WGU C722 Project Management Study Guide
https://www.stuvia.com/userhttps://www.stuvia.com/user/stuviaun/stuviaun
_ Exam Questions and Answers _ Comprehensive Course Reviewhttps://www.stuvia.com/user/stuviaun
https://www.stuvia.com/user/stuviaun
https://www.stuvia.com/user/stuviaun
WGU C722 Project Management
Study Guide | Exam Questions
and Answers | Comprehensive
Course Review
https://www.stuvia.com/user/stuviaun
WGU C722 Project Management Study
https://www.stuvia.com/user/stuviaunPage
Guide _ Exam Questions and https://www.stuvia.com/user/stuviaunPage
Answers1 of
_ Comprehensive
18https://www.stuvia.com/user/stuviaun
Course Reviewhttps://wwwhttps://www.stuvia.com/user/stuviaun.st
1 of 18https://www.stuvia.com/user/stuviaun
, Project Management- C722https://www.stuvia.com/user/stuviaun
https://www.stuvia.com/userhttps://www.stuvia.com/user/stuviaun/stuviaun https://www.stuvia.com/user/stuviaun
Project Management- C722
Study online at https://quizlet.com/_4yyb98
1. portfolio a group of related programs that support a long-term com-
pany goal or objective Pg 13
2. program a group of related projects Pg 13
3. project an activity or group of activities to generate a new, unique
product, service, or results to support that program Pg 13
4. charter a document that, like a contract, is agreed upon by the
sponsor and key stakeholders. It defines the project and
authorizes the resources, roles, responsibilities, authorities,
and scope for the project Pg 13
5. Specific, measurable, attain- Criteria of specific objectives that are unique to a project are
able, relevant, timely referred to as SMART which stands for what Pg 15
6. triple constraint cost (budget), schedule (time), and scope (deliverables) Pg
17
7. stakeholder analysis analysis to define the relevant stakeholders, their interests,
and their communication needs Pg 19
8. Change Control Board (CCB) a group of people who track changes in a project and can be
used as a governance tool Pg 19
9. Work Breakdown Structures a key tool so that people understand what is expected of
(WBS) them and how they will be held accountable Pg 21
10. Project Management Institute Founded in 1969, it's headquartered in Newton, PA, and
(PMI) has member chapters on every continent (except Antarctica).
Publishes foundational and practice standards and is the
largest in the world. Pg 22
11.
Project Management- C722https://wwwhttps://www.stuvia.com/user/stuviaun.stuvia.com/user/stuviaun
https://www.stuvia.com/user/stuviaunPage
https://www.stuvia.com/user/stuviaunPage
2 of 18https://www.stuvia.com/user/stuviaun
2 of 18https://www.stuvia.com/user/stuviaun
, Project Management- C722https://www.stuvia.com/user/stuviaun
https://www.stuvia.com/userhttps://www.stuvia.com/user/stuviaun/stuviaun https://www.stuvia.com/user/stuviaun
Project Management- C722
Study online at https://quizlet.com/_4yyb98
Association for Project Man- A UK-based charter organization that is the largest profes-
agement (APM) sional body of its kind in Europe. Formed in 1972, it's mem-
bership is primarily limited to the United Kingdom. Pg 22
12. International Project Manage- the world's first project management association, founded
ment Association (IPMA) in 1965. The leading authority on competent project, pro-
gramme, and portfolio management (PPPM) Pg 22
13. AXELOS, Ltd a joint venture between the government of the United King-
dom and Captia PLC. It was formed to manage and grow
a number of standards and associated certifications de-
veloped by the Cabinet office, including ITIL (Information
Technology Infrastructure Library), PRINCE2, and Managing
Successful Programs (MSP). Pg 22
14. Functional (Departmentalized) Pros: Lines of authority are clear; work is easily prioritized by
Organization pros/cons identified departmental authority
Cons: Utilizing resources across functions can be difficult;
project is not managed holistically
15. Projectized Organization pros Pros: Clear lines of authority; project is managed holistically;
and cons gain historical data from prior projects.
Cons: Approach is expensive because of the duplication of
personnel; SME assigned may not have the most appropriate
knowledge or expertise for the project
16. Matrix Organization pros and Pros: Central focus is the project; issues are responded to
cons quickly.
Cons: Requires cooperation and coordination between and
Project Management- C722https://wwwhttps://www.stuvia.com/user/stuviaun.stuvia.com/user/stuviaun
https://www.stuvia.com/user/stuviaunPage
https://www.stuvia.com/user/stuviaunPage
3 of 18https://www.stuvia.com/user/stuviaun
3 of 18https://www.stuvia.com/user/stuviaun
https://www.stuvia.com/userhttps://www.stuvia.com/user/stuviaun/stuviaun
_ Exam Questions and Answers _ Comprehensive Course Reviewhttps://www.stuvia.com/user/stuviaun
https://www.stuvia.com/user/stuviaun
https://www.stuvia.com/user/stuviaun
WGU C722 Project Management
Study Guide | Exam Questions
and Answers | Comprehensive
Course Review
https://www.stuvia.com/user/stuviaun
WGU C722 Project Management Study
https://www.stuvia.com/user/stuviaunPage
Guide _ Exam Questions and https://www.stuvia.com/user/stuviaunPage
Answers1 of
_ Comprehensive
18https://www.stuvia.com/user/stuviaun
Course Reviewhttps://wwwhttps://www.stuvia.com/user/stuviaun.st
1 of 18https://www.stuvia.com/user/stuviaun
, Project Management- C722https://www.stuvia.com/user/stuviaun
https://www.stuvia.com/userhttps://www.stuvia.com/user/stuviaun/stuviaun https://www.stuvia.com/user/stuviaun
Project Management- C722
Study online at https://quizlet.com/_4yyb98
1. portfolio a group of related programs that support a long-term com-
pany goal or objective Pg 13
2. program a group of related projects Pg 13
3. project an activity or group of activities to generate a new, unique
product, service, or results to support that program Pg 13
4. charter a document that, like a contract, is agreed upon by the
sponsor and key stakeholders. It defines the project and
authorizes the resources, roles, responsibilities, authorities,
and scope for the project Pg 13
5. Specific, measurable, attain- Criteria of specific objectives that are unique to a project are
able, relevant, timely referred to as SMART which stands for what Pg 15
6. triple constraint cost (budget), schedule (time), and scope (deliverables) Pg
17
7. stakeholder analysis analysis to define the relevant stakeholders, their interests,
and their communication needs Pg 19
8. Change Control Board (CCB) a group of people who track changes in a project and can be
used as a governance tool Pg 19
9. Work Breakdown Structures a key tool so that people understand what is expected of
(WBS) them and how they will be held accountable Pg 21
10. Project Management Institute Founded in 1969, it's headquartered in Newton, PA, and
(PMI) has member chapters on every continent (except Antarctica).
Publishes foundational and practice standards and is the
largest in the world. Pg 22
11.
Project Management- C722https://wwwhttps://www.stuvia.com/user/stuviaun.stuvia.com/user/stuviaun
https://www.stuvia.com/user/stuviaunPage
https://www.stuvia.com/user/stuviaunPage
2 of 18https://www.stuvia.com/user/stuviaun
2 of 18https://www.stuvia.com/user/stuviaun
, Project Management- C722https://www.stuvia.com/user/stuviaun
https://www.stuvia.com/userhttps://www.stuvia.com/user/stuviaun/stuviaun https://www.stuvia.com/user/stuviaun
Project Management- C722
Study online at https://quizlet.com/_4yyb98
Association for Project Man- A UK-based charter organization that is the largest profes-
agement (APM) sional body of its kind in Europe. Formed in 1972, it's mem-
bership is primarily limited to the United Kingdom. Pg 22
12. International Project Manage- the world's first project management association, founded
ment Association (IPMA) in 1965. The leading authority on competent project, pro-
gramme, and portfolio management (PPPM) Pg 22
13. AXELOS, Ltd a joint venture between the government of the United King-
dom and Captia PLC. It was formed to manage and grow
a number of standards and associated certifications de-
veloped by the Cabinet office, including ITIL (Information
Technology Infrastructure Library), PRINCE2, and Managing
Successful Programs (MSP). Pg 22
14. Functional (Departmentalized) Pros: Lines of authority are clear; work is easily prioritized by
Organization pros/cons identified departmental authority
Cons: Utilizing resources across functions can be difficult;
project is not managed holistically
15. Projectized Organization pros Pros: Clear lines of authority; project is managed holistically;
and cons gain historical data from prior projects.
Cons: Approach is expensive because of the duplication of
personnel; SME assigned may not have the most appropriate
knowledge or expertise for the project
16. Matrix Organization pros and Pros: Central focus is the project; issues are responded to
cons quickly.
Cons: Requires cooperation and coordination between and
Project Management- C722https://wwwhttps://www.stuvia.com/user/stuviaun.stuvia.com/user/stuviaun
https://www.stuvia.com/user/stuviaunPage
https://www.stuvia.com/user/stuviaunPage
3 of 18https://www.stuvia.com/user/stuviaun
3 of 18https://www.stuvia.com/user/stuviaun
