WGU C954 Section 4
2025-2026
Final Exam Questions with
Verified Answers | Grade A+ |
New Version
, Don't know?
Terms in this set (121)
Why would a project require an executive sponsor To provide financial resources for a project
according to the Project Management Institute (PMI)?
What is a program evaluation and review technique A graphical network model that depicts a project's tasks and the relationships
(PERT) chart? between those tasks
Which factor is a primary reason for project failure? The balance of the triple constraints
What is agile methodology? A methodology that aims for customer satisfaction through early and continual
delivery of useful software components developed by an iterative process with
a design point that uses the bare minimum requirements
What is waterfall methodology? A sequence of phases in which the output of each phase becomes the input for
the next
What is the systems development life cycle (SDLC)? The overall process for developing information systems, from planning and
analysis through implementation and maintenance
What is the definition of project scope? The need, justification, requirements, and current boundaries for a project
What is a value chain analysis? A business tool that views a firm as a series of business processes that add
value to a product or service
What is the definition of Porter's three generic A business strategy involving methods that are neither organization- nor
strategies? industry-specific and can be applied to any business, product, or service
What is an assessment of the competitive forces within Porter's five forces model
the environment in which a company operates to
evaluate the potential for profitability in an industry?
What is a SWOT analysis? An evaluation of an organization's strengths, weaknesses, opportunities, and
threats to identify significant influences that work for or against business
strategies
Which supply chain activity includes building Source
relationships with suppliers to procure raw materials?
2025-2026
Final Exam Questions with
Verified Answers | Grade A+ |
New Version
, Don't know?
Terms in this set (121)
Why would a project require an executive sponsor To provide financial resources for a project
according to the Project Management Institute (PMI)?
What is a program evaluation and review technique A graphical network model that depicts a project's tasks and the relationships
(PERT) chart? between those tasks
Which factor is a primary reason for project failure? The balance of the triple constraints
What is agile methodology? A methodology that aims for customer satisfaction through early and continual
delivery of useful software components developed by an iterative process with
a design point that uses the bare minimum requirements
What is waterfall methodology? A sequence of phases in which the output of each phase becomes the input for
the next
What is the systems development life cycle (SDLC)? The overall process for developing information systems, from planning and
analysis through implementation and maintenance
What is the definition of project scope? The need, justification, requirements, and current boundaries for a project
What is a value chain analysis? A business tool that views a firm as a series of business processes that add
value to a product or service
What is the definition of Porter's three generic A business strategy involving methods that are neither organization- nor
strategies? industry-specific and can be applied to any business, product, or service
What is an assessment of the competitive forces within Porter's five forces model
the environment in which a company operates to
evaluate the potential for profitability in an industry?
What is a SWOT analysis? An evaluation of an organization's strengths, weaknesses, opportunities, and
threats to identify significant influences that work for or against business
strategies
Which supply chain activity includes building Source
relationships with suppliers to procure raw materials?
