PROJECT MANAGEMENT- C722 (2024-2025) EXAM
100% PASS
project sponsor - <<,Answers>>>The person in the project
organization who has authority to expend resources for
projects. Pg 48
Integration Management Plan - <<,Answers>>>Documents
how the various processes and planning areas will be kept in
sync throughout the project life cycle. Pg 49
Types of Project Management Plans -
<<,Answers>>>Integration, Scope, Risk, Procurement,
Communications, Human Resources, Stakeholder, Quality,
Cost, Time, Configuration, Change, Process Improvement,
Requirements
Postive Variance - <<,Answers>>>Term used when variances
show that the project is ahead of schedule Pg 136
Cost performance index (CPI) - <<,Answers>>>A measure of
the efficiency of expenses spent on a project
schedule performance index (SPI) - <<,Answers>>>Ratio that
creates a measure of time efficiency (EV / PV). Pg 137
To complete performance index (TCPI) -
<<,Answers>>>Ratio that states what the CPI will need to be
, PROJECT MANAGEMENT- C722 (2024-2025) EXAM
100% PASS
for the remainder of the project if the team intends to finish on
budget.
If project is under budget: (BAC - EV) / (BAC - AC)
If project is over budget: (BAC - EV) / ( EAC - AC)
percent complete index (PCI) - <<,Answers>>>A ratio
measurement of how much of the total project work has been
completed.
Budget (PCIB): When using original budget: EV / BAC
Cost (PCIC): When using new budget: AC / EAC
estimate to completion (ETC) - <<,Answers>>>estimate of
how much money will be needed to complete the project
(BAC - EV) / CPI.
estimate at completion (EAC) - <<,Answers>>>The forecast
of how much more the project is expected to cost to complete.
AC + ETC
, PROJECT MANAGEMENT- C722 (2024-2025) EXAM
100% PASS
Scope baseline - <<,Answers>>>Includes the project scope
statement, the Work Breakdown Structure (WBS), and the
WBS dictionary
Stage - <<,Answers>>>Each portion of a project
Deliverable - <<,Answers>>>The end result or the result of a
completed stage of an overall project
Stakeholder Management Plan - <<,Answers>>>Explains
how stakeholders will be identified along with their level of
interest in the project and influence over the project. This is
closely tied to the communications plan since stakeholders
will need varying levels and frequency of information. Pg 49
Statement of Work (SOW) - <<,Answers>>>Defines the
project's outcomes in terms of objectives, specific
deliverables, acceptance criteria, technical requirements,
milestones, constraints, and assumptions. Pg 81
Project Scope Statement - <<,Answers>>>Both the product
scope (description of the project outcomes) and the project
scope (description of how the work will be completed) are
included Pg 82
Requirements Traceability Matrix - <<,Answers>>>A grid
that includes the requirement, identifies the business need, and
the specific stakeholder who provided the requirement Pg 82
100% PASS
project sponsor - <<,Answers>>>The person in the project
organization who has authority to expend resources for
projects. Pg 48
Integration Management Plan - <<,Answers>>>Documents
how the various processes and planning areas will be kept in
sync throughout the project life cycle. Pg 49
Types of Project Management Plans -
<<,Answers>>>Integration, Scope, Risk, Procurement,
Communications, Human Resources, Stakeholder, Quality,
Cost, Time, Configuration, Change, Process Improvement,
Requirements
Postive Variance - <<,Answers>>>Term used when variances
show that the project is ahead of schedule Pg 136
Cost performance index (CPI) - <<,Answers>>>A measure of
the efficiency of expenses spent on a project
schedule performance index (SPI) - <<,Answers>>>Ratio that
creates a measure of time efficiency (EV / PV). Pg 137
To complete performance index (TCPI) -
<<,Answers>>>Ratio that states what the CPI will need to be
, PROJECT MANAGEMENT- C722 (2024-2025) EXAM
100% PASS
for the remainder of the project if the team intends to finish on
budget.
If project is under budget: (BAC - EV) / (BAC - AC)
If project is over budget: (BAC - EV) / ( EAC - AC)
percent complete index (PCI) - <<,Answers>>>A ratio
measurement of how much of the total project work has been
completed.
Budget (PCIB): When using original budget: EV / BAC
Cost (PCIC): When using new budget: AC / EAC
estimate to completion (ETC) - <<,Answers>>>estimate of
how much money will be needed to complete the project
(BAC - EV) / CPI.
estimate at completion (EAC) - <<,Answers>>>The forecast
of how much more the project is expected to cost to complete.
AC + ETC
, PROJECT MANAGEMENT- C722 (2024-2025) EXAM
100% PASS
Scope baseline - <<,Answers>>>Includes the project scope
statement, the Work Breakdown Structure (WBS), and the
WBS dictionary
Stage - <<,Answers>>>Each portion of a project
Deliverable - <<,Answers>>>The end result or the result of a
completed stage of an overall project
Stakeholder Management Plan - <<,Answers>>>Explains
how stakeholders will be identified along with their level of
interest in the project and influence over the project. This is
closely tied to the communications plan since stakeholders
will need varying levels and frequency of information. Pg 49
Statement of Work (SOW) - <<,Answers>>>Defines the
project's outcomes in terms of objectives, specific
deliverables, acceptance criteria, technical requirements,
milestones, constraints, and assumptions. Pg 81
Project Scope Statement - <<,Answers>>>Both the product
scope (description of the project outcomes) and the project
scope (description of how the work will be completed) are
included Pg 82
Requirements Traceability Matrix - <<,Answers>>>A grid
that includes the requirement, identifies the business need, and
the specific stakeholder who provided the requirement Pg 82
