C790 Nursing Informatics (WGU) Project Management 2024 exam retake questions and correct answers graded A+

project management - Answer-organizing and directing other people to achieve a planned result within a predetermined schedule and budget. oversight committee - Answer-clients and key managers who review the progress and direct the project Level of formality or ceremony - Answer-the rigor of holding formal meetings and producing detailed documentation Agile Project Management - Answer-a way of balancing flexibility and chaos: how to be agile and flexible while maintaining control of the project schedule, budget, and deliverables. agile time frame-difficult to create/maintain project schedule cost estimates are difficult to make, especially with a project in which the requirements are expected to change throughout. project manager controls cost quality management: each iteration has a deliverable. testing spread throughout project, also process evaluations of each iteration system vision document (SVD) - Answer-a document to help define the scope of a new system business benefits - Answer-the benefits that accrue to the organization; usually measured in dollars (part of SVD) system capabilities - Answer-the required capabilities of a new system; part of a System Vision Document (part of SVD) cost/benefit analysis - Answer-process of comparing costs and benefits to see whether investing in a new system will be beneficialnet present value (NPV) - Answer-the present value of dollar benefits and dollar costs of a particular investment break-even point - Answer-the point in time at which dollar benefits offset dollar costs payback period - Answer-the time period during which the dollar benefits offset the dollar costs tangible benefit - Answer-a benefit that can be measured or estimated in terms of dollars