WGU C783 - Project Management – Terms | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+

WGU C783 - Project Management – Terms | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ Question ☑ Answer Application areas The areas of expertise, industry, or function where a project is centered. Examples of application areas include architecture, IT, health care, and manufacturing. Business value A quantifiable return on investment. The return can be tangible, such as equipment, money, or market share. The return can also be intangible, such as brand recognition, trademarks, and reputation. Cultural and social environmentType of environment; Defines how a project affects people and how those people may affect the project. Includes the economic, educational, ethical, religious, demographic, and ethnic composition of the people affected by the project. Deliverable A product, service, or result created by a project. Projects can have multiple of these. General management skills These include the application of accounting, procurement, sales and marketing, contracting, manufacturing, logistics, strategic planning, human resource management, standards and regulations, and information technology. International and political environment Type of environment; The consideration of the local and international laws, languages, communication challenges, time zone differences, and other non-collocated issues that affect a project's ability to progress. Interpersonal skill