WGU C954 Exam| 123 Questions with Verified
Solutions
Why would a project require an executive sponsor according to the Project Management
Institute (PMI)?
To provide financial resources for a project
What is a program evaluation and review technique (PERT) chart?
A graphical network model that depicts a project's tasks and the relationships between those
tasks
Which factor is a primary reason for project failure?
The balance of the triple constraints
What is agile methodology?
A methodology that aims for customer satisfaction through early and continual delivery of
useful software components developed by an iterative process with a design point that uses the
bare minimum requirements
What is waterfall methodology?
A sequence of phases in which the output of each phase becomes the input for the next
What is the systems development life cycle (SDLC)?
The overall process for developing information systems, from planning and analysis through
implementation and maintenance
What is the definition of project scope?
The need, justification, requirements, and current boundaries for a project
What is a value chain analysis?
,A business tool that views a firm as a series of business processes that add value to a product or
service
What is the definition of Porter's three generic strategies?
A business strategy involving methods that are neither organization- nor industry-specific and
can be applied to any business, product, or service
What is an assessment of the competitive forces within the environment in which a company
operates to evaluate the potential for profitability in an industry?
Porter's five forces model
What is a SWOT analysis?
An evaluation of an organization's strengths, weaknesses, opportunities, and threats to identify
significant influences that work for or against business strategies
Which supply chain activity includes building relationships with suppliers to procure raw
materials?
Source
supplier power
The supplier's ability to influence the price they charge for supplies, including material labor
and service
threat of substitute products or services
This is high when there are many alternatives to a product or service and low when they are a
few alternatives from which to choose.
workflow control systems
Monitors processes to ensure tasks, activities, and responsibilities are executed as specified
static process
, Continuously uses a systematic approach in an attempt to improve business effectiveness and
efficiency
dynamic
Continuously changing and providing business solutions to ever-changing business operations
business process reengineering (BPR)
The analysis and redesign of workflows within and between enterprises
customer-facing process
Results in a product or service that is received by an organization's external customer
business process modeling or mapping
The activity of creating a detailed flowchart or process map of a work process, showing its input
task and activities in a structured sequence
business process model
A graphic description of a process, showing the sequence and process task, which is developed
for a specific purpose and from a selected viewpoint
business process model and notation (BPMN)
A graphical notation that depicts the steps in a business process
as-is process model
Represents the current state of the operation that has been mapped without any specific
improvements or changes to existing processes
to-be process model
Shows the results of applying change improvement opportunities to the current as-is process
model
swim lane diagram
Solutions
Why would a project require an executive sponsor according to the Project Management
Institute (PMI)?
To provide financial resources for a project
What is a program evaluation and review technique (PERT) chart?
A graphical network model that depicts a project's tasks and the relationships between those
tasks
Which factor is a primary reason for project failure?
The balance of the triple constraints
What is agile methodology?
A methodology that aims for customer satisfaction through early and continual delivery of
useful software components developed by an iterative process with a design point that uses the
bare minimum requirements
What is waterfall methodology?
A sequence of phases in which the output of each phase becomes the input for the next
What is the systems development life cycle (SDLC)?
The overall process for developing information systems, from planning and analysis through
implementation and maintenance
What is the definition of project scope?
The need, justification, requirements, and current boundaries for a project
What is a value chain analysis?
,A business tool that views a firm as a series of business processes that add value to a product or
service
What is the definition of Porter's three generic strategies?
A business strategy involving methods that are neither organization- nor industry-specific and
can be applied to any business, product, or service
What is an assessment of the competitive forces within the environment in which a company
operates to evaluate the potential for profitability in an industry?
Porter's five forces model
What is a SWOT analysis?
An evaluation of an organization's strengths, weaknesses, opportunities, and threats to identify
significant influences that work for or against business strategies
Which supply chain activity includes building relationships with suppliers to procure raw
materials?
Source
supplier power
The supplier's ability to influence the price they charge for supplies, including material labor
and service
threat of substitute products or services
This is high when there are many alternatives to a product or service and low when they are a
few alternatives from which to choose.
workflow control systems
Monitors processes to ensure tasks, activities, and responsibilities are executed as specified
static process
, Continuously uses a systematic approach in an attempt to improve business effectiveness and
efficiency
dynamic
Continuously changing and providing business solutions to ever-changing business operations
business process reengineering (BPR)
The analysis and redesign of workflows within and between enterprises
customer-facing process
Results in a product or service that is received by an organization's external customer
business process modeling or mapping
The activity of creating a detailed flowchart or process map of a work process, showing its input
task and activities in a structured sequence
business process model
A graphic description of a process, showing the sequence and process task, which is developed
for a specific purpose and from a selected viewpoint
business process model and notation (BPMN)
A graphical notation that depicts the steps in a business process
as-is process model
Represents the current state of the operation that has been mapped without any specific
improvements or changes to existing processes
to-be process model
Shows the results of applying change improvement opportunities to the current as-is process
model
swim lane diagram
