WGU C722 PROJECT MANAGEMENT FULL EXAM SET INCLUDING
ALL QUESTIONS AND ANSWERS, VERIFIED FOR ACCURACY AND
UPDATED TO THE LATEST VERSION
Projects: ANSWER A short-term endeavour that produces a distinctive
outcome.
initiatives with clear objectives and beginning and ending dates.
Create a new service or product, cut costs, and incorporate technology.
An example of a project is a car manufacturer creating a new passenger vehicle.
* The addition of a computer program by a goods company to maximise the
capacity to convey cargo.
* A building company constructing a new facility for a client.
Operations: The day-to-day activities that take place within an organisation.
continuous or ongoing.
Examples of Operations: ANSWER * An automobile manufacturer.
* An airline that transports passengers.
* A CPA firm that helps clients with their taxes.
Product: ANSWER: An outcome of a project.
A flu vaccination is an example of a product.
* A building with offices.
,* The film you just saw.
* The way the car you drive is designed.
Business Scenario-ANSWER Vendors can comprehend the value of a created
solution to the customer organisation by imagining or projecting a series of
circumstances that is symbolic of a substantial business necessity or problem.
Relevant past events, important current facts, and anticipated or desired results
are all included in business scenarios.
Business Strategy - ANSWER The activities, methods, tactics, etc. that will be
implemented to fulfil the business's aims. decided by the organization's top
management to increase the company's worth to its stakeholders.
A person who is an authority in a specific field or project is known as a subject
matter expert (SME).
Program-ANSWER A collection of linked initiatives.
A portfolio is a collection of projects and programs that a business undertakes in
order to enhance its operations.
Charter-ANSWER: A project's definition as defined by its stakeholders. outlines
how the client will assess whether the project fulfilled their expectations. has a
beginning, steps for the work, and a precise and well-defined conclusion.
A business case explains the business necessity and serves as a justification for
a project.
Phases of the Project Life Cycle: Answer Definition, Planning, Execution, and
Closing
Defining: The project's idea is developed and formalised. It is decided whether
or not to implement. concludes upon approval of the project charter.
,Planning: Where does thorough planning take place? The degree of detail
corresponds to the project's complexity. Utilise the Work Breakdown Structure
to determine the necessary results.
can take a lot of time for big tasks.
usually concludes when the client, sponsor, and project team approve the
baselines for scope, budget, and schedule.
Executing: ANSWER The majority of the work is completed here.
Deliverables are finished. To keep on course, progress is tracked and necessary
actions are done.
If goals are not reached, the planning stage may be revisited to adjust the
budget, timeline, or scope.
It's crucial to watch out for scope creep; don't add capabilities without taking
impact into account.
When all tasks and outputs are prepared for delivery to the client or sponsor,
this phase is finished.
Closing: ANSWER When the sponsor and/or client receive the project's results.
The project manager closes any gaps.
* Return project resources to the business
* Record project outcomes and takeaways.
* Close out procurement operations
* Confirm that the customer has received the finished project.
SMART Objectives: ANSWER * Particular
* Measurable
* Achievable
* Pertinent
* Time-Based
, Project management is the process of overseeing a project and includes the
application of general management or specialised project management tools,
techniques, and knowledge to make sure the project achieves its objectives.
Project Sponsor: ANSWER The person in charge of a project, usually a
management or executive. primarily focused on making sure the project yields
the benefits that were agreed upon.
The processes and actions required to recognise, specify, and coordinate
different processes and project management activities are included in
Integration Management-ANSWER.
The procedures that guarantee that all of the work necessary to finish the project
effectively is identified are included in scope management, which is the answer.
Time management: ANSWER covers the procedures needed to oversee the
project's timely completion.
The process of planning, estimating, budgeting, managing, and controlling
expenses to ensure that the project is finished within the authorised budget is
included in the cost management answer.
Processes and activities that establish quality policies, goals, and responsibilities
are included in quality management.
The procedures that plan, coordinate, and guide the project team are included in
human resource management.
Processes to guarantee prompt and suitable planning, creation, dissemination,
management, control, and monitoring of project information are included in
Communication Management-ANSWER.
The procedures of risk management planning, identification, analysis, reaction
planning, and risk control on a project are all included in the answer to the
question.
The procedures required to get goods, services, or outcomes from sources other
than the project team are included in procurement management.
ALL QUESTIONS AND ANSWERS, VERIFIED FOR ACCURACY AND
UPDATED TO THE LATEST VERSION
Projects: ANSWER A short-term endeavour that produces a distinctive
outcome.
initiatives with clear objectives and beginning and ending dates.
Create a new service or product, cut costs, and incorporate technology.
An example of a project is a car manufacturer creating a new passenger vehicle.
* The addition of a computer program by a goods company to maximise the
capacity to convey cargo.
* A building company constructing a new facility for a client.
Operations: The day-to-day activities that take place within an organisation.
continuous or ongoing.
Examples of Operations: ANSWER * An automobile manufacturer.
* An airline that transports passengers.
* A CPA firm that helps clients with their taxes.
Product: ANSWER: An outcome of a project.
A flu vaccination is an example of a product.
* A building with offices.
,* The film you just saw.
* The way the car you drive is designed.
Business Scenario-ANSWER Vendors can comprehend the value of a created
solution to the customer organisation by imagining or projecting a series of
circumstances that is symbolic of a substantial business necessity or problem.
Relevant past events, important current facts, and anticipated or desired results
are all included in business scenarios.
Business Strategy - ANSWER The activities, methods, tactics, etc. that will be
implemented to fulfil the business's aims. decided by the organization's top
management to increase the company's worth to its stakeholders.
A person who is an authority in a specific field or project is known as a subject
matter expert (SME).
Program-ANSWER A collection of linked initiatives.
A portfolio is a collection of projects and programs that a business undertakes in
order to enhance its operations.
Charter-ANSWER: A project's definition as defined by its stakeholders. outlines
how the client will assess whether the project fulfilled their expectations. has a
beginning, steps for the work, and a precise and well-defined conclusion.
A business case explains the business necessity and serves as a justification for
a project.
Phases of the Project Life Cycle: Answer Definition, Planning, Execution, and
Closing
Defining: The project's idea is developed and formalised. It is decided whether
or not to implement. concludes upon approval of the project charter.
,Planning: Where does thorough planning take place? The degree of detail
corresponds to the project's complexity. Utilise the Work Breakdown Structure
to determine the necessary results.
can take a lot of time for big tasks.
usually concludes when the client, sponsor, and project team approve the
baselines for scope, budget, and schedule.
Executing: ANSWER The majority of the work is completed here.
Deliverables are finished. To keep on course, progress is tracked and necessary
actions are done.
If goals are not reached, the planning stage may be revisited to adjust the
budget, timeline, or scope.
It's crucial to watch out for scope creep; don't add capabilities without taking
impact into account.
When all tasks and outputs are prepared for delivery to the client or sponsor,
this phase is finished.
Closing: ANSWER When the sponsor and/or client receive the project's results.
The project manager closes any gaps.
* Return project resources to the business
* Record project outcomes and takeaways.
* Close out procurement operations
* Confirm that the customer has received the finished project.
SMART Objectives: ANSWER * Particular
* Measurable
* Achievable
* Pertinent
* Time-Based
, Project management is the process of overseeing a project and includes the
application of general management or specialised project management tools,
techniques, and knowledge to make sure the project achieves its objectives.
Project Sponsor: ANSWER The person in charge of a project, usually a
management or executive. primarily focused on making sure the project yields
the benefits that were agreed upon.
The processes and actions required to recognise, specify, and coordinate
different processes and project management activities are included in
Integration Management-ANSWER.
The procedures that guarantee that all of the work necessary to finish the project
effectively is identified are included in scope management, which is the answer.
Time management: ANSWER covers the procedures needed to oversee the
project's timely completion.
The process of planning, estimating, budgeting, managing, and controlling
expenses to ensure that the project is finished within the authorised budget is
included in the cost management answer.
Processes and activities that establish quality policies, goals, and responsibilities
are included in quality management.
The procedures that plan, coordinate, and guide the project team are included in
human resource management.
Processes to guarantee prompt and suitable planning, creation, dissemination,
management, control, and monitoring of project information are included in
Communication Management-ANSWER.
The procedures of risk management planning, identification, analysis, reaction
planning, and risk control on a project are all included in the answer to the
question.
The procedures required to get goods, services, or outcomes from sources other
than the project team are included in procurement management.
