WGU C722 Project Management: Test 2 for Exam Preparation
A manufacturing company is reviewing potential projects for the coming year based on the CEO's
request to reduce overhead costs. Which of the following projects would best align with the company's
desired business strategy? - correct answer ✔✔Replacing warehouse lighting with higher efficiency
bulbs and motion sensors
An office supply store is starting a project to provide a new service to their customers. Which of the
following strategic goals would be achieved by this project? - correct answer ✔✔Increasing the delivery
area served by existing locations
Which of the following would a firm establish to organize needed changes to support a long-term goal or
objective? - correct answer ✔✔Portfolio
Which of the following are project management organizations or standards commonly used by
companies to structure their project management processes? - correct answer ✔✔PMBOK
PRINCE@
Which organization oversees the PMP certification? - correct answer ✔✔PMI
Which of the following is a knowledge area of the PMBOK? - correct answer ✔✔Risk Management
Which of the following is the highest level of project management maturity for an organization according
to the OPM3? - correct answer ✔✔Sustained
What is an important benefit of a company establishing a PMO? - correct answer ✔✔Documents best
practices, lessons learned, and project costs
Documents best practices, lessons learned, and project costs - correct answer ✔✔Clarity regarding who
is in charge and who answers to whom
, A weak matrix organizational structure is most similar to which of the following? - correct answer
✔✔Departmental
A small company without a PMO is planning on only doing two projects next year and cannot afford to
hire a consultant. As they consider how to prioritize among several proposed projects, what is a criterion
that will drive the model used to select the top projects? - correct answer ✔✔Low cost
Executives at a small regional hospital are working to prioritize projects for the coming year. Due to
election-year discussions surrounding the future of several government healthcare programs, they are
worried about selecting a project that will become obsolete. What project selection model would help
them choose the best projects in spite of changing conditions? - correct answer ✔✔Flexible
A chain of grocery stores undertakes a project to replace card readers in their checkout lines with a new
technology consistent with current banking regulations and encryption standards since the old
technology is being phased out by their bank. What project selection model is being utilized in this
situation? - correct answer ✔✔Operating necessity
A newly established PMO asks management, employees, and project management staff to submit
questions to be used as criteria for prioritizing projects. They plan to use all submitted questions and
weight them based on how many people submit the same question. What type of project selection
model is being used? - correct answer ✔✔Checklist
A newly established PMO asks management, employees, and project management staff to submit
questions to be used as criteria for prioritizing projects. They plan to use all submitted questions and
weight them based on how many people submit the same question. What is the benefit of using this
approach? - correct answer ✔✔Project impact to all departments will be considered
Which of the following measures calculates the amount of time it should take to recoup the cost to
implement a project? - correct answer ✔✔Payback Period
While comparing proposed projects for next quarter, management tells the PMO not to worry about
how long it takes to earn back the cost of the selected projects but rather to focus on maximizing the
amount of money earned or saved over the long term. What numeric selection model is being used? -
correct answer ✔✔Return on Investment
A manufacturing company is reviewing potential projects for the coming year based on the CEO's
request to reduce overhead costs. Which of the following projects would best align with the company's
desired business strategy? - correct answer ✔✔Replacing warehouse lighting with higher efficiency
bulbs and motion sensors
An office supply store is starting a project to provide a new service to their customers. Which of the
following strategic goals would be achieved by this project? - correct answer ✔✔Increasing the delivery
area served by existing locations
Which of the following would a firm establish to organize needed changes to support a long-term goal or
objective? - correct answer ✔✔Portfolio
Which of the following are project management organizations or standards commonly used by
companies to structure their project management processes? - correct answer ✔✔PMBOK
PRINCE@
Which organization oversees the PMP certification? - correct answer ✔✔PMI
Which of the following is a knowledge area of the PMBOK? - correct answer ✔✔Risk Management
Which of the following is the highest level of project management maturity for an organization according
to the OPM3? - correct answer ✔✔Sustained
What is an important benefit of a company establishing a PMO? - correct answer ✔✔Documents best
practices, lessons learned, and project costs
Documents best practices, lessons learned, and project costs - correct answer ✔✔Clarity regarding who
is in charge and who answers to whom
, A weak matrix organizational structure is most similar to which of the following? - correct answer
✔✔Departmental
A small company without a PMO is planning on only doing two projects next year and cannot afford to
hire a consultant. As they consider how to prioritize among several proposed projects, what is a criterion
that will drive the model used to select the top projects? - correct answer ✔✔Low cost
Executives at a small regional hospital are working to prioritize projects for the coming year. Due to
election-year discussions surrounding the future of several government healthcare programs, they are
worried about selecting a project that will become obsolete. What project selection model would help
them choose the best projects in spite of changing conditions? - correct answer ✔✔Flexible
A chain of grocery stores undertakes a project to replace card readers in their checkout lines with a new
technology consistent with current banking regulations and encryption standards since the old
technology is being phased out by their bank. What project selection model is being utilized in this
situation? - correct answer ✔✔Operating necessity
A newly established PMO asks management, employees, and project management staff to submit
questions to be used as criteria for prioritizing projects. They plan to use all submitted questions and
weight them based on how many people submit the same question. What type of project selection
model is being used? - correct answer ✔✔Checklist
A newly established PMO asks management, employees, and project management staff to submit
questions to be used as criteria for prioritizing projects. They plan to use all submitted questions and
weight them based on how many people submit the same question. What is the benefit of using this
approach? - correct answer ✔✔Project impact to all departments will be considered
Which of the following measures calculates the amount of time it should take to recoup the cost to
implement a project? - correct answer ✔✔Payback Period
While comparing proposed projects for next quarter, management tells the PMO not to worry about
how long it takes to earn back the cost of the selected projects but rather to focus on maximizing the
amount of money earned or saved over the long term. What numeric selection model is being used? -
correct answer ✔✔Return on Investment
