WGU C722 Project Management - Study Guide, Questions and answers, Verified.

WGU C722 Project Management - Study Guide, Questions and answers, Verified. Projects - -A temporary activity that creates a unique result. Initiatives with specific goals and start and end dates. Develops a new product or service, reduce costs, add technology, etc. Operations - -Day-to-day activities in an organization. Continuous & ongoing. Product - -Something created by a project. Business Scenario - -An imagined or projected sequence of events that is representative of a significant business need or problem & enables vendors to understand the value to the customer organization of a developed solution. Business Scenarios have this information: - Past events that are relevant - Current key information - Expected or desired outcomes Business Strategy - -The activities, methods, tactics, etc. that will be employed to meet the business's goals. Determined by senior management in the organization to improve the value of the company to its stakeholders. Subject Matter Experts - -SMOs. A person who is an authority in a particular area or project. Program - -A group of related project