WGU C722: In-Depth Review of Unit 2 Project Management Concepts
Operations - correct answer ✔✔____________ are the ongoing, daily activities of an organization that
produces revenue and expense.
project - correct answer ✔✔A ________ is an activity or group of activities to generate a new, unique
product, service, or results.
portfolio - correct answer ✔✔A _______ is a group of related programs that support a long-term
company goal or objective.
Business strategy - correct answer ✔✔_______ consists of the activities, methods, tactics, etc. that will
be employed to meet the business's goals. These may include:
- increased market share and profitability through entry into a new market segment,
- customer retention by best customer services in the industry,
- compliance with new and revised government requirements, and
- reduced costs by providing best tools and systems to operational personnel.
program - correct answer ✔✔A _______ is a group of related projects.
Project Management - correct answer ✔✔_______ is the application of knowledge, skills, tools and
techniques to ensure the project meets the goals.
Phases of the Project Life Cycle - correct answer ✔✔Defining, Planning, executing and closing are
_______.
project defining phase - correct answer ✔✔The idea for the project is formalized into a project proposal
and the decision on whether the project will be selected for implementation is made during the
_______.
project planning phase - correct answer ✔✔Detailed planning occurs during the ______.
, project executing phase - correct answer ✔✔The bulk of the work to complete the project outcomes
occurs during the ________.
project closing phase - correct answer ✔✔The _________ of the project occurs when the project is
completed to the customers' satisfaction.
triple constraint - correct answer ✔✔The ______ includes the cost (budget), schedule (time), and scope
(deliverables).
Project Manager (PM) - correct answer ✔✔The __________ is responsible and accountable for
managing the project to maximize its success
Functional (Departmentalized) - correct answer ✔✔The ___________ is the oldest and most basic form
of organization. It is the type of organization most often represented in corporation shareholder reports
Business scenario - correct answer ✔✔A ______________ represents an important business need or
issue and provides an opportunity for others to create an appropriate, valuable solution
Project objectives - correct answer ✔✔___________ are typically determined by the project sponsor
and are intended to be very specific in order to appropriately communicate project expectations. SMART
Active listening - correct answer ✔✔__________ is important to understanding what others are saying
both verbally and non-verbally and for effective project management
Stakeholder engagement - correct answer ✔✔___________ is the process of communicating and
interacting with stakeholders in a way that keeps them interested and focused on their involvement in
the project
Team status reports - correct answer ✔✔___________ are often updated in an online collaboration tool
and published weekly
Operations - correct answer ✔✔____________ are the ongoing, daily activities of an organization that
produces revenue and expense.
project - correct answer ✔✔A ________ is an activity or group of activities to generate a new, unique
product, service, or results.
portfolio - correct answer ✔✔A _______ is a group of related programs that support a long-term
company goal or objective.
Business strategy - correct answer ✔✔_______ consists of the activities, methods, tactics, etc. that will
be employed to meet the business's goals. These may include:
- increased market share and profitability through entry into a new market segment,
- customer retention by best customer services in the industry,
- compliance with new and revised government requirements, and
- reduced costs by providing best tools and systems to operational personnel.
program - correct answer ✔✔A _______ is a group of related projects.
Project Management - correct answer ✔✔_______ is the application of knowledge, skills, tools and
techniques to ensure the project meets the goals.
Phases of the Project Life Cycle - correct answer ✔✔Defining, Planning, executing and closing are
_______.
project defining phase - correct answer ✔✔The idea for the project is formalized into a project proposal
and the decision on whether the project will be selected for implementation is made during the
_______.
project planning phase - correct answer ✔✔Detailed planning occurs during the ______.
, project executing phase - correct answer ✔✔The bulk of the work to complete the project outcomes
occurs during the ________.
project closing phase - correct answer ✔✔The _________ of the project occurs when the project is
completed to the customers' satisfaction.
triple constraint - correct answer ✔✔The ______ includes the cost (budget), schedule (time), and scope
(deliverables).
Project Manager (PM) - correct answer ✔✔The __________ is responsible and accountable for
managing the project to maximize its success
Functional (Departmentalized) - correct answer ✔✔The ___________ is the oldest and most basic form
of organization. It is the type of organization most often represented in corporation shareholder reports
Business scenario - correct answer ✔✔A ______________ represents an important business need or
issue and provides an opportunity for others to create an appropriate, valuable solution
Project objectives - correct answer ✔✔___________ are typically determined by the project sponsor
and are intended to be very specific in order to appropriately communicate project expectations. SMART
Active listening - correct answer ✔✔__________ is important to understanding what others are saying
both verbally and non-verbally and for effective project management
Stakeholder engagement - correct answer ✔✔___________ is the process of communicating and
interacting with stakeholders in a way that keeps them interested and focused on their involvement in
the project
Team status reports - correct answer ✔✔___________ are often updated in an online collaboration tool
and published weekly
