WGU C722 PROJECT MANAGEMENT OA
FINAL EXAM 2026 BANK CURRENTLY
TESTING COMPLETE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS
/EXPERT VERIFIED /ALREADY GRADED A+
A widely accepted method of measuring project
performance and progress of actual cost against the
budgeted/planned cost. Pg 135 - ....ANSWER...Earned
Value Management (EVM)
The dollar value of all work completed to date which is
based on the baseline budgeted cost of each activity. Pg
135 - ....ANSWER...Earned Value (EV)
The dollar value of all work scheduled to have been
completed to date which is based on the baseline schedule
and the calendarized baseline budget. Pg 135 -
....ANSWER...Planned Value (PV)
,The total dollar value of costs incurred to date which
includes work and invoices already paid as well as any
expenses that have been incurred but not yet invoiced or
paid. Pg 135 - ....ANSWER...Actual Cost (AC)
the approved total baseline budget approved for the
completed project. Pg 135 - ....ANSWER...Budget at
Completion (BAC)
Assigns half completed as soon as an activity is started
and fully completed when an acitivity is finished. Pg 135 -
....ANSWER...50-50 rule
Assigns no portion completed until an activity is finished,
then it assigns the full portion completed Pg 135 -
....ANSWER...0-100 rule
Compares the difference between the EV and the AC (EV -
AC) to determine if the project is meeting its budget
expectations. Pg 136 - ....ANSWER...Cost variance (CV)
Compares differences between the EV and the PV (EV -
PV) to determine if the project is meeting its schedule
,expectations or if there is a variance. Pg 136 -
....ANSWER...Schedule variance (SV)
Term used when variances show that the project is behind
schedule Pg 136 - ....ANSWER...Negative Variance
Term used when variances show that the project is ahead
of schedule Pg 136 - ....ANSWER...Postive Variance
A measure of the efficiency of expenses spent on a project -
....ANSWER...Cost performance index (CPI)
Ratio that creates a measure of time efficiency (EV / PV).
Pg 137 - ....ANSWER...schedule performance index (SPI)
a project planning tool that shows the sequenced project
activities using arrows and circles Pg 69 -
....ANSWER...Network Diagram
an iterative approach to project management where the
project team works closely with the customer to deliver
, projects in usable chunks Pg 74 - ....ANSWER...Agile
project management
The daily standup meeting where the team discusses their
work status and plans the work for the day. Pg 74 -
....ANSWER...scrum
Occurs when the focus is to work together in delivering
functionality to the customer in a relatively short period of
time (often less than 3 weeks). Pg 74 -
....ANSWER...sprints
Cards that contain customer functionality requirements
Pg 74 - ....ANSWER...backlog
a discussion after the completion of each sprint to
determine what went well and what changes should occur
in the next sprint. Pg 74 - ....ANSWER...retrospective
Approaches to address issues of extraordinary uncertainty
or complexity. Pg 75 - ....ANSWER...Extreme Project
Management
FINAL EXAM 2026 BANK CURRENTLY
TESTING COMPLETE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS
/EXPERT VERIFIED /ALREADY GRADED A+
A widely accepted method of measuring project
performance and progress of actual cost against the
budgeted/planned cost. Pg 135 - ....ANSWER...Earned
Value Management (EVM)
The dollar value of all work completed to date which is
based on the baseline budgeted cost of each activity. Pg
135 - ....ANSWER...Earned Value (EV)
The dollar value of all work scheduled to have been
completed to date which is based on the baseline schedule
and the calendarized baseline budget. Pg 135 -
....ANSWER...Planned Value (PV)
,The total dollar value of costs incurred to date which
includes work and invoices already paid as well as any
expenses that have been incurred but not yet invoiced or
paid. Pg 135 - ....ANSWER...Actual Cost (AC)
the approved total baseline budget approved for the
completed project. Pg 135 - ....ANSWER...Budget at
Completion (BAC)
Assigns half completed as soon as an activity is started
and fully completed when an acitivity is finished. Pg 135 -
....ANSWER...50-50 rule
Assigns no portion completed until an activity is finished,
then it assigns the full portion completed Pg 135 -
....ANSWER...0-100 rule
Compares the difference between the EV and the AC (EV -
AC) to determine if the project is meeting its budget
expectations. Pg 136 - ....ANSWER...Cost variance (CV)
Compares differences between the EV and the PV (EV -
PV) to determine if the project is meeting its schedule
,expectations or if there is a variance. Pg 136 -
....ANSWER...Schedule variance (SV)
Term used when variances show that the project is behind
schedule Pg 136 - ....ANSWER...Negative Variance
Term used when variances show that the project is ahead
of schedule Pg 136 - ....ANSWER...Postive Variance
A measure of the efficiency of expenses spent on a project -
....ANSWER...Cost performance index (CPI)
Ratio that creates a measure of time efficiency (EV / PV).
Pg 137 - ....ANSWER...schedule performance index (SPI)
a project planning tool that shows the sequenced project
activities using arrows and circles Pg 69 -
....ANSWER...Network Diagram
an iterative approach to project management where the
project team works closely with the customer to deliver
, projects in usable chunks Pg 74 - ....ANSWER...Agile
project management
The daily standup meeting where the team discusses their
work status and plans the work for the day. Pg 74 -
....ANSWER...scrum
Occurs when the focus is to work together in delivering
functionality to the customer in a relatively short period of
time (often less than 3 weeks). Pg 74 -
....ANSWER...sprints
Cards that contain customer functionality requirements
Pg 74 - ....ANSWER...backlog
a discussion after the completion of each sprint to
determine what went well and what changes should occur
in the next sprint. Pg 74 - ....ANSWER...retrospective
Approaches to address issues of extraordinary uncertainty
or complexity. Pg 75 - ....ANSWER...Extreme Project
Management
