WGU C722 Project Management | Pre-Assessment, Terminology & Equations Study Guide
A firm begins its strategic business initiative of Interdependent Tasks
developing a new business model that will allow the firm
to deliver an efficient, tailored service to its customers.
To accomplish this, the firm initiates a business
management project. Which aspect of project
management applies to this firm's project?
A firm begins its strategic business initiative of Improvement in product design
developing a new business model to enhance its
competitiveness. What can be identified as a strategic
business initiative for this firm?
A firm begins a strategic business initiative of developing Project sponsor
a new business model that will allow the firm to deliver
an efficient, tailored service to its customers.
Which group is included in the five process groups? Closing process group
What does PRINCE2 stand for? PRojects IN a Controlled Environment
Which PMBOK process group is described as the Executing
delivery part of project management where the main
activity happens?
Which advantage does the functional (departmentalized) Lines of authority are clear.
organizational structure provide for a firm with multiple
projects?
Which two organizations are examples of organizations (1) The U.S. Department of State and (2) The U.S Department of Energy
with the functional organizational structure?
An organization expects to use a project management Project team members gain access to historical data from other projects.
office (PMO) to support multiple projects that will be
implemented within a projectized organizational
structure. Which implied effect is a benefit to this
organization?
Regardless of the organizational structure used to Projects will coordinate resource usage by monitoring the status of shared
manage a project, an organization elects to use a project resources.
management office (PMO). Which benefit will this
organization gain?
During a certain project phase, specific blueprints are Planning
drawn and approved, materials and labor costs are
estimated, prototypes are created, and work activities
and tasks are identified. Also, quality expectations,
measurements, and costs are defined. During which
project phase do these activities occur?
Place the project activities in order of occurrence from (1) Collecting customer requirements (2) Developing the work breakdown
first (1) to last (5). structure (3) Working to produce project deliverables (4) Customers evaluating
the project outcomes (5) Capturing lessons learned
During which life cycle phase is the vast majority of the Executing
actual work to produce the project's deliverables
completed?
What is the correct term for an intermediate outcome of Deliverable
project work, such as a signed contract or obtaining a
construction permit?
, WGU C722 Project Management | Pre-Assessment, Terminology & Equations Study Guide
Which deliverable from a work breakdown structure User training
(WBS) is not specific enough to measure its completion
at project closure?
The following table shows the Level 1 work breakdown Sequence of project phases
structure (WBS) for Project A.
WBS ID Description
0.0 Project A
1.0 Project started
2.0 Feasiblity
3.0 Design
4.0 Development
5.0 Manufacturing
6.0 Distribution
7.0 Project completed
Which approach did the project manager use to structure
the WBS?
For the following collapsed work breakdown structure WBS dictionary and project scope statement
(WBS) for Project O, the project manager must complete
the scope baseline. In addition to the WBS, the scope
baseline will contain two additional documents.
WBS ID Description
0.0 Project O
1.0 Project started
2.0 Feasibility
3.0 Design
4.0 Development
5.0 Manufacturing
6.0 Distribution
7.0 Project completed
What are the other two documents that belong in the
scope baseline?
For the following collapsed work breakdown structure Terminating the project as soon as possible and releasing the project's resources
(WBS) for Project O, the project's steering committee
held a phase gate review of the Feasibility results. That
review determined that the project's proposed design
would be obsolete before it would reach the marketplace.
WBS ID Description
0.0 Project O
1.0 Project started
2.0 Feasibility
3.0 Design
4.0 Development
5.0 Manufacturing
6.0 Distribution
7.0 Project completed
Which action should the project manager initiate?
A project is an operational necessity to repair a design Scope creep has caused a scope variance.
flaw in the date field that constrains the year number to
two digits, instead of permitting the year to be indicated
with four digits. If the project is not completed before
December 31, 1999, many legacy programs are
expected to fail or produce unpredictable outcomes. The
marketing department wants to upgrade its existing
computer equipment and have the costs included in the
budget for this project. The project team implemented
the marketing department's request without completing
the formal change control procedures.
What has happened to the scope baseline in this
scenario?
A general contractor is managing a highway construction Scope
project that will repair a flood-damaged road. The project
was documented in a cost-plus-incentive fee contract
that specified a completion date of June 30. The
Department of Transportation has offered an incentive
for early completion of the repairs.
Which triple-constraint baseline remains unchanged by
the effects of the incentive?
, WGU C722 Project Management | Pre-Assessment, Terminology & Equations Study Guide
In Project A, the contract specifies that time is very Cost
important. All of the scope must be completed, or the
project will fail. The project's objective requires the
project team to work as quickly as possible.
Which triple constraint can be adjusted to permit the
project team to work as quickly as possible?
In Project B, all of the scope must be completed, or the Time
project will fail. The work is important but not urgent.
Which triple constraint can be adjusted if the project's
objective requires the project team to work at the lowest
possible cost?
A project manager is discussing the latest financial Competitive necessity
reports of a project to construct a grocery store and is
approximately 90% into the planning phase. The project
manager has been told by a project team member that
other grocery stores in the area have an automated teller
machine (ATM) for visitors. An ATM has not been
discussed or incorporated into the planning of this project
nor have any been incorporated into prior grocery store
services. The leader calls for the immediate addition of
an ATM into all prior grocery stores.
Which non-numeric model is this leader using?
An organization has a surplus of project dollars in the Sacred cow
operating budget. The senior leader's decision is to fund
one more project with the remaining funds. Of the three
projects proposed, one of the projects was selected
without evaluation of feasibility or viability.
Which non-numeric model is this leader using?
Each project team member generated a series of (1) Operational impact has been built in (2) Strategic impact has been integrated.
questions to evaluate three projects. The checklist was
compiled into one list based on frequency of question
content, such as personnel, materials, experience, and
time. The more frequent the question content, the more
likely the questions would be asked first.
Which two benefits result from this checklist approach?
Each project team member generated a series of Biases have not been eliminated.
questions to evaluate three projects. A checklist was then
compiled into one list based on the frequency of question
content, such as personnel, materials, experience, and
time.
What is a disadvantage of using this checklist approach?
To calculate money's worth today compared to in the Time value of money
future
To calculate future cash flows using time and interest Internal rate of return
rate
To calculate whether revenue tomorrow is greater than Net present value
costs today
To calculate the alternative use of money Opportunity cost
What is the time value of money? The concept that a dollar today is worth a dollar, but a dollar in a year will be
worth less than a dollar
, WGU C722 Project Management | Pre-Assessment, Terminology & Equations Study Guide
What is internal rate of return? The discount amount when present value of cash intake equals the original
investment
Which two processes are considered iterative (1) Planning (2) Executing
processes?
Which activity is accomplished as part of the planning Finalizing the project budget
process of a project?
Which activity is accomplished as part of the planning Finalizing the project schedule
process of a project?
Which activity is accomplished during the closing Reconciling the vendor accounts
process of a project?
Which activity is performed during the creating part of the Drafting the project charter
initiating process?
Which activity is accomplished as part of the executing Implementing the project plan
process of a project?
Which process involves determining who the project's The initiating process
stakeholders are?
What information does this resource histogram display Opportunities to level resource usage patterns
that can help during the planning phase of the project?
Which tool could a project manager use to ensure that Checklist
the project team will address the items that are important
when developing and defining the project's scope?
A project manager wants to understand and document (1) Project statement of work (SOW) (2) Requirements traceability matrix (RAM)
the approvals that must be obtained for each work
package in the work breakdown structure (WBS).
Which tools document the approval requirements for
each work package?
The general manager of a hotel has asked for a project 1.5.1 Lay sod
to put in new landscaping around the building. The
project manager has constructed a high-level work
breakdown structure (WBS) for the project, which is
provided below.
WBS ID Description
1.0 Landscaping
1.1 Plans
1.2 Site preparation
1.3 Sprinklers
1.4 Sidewalks and curbing
1.5 Planting
Which activity would it be logical to add to the approved
high-level WBS to provide more detail on the work to be
accomplished?
A firm begins its strategic business initiative of Interdependent Tasks
developing a new business model that will allow the firm
to deliver an efficient, tailored service to its customers.
To accomplish this, the firm initiates a business
management project. Which aspect of project
management applies to this firm's project?
A firm begins its strategic business initiative of Improvement in product design
developing a new business model to enhance its
competitiveness. What can be identified as a strategic
business initiative for this firm?
A firm begins a strategic business initiative of developing Project sponsor
a new business model that will allow the firm to deliver
an efficient, tailored service to its customers.
Which group is included in the five process groups? Closing process group
What does PRINCE2 stand for? PRojects IN a Controlled Environment
Which PMBOK process group is described as the Executing
delivery part of project management where the main
activity happens?
Which advantage does the functional (departmentalized) Lines of authority are clear.
organizational structure provide for a firm with multiple
projects?
Which two organizations are examples of organizations (1) The U.S. Department of State and (2) The U.S Department of Energy
with the functional organizational structure?
An organization expects to use a project management Project team members gain access to historical data from other projects.
office (PMO) to support multiple projects that will be
implemented within a projectized organizational
structure. Which implied effect is a benefit to this
organization?
Regardless of the organizational structure used to Projects will coordinate resource usage by monitoring the status of shared
manage a project, an organization elects to use a project resources.
management office (PMO). Which benefit will this
organization gain?
During a certain project phase, specific blueprints are Planning
drawn and approved, materials and labor costs are
estimated, prototypes are created, and work activities
and tasks are identified. Also, quality expectations,
measurements, and costs are defined. During which
project phase do these activities occur?
Place the project activities in order of occurrence from (1) Collecting customer requirements (2) Developing the work breakdown
first (1) to last (5). structure (3) Working to produce project deliverables (4) Customers evaluating
the project outcomes (5) Capturing lessons learned
During which life cycle phase is the vast majority of the Executing
actual work to produce the project's deliverables
completed?
What is the correct term for an intermediate outcome of Deliverable
project work, such as a signed contract or obtaining a
construction permit?
, WGU C722 Project Management | Pre-Assessment, Terminology & Equations Study Guide
Which deliverable from a work breakdown structure User training
(WBS) is not specific enough to measure its completion
at project closure?
The following table shows the Level 1 work breakdown Sequence of project phases
structure (WBS) for Project A.
WBS ID Description
0.0 Project A
1.0 Project started
2.0 Feasiblity
3.0 Design
4.0 Development
5.0 Manufacturing
6.0 Distribution
7.0 Project completed
Which approach did the project manager use to structure
the WBS?
For the following collapsed work breakdown structure WBS dictionary and project scope statement
(WBS) for Project O, the project manager must complete
the scope baseline. In addition to the WBS, the scope
baseline will contain two additional documents.
WBS ID Description
0.0 Project O
1.0 Project started
2.0 Feasibility
3.0 Design
4.0 Development
5.0 Manufacturing
6.0 Distribution
7.0 Project completed
What are the other two documents that belong in the
scope baseline?
For the following collapsed work breakdown structure Terminating the project as soon as possible and releasing the project's resources
(WBS) for Project O, the project's steering committee
held a phase gate review of the Feasibility results. That
review determined that the project's proposed design
would be obsolete before it would reach the marketplace.
WBS ID Description
0.0 Project O
1.0 Project started
2.0 Feasibility
3.0 Design
4.0 Development
5.0 Manufacturing
6.0 Distribution
7.0 Project completed
Which action should the project manager initiate?
A project is an operational necessity to repair a design Scope creep has caused a scope variance.
flaw in the date field that constrains the year number to
two digits, instead of permitting the year to be indicated
with four digits. If the project is not completed before
December 31, 1999, many legacy programs are
expected to fail or produce unpredictable outcomes. The
marketing department wants to upgrade its existing
computer equipment and have the costs included in the
budget for this project. The project team implemented
the marketing department's request without completing
the formal change control procedures.
What has happened to the scope baseline in this
scenario?
A general contractor is managing a highway construction Scope
project that will repair a flood-damaged road. The project
was documented in a cost-plus-incentive fee contract
that specified a completion date of June 30. The
Department of Transportation has offered an incentive
for early completion of the repairs.
Which triple-constraint baseline remains unchanged by
the effects of the incentive?
, WGU C722 Project Management | Pre-Assessment, Terminology & Equations Study Guide
In Project A, the contract specifies that time is very Cost
important. All of the scope must be completed, or the
project will fail. The project's objective requires the
project team to work as quickly as possible.
Which triple constraint can be adjusted to permit the
project team to work as quickly as possible?
In Project B, all of the scope must be completed, or the Time
project will fail. The work is important but not urgent.
Which triple constraint can be adjusted if the project's
objective requires the project team to work at the lowest
possible cost?
A project manager is discussing the latest financial Competitive necessity
reports of a project to construct a grocery store and is
approximately 90% into the planning phase. The project
manager has been told by a project team member that
other grocery stores in the area have an automated teller
machine (ATM) for visitors. An ATM has not been
discussed or incorporated into the planning of this project
nor have any been incorporated into prior grocery store
services. The leader calls for the immediate addition of
an ATM into all prior grocery stores.
Which non-numeric model is this leader using?
An organization has a surplus of project dollars in the Sacred cow
operating budget. The senior leader's decision is to fund
one more project with the remaining funds. Of the three
projects proposed, one of the projects was selected
without evaluation of feasibility or viability.
Which non-numeric model is this leader using?
Each project team member generated a series of (1) Operational impact has been built in (2) Strategic impact has been integrated.
questions to evaluate three projects. The checklist was
compiled into one list based on frequency of question
content, such as personnel, materials, experience, and
time. The more frequent the question content, the more
likely the questions would be asked first.
Which two benefits result from this checklist approach?
Each project team member generated a series of Biases have not been eliminated.
questions to evaluate three projects. A checklist was then
compiled into one list based on the frequency of question
content, such as personnel, materials, experience, and
time.
What is a disadvantage of using this checklist approach?
To calculate money's worth today compared to in the Time value of money
future
To calculate future cash flows using time and interest Internal rate of return
rate
To calculate whether revenue tomorrow is greater than Net present value
costs today
To calculate the alternative use of money Opportunity cost
What is the time value of money? The concept that a dollar today is worth a dollar, but a dollar in a year will be
worth less than a dollar
, WGU C722 Project Management | Pre-Assessment, Terminology & Equations Study Guide
What is internal rate of return? The discount amount when present value of cash intake equals the original
investment
Which two processes are considered iterative (1) Planning (2) Executing
processes?
Which activity is accomplished as part of the planning Finalizing the project budget
process of a project?
Which activity is accomplished as part of the planning Finalizing the project schedule
process of a project?
Which activity is accomplished during the closing Reconciling the vendor accounts
process of a project?
Which activity is performed during the creating part of the Drafting the project charter
initiating process?
Which activity is accomplished as part of the executing Implementing the project plan
process of a project?
Which process involves determining who the project's The initiating process
stakeholders are?
What information does this resource histogram display Opportunities to level resource usage patterns
that can help during the planning phase of the project?
Which tool could a project manager use to ensure that Checklist
the project team will address the items that are important
when developing and defining the project's scope?
A project manager wants to understand and document (1) Project statement of work (SOW) (2) Requirements traceability matrix (RAM)
the approvals that must be obtained for each work
package in the work breakdown structure (WBS).
Which tools document the approval requirements for
each work package?
The general manager of a hotel has asked for a project 1.5.1 Lay sod
to put in new landscaping around the building. The
project manager has constructed a high-level work
breakdown structure (WBS) for the project, which is
provided below.
WBS ID Description
1.0 Landscaping
1.1 Plans
1.2 Site preparation
1.3 Sprinklers
1.4 Sidewalks and curbing
1.5 Planting
Which activity would it be logical to add to the approved
high-level WBS to provide more detail on the work to be
accomplished?
