WGU BUSUNESS 722 PROJECT MANAGEMENT FINAL ASSESSMENT TEST SOLUTIONS FOR FALL SESSION EXAM.

WGU BUSUNESS 722 FINAL ASSESSMENT TEST SOLUTIONS FOR FALL SESSION EXAM. Status: Passed 1. A firm begins its strategic business initiative of 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? YOUR ANSWER CORRECT ANSWER Independent operations Interdependent tasks Regulatory concept External environment 2. A firm begins its strategic business initiative of developing a new business model to enhance its competitiveness. What can be identified as a strategic business initiative for this firm? YOUR ANSWER CORRECT ANSWER Timely payment of liabilities Liaison with regulatory agencies Improvement in product design Environmental scanning 3. A firm begins a strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers. Which stakeholder would have triggered this strategic business initiative? YOUR ANSWER CORRECT ANSWER Director of operations Accessibility Policy Accessibility Settings Production supervisor Project sponsor Financial controller 4. Which group is included in the five process groups? YOUR ANSWER CORRECT ANSWER Risk process group Closing process group Communication process group Quality process group 5. What does PRINCE2 stand for? YOUR ANSWER CORRECT ANSWER PRoject INsights for CompEtitiveness PRojects IN a Competitive Environment PRoject INsights and CompEtencies PRojects IN a Controlled Environment 6. Which PMBOK process group is described as the delivery part of project management where the main activity happens? YOUR ANSWER CORRECT ANSWER Planning Executing Controlling Closing 7. Which advantage does the functional (departmentalized) organizational structure provide for a firm with multiple projects? YOUR ANSWER CORRECT ANSWER Lines of authority are clear. The project customer is the only focus. It is efficient for collaboration and cooperation between departments. Each project is managed holistically. 8. Which two organizations are examples of organizations with the functional organizational structure? Choose 2 answers YOUR ANSWER CORRECT ANSWER Microsoft The U.S. Department of State The U.S. National Aeronautics and Space Administration (NASA) The U.S Department of Energy Google Inc. 9. An organization expects to use a project management office (PMO) to support multiple projects that will be implemented within a projectized organizational structure. Which implied effect is a benefit to this organization? YOUR ANSWER CORRECT ANSWER Project team members retain their functional responsibilities. Project team members become full-time employees. Project team members gain access to the newest technologies and skill sets. Project team members gain access to historical data from other projects. 10. Regardless of the organizational structure used to manage a project, an organization elects to use a project management office (PMO). Which benefit will this organization gain? YOUR ANSWER CORRECT ANSWER Projects will coordinate resource usage by monitoring the status of shared resources. Projects will define the organization’s corporate strategy in the project charter. Projects will receive a 10% managerial reserve fund to cover warranty back charges. Projects will eliminate the costs incurred from having to follow corporate procedures. 11. During a certain project phase, specific blueprints are 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? YOUR ANSWER CORRECT ANSWER Defining Planning Executing Closing 12. Place the project activities in order of occurrence from first (1) to last (5). Select your answer from the pull-down list. YOUR ANSWER CORRECT ANSWER Developing the work 2 2 breakdown structure Capturing lessons learned 5 5 Working to produce project deliverables 3 3 Collecting customer 1 1 requirements Customers evaluating the 4 4 project outcomes 13. During which life cycle phase is the vast majority of the actual work to produce the project’s deliverables completed? YOUR ANSWER CORRECT ANSWER Defining