is not
temporary in nature and does not emphasize anything because one of the parties
leaves the discussions.
✔✔Confronting - ✔✔Confronting is a win-win conflict-resolution technique. In this
technique, fact-finding mission is performed.
✔✔Project Ending Types - ✔✔Extinction - Addition - Starvation - Integration
✔✔Cost performance index (CPI) - ✔✔Cost performance index (CPI) is a measure of
cost efficiency on a project. The CPI is the ratio of earned value to actual cost. It is used
to calculate performance efficiencies, as well as predict future performance in trend
analysis. The CPI is calculated using the following formula: CPI = Earned value (EV) /
Actual cost (AC). If the CPI value is greater than 1, it indicates better than expected
performance; if less than 1, it shows poor performance. A CPI value of 1 indicates that
the project is right on target.
✔✔Planned value (PV) - ✔✔Planned value (PV) is the authorized budget assigned to
scheduled work to be accomplished for a schedule activity or work breakdown structure
(WBS) component. PV is also called budgeted cost of work scheduled (BCWS).
✔✔Actual cost (AC) - ✔✔Actual cost (AC) is the total cost actually incurred and
recorded in accomplishing work performed during a given period for a schedule activity.
It's the cost of work and money spent to date, including direct and indirect costs. AC is
sometimes called actual cost of work performed (ACWP).
✔✔Cost variance (CV) - ✔✔Cost variance (CV) is a measure of project cost
performance. A variance is used to determine if costs are higher or lower than
budgeted.
✔✔risk - ✔✔A risk is an uncertain event or condition that, if it occurs, has an effect on at
least one project objective. Project risk is concerned with the expected value of one or
more results of one or more future project events. It's an uncertain condition that, if it
occurs, has an effect on at least one project objective. Objectives can be scope,
schedule, cost, or quality. Project risk is always projected into the future.
✔✔issue log - ✔✔Issues should be tracked in the issues log along with their status and
resolution. The issue log comes into play in the executing process.
✔✔Here are the steps required in constructing a project schedule: - ✔✔1. Determine
tasks. 2. Sequence tasks. 3. Allocate resources. 4. Determine task durations including
start and end dates. 5. Determine milestones. 6. Construct the schedule. 7. Determine
AND ANSWERS SURE A+
✔✔Who is responsible for completing backlog items and establishing estimates for the
work to fill the sprint period? - ✔✔Project Team
✔✔Product owner - ✔✔Product owner is the voice of the customer and determines the
backlog (also known as user stories) and prioritizes the backlog.
✔✔Scrum master - ✔✔Scrum master removes obstacles that stand in the way of the
team performing its role and provides education on the Agile process.
✔✔business case - ✔✔The business case documents the reasons for the project,
justification for the project, and how it fits in with the company objectives. It establishes
the justification for the project, how it aligns to the strategic goals of an organization,
and the business need or opportunity that brought about the project.
✔✔economic model includes - ✔✔An economic model includes discounted cash flow,
NPV (net present value), and IRR (internal rate of return).
✔✔Benefit measurement methods include - ✔✔Benefit measurement methods include
cost-benefit analysis, a scoring model, and a payback period.
✔✔What should you first do with a newly identified risk? - ✔✔Whenever a new risk is
identified, it's added to the risk register to document the risk and its characteristics.
✔✔risk register contains the following elements: - ✔✔List of identified risks & List of
potential responses
✔✔smoothing - ✔✔You reiterate the areas of agreement and avoid the areas of
disagreement.
, ✔✔Forcing - ✔✔Forcing is a win-lose conflict-resolution technique. In this technique,
one person forces a solution on the other parties.
✔✔Avoiding - ✔✔Avoiding can also be a lose-lose conflict technique, but it is not
temporary in nature and does not emphasize anything because one of the parties
leaves the discussions.
✔✔Confronting - ✔✔Confronting is a win-win conflict-resolution technique. In this
technique, fact-finding mission is performed.
✔✔Project Ending Types - ✔✔Extinction - Addition - Starvation - Integration
✔✔Cost performance index (CPI) - ✔✔Cost performance index (CPI) is a measure of
cost efficiency on a project. The CPI is the ratio of earned value to actual cost. It is used
to calculate performance efficiencies, as well as predict future performance in trend
analysis. The CPI is calculated using the following formula: CPI = Earned value (EV) /
Actual cost (AC). If the CPI value is greater than 1, it indicates better than expected
performance; if less than 1, it shows poor performance. A CPI value of 1 indicates that
the project is right on target.
✔✔Planned value (PV) - ✔✔Planned value (PV) is the authorized budget assigned to
scheduled work to be accomplished for a schedule activity or work breakdown structure
(WBS) component. PV is also called budgeted cost of work scheduled (BCWS).
✔✔Actual cost (AC) - ✔✔Actual cost (AC) is the total cost actually incurred and
recorded in accomplishing work performed during a given period for a schedule activity.
It's the cost of work and money spent to date, including direct and indirect costs. AC is
sometimes called actual cost of work performed (ACWP).
✔✔Cost variance (CV) - ✔✔Cost variance (CV) is a measure of project cost
performance. A variance is used to determine if costs are higher or lower than
budgeted.
✔✔risk - ✔✔A risk is an uncertain event or condition that, if it occurs, has an effect on at
least one project objective. Project risk is concerned with the expected value of one or
more results of one or more future project events. It's an uncertain condition that, if it
occurs, has an effect on at least one project objective. Objectives can be scope,
schedule, cost, or quality. Project risk is always projected into the future.
✔✔issue log - ✔✔Issues should be tracked in the issues log along with their status and
resolution. The issue log comes into play in the executing process.
✔✔Here are the steps required in constructing a project schedule: - ✔✔1. Determine
tasks. 2. Sequence tasks. 3. Allocate resources. 4. Determine task durations including
start and end dates. 5. Determine milestones. 6. Construct the schedule. 7. Determine
