WGU C954 V8 Ch 3 Exam
Questions and Answers 100%
PASS
communications management—ANSWER-The generation, collection, dissemination, and
storage of project information in a timely and effective manner.
What is a core competency?—ANSWER-Something that a firm can do well.
What are the benefits of a core competency for customers?—ANSWER-It provides customer
benefits.
Why is a core competency difficult for competitors to imitate?—ANSWER-Because it is
unique to the firm.
How can a core competency be utilized?—ANSWER-It can be leveraged widely to many
products and markets.
cost management—ANSWER-A set of activities that includes the development and
management of the project budget
What is a cost-reimbursable contract?—ANSWER-A contract that requires the buyer to pay
the provider an amount that covers the provider's actual costs.
, What additional payment is included in a cost-reimbursable contract?—ANSWER-An
additional amount or percentage for profit.
critical path—ANSWER-All project activities that, if delayed, would delay the entire project.
What is a deliverable in project management?—ANSWER-A tangible output such as a design
document.
What is an example of a deliverable related to software development?—ANSWER-An
implementation plan.
What is a deliverable that involves software functionality?—ANSWER-Completion of a
portion of software coding.
What type of deliverable includes results from testing?—ANSWER-Testing results.
What is a deliverable that prepares users for a new system?—ANSWER-End-user training
plan.
What is a deliverable that occurs after a project is implemented?—ANSWER-Post-
implementation validation.
What does 'earned value' refer to in project management?—ANSWER-The actual progress
made on a project.
How is earned value measured?—ANSWER-Against the planned progress of the project at
that point in time.
fixed-price contract—ANSWER-A contract in which the buyer and provider agree to a total
fixed price for a well-defined product or service.
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
Questions and Answers 100%
PASS
communications management—ANSWER-The generation, collection, dissemination, and
storage of project information in a timely and effective manner.
What is a core competency?—ANSWER-Something that a firm can do well.
What are the benefits of a core competency for customers?—ANSWER-It provides customer
benefits.
Why is a core competency difficult for competitors to imitate?—ANSWER-Because it is
unique to the firm.
How can a core competency be utilized?—ANSWER-It can be leveraged widely to many
products and markets.
cost management—ANSWER-A set of activities that includes the development and
management of the project budget
What is a cost-reimbursable contract?—ANSWER-A contract that requires the buyer to pay
the provider an amount that covers the provider's actual costs.
, What additional payment is included in a cost-reimbursable contract?—ANSWER-An
additional amount or percentage for profit.
critical path—ANSWER-All project activities that, if delayed, would delay the entire project.
What is a deliverable in project management?—ANSWER-A tangible output such as a design
document.
What is an example of a deliverable related to software development?—ANSWER-An
implementation plan.
What is a deliverable that involves software functionality?—ANSWER-Completion of a
portion of software coding.
What type of deliverable includes results from testing?—ANSWER-Testing results.
What is a deliverable that prepares users for a new system?—ANSWER-End-user training
plan.
What is a deliverable that occurs after a project is implemented?—ANSWER-Post-
implementation validation.
What does 'earned value' refer to in project management?—ANSWER-The actual progress
made on a project.
How is earned value measured?—ANSWER-Against the planned progress of the project at
that point in time.
fixed-price contract—ANSWER-A contract in which the buyer and provider agree to a total
fixed price for a well-defined product or service.
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
