WGU C722 Project Management questions with
verified answers
5 process groups Ans✓✓✓ Initiating, planning, executing, monitoring, closing
8 and 80 rule Ans✓✓✓ avoid controlling tasks of less than 8 hours; don't let more
than 80 hours (or two weeks) go by without checking in.
Actual Cost Ans✓✓✓ Total dollar value of costs incurred to date
Agile planning Ans✓✓✓ project needs to be flexible, planning is a little fuzzy
APM Ans✓✓✓ Association for Project Management
AXELOS, Ltd Ans✓✓✓ joint venture for UK and Captia PLC
basic communication tenets Ans✓✓✓ establish expectations, address conflict
immediately, stay focused on goals, remember dealing with individuals, conflict is
oppurtunity
best communication for widely dispersed virtual team Ans✓✓✓ shared threaded
discussion
Bottom up Ans✓✓✓ Aggregate cost estimates up; templates
Budget at completion Ans✓✓✓ approved total baseline budge approved
, calendarized budget Ans✓✓✓
Change management process Ans✓✓✓ identify change, evaluate change,
decision, communicate change
Comparative checklists Ans✓✓✓ Competitive necessity, operating necessity,
sacred cow, scoring models (extension of checklist)
Cost performance index (CPI) Ans✓✓✓ Measures the value of the work
completed at the measurement date against actual cost. This is the most critical
of all EVM measurements. The formula is CPI=EV/AC.
Cost Variance Ans✓✓✓ determine budget efficiency
CPI Ans✓✓✓ EV/AC; want over 100%
EV Ans✓✓✓ Dollar value of all work completed to date
Extreme planning Ans✓✓✓ many variables and unknowns; focus on human
resources
Functional (Departmentalized) Ans✓✓✓ oldest and most basic form of
organization; lines of authority are clear; organization does not focus on solving
project business issues; PM has little influence; not managed holistically
verified answers
5 process groups Ans✓✓✓ Initiating, planning, executing, monitoring, closing
8 and 80 rule Ans✓✓✓ avoid controlling tasks of less than 8 hours; don't let more
than 80 hours (or two weeks) go by without checking in.
Actual Cost Ans✓✓✓ Total dollar value of costs incurred to date
Agile planning Ans✓✓✓ project needs to be flexible, planning is a little fuzzy
APM Ans✓✓✓ Association for Project Management
AXELOS, Ltd Ans✓✓✓ joint venture for UK and Captia PLC
basic communication tenets Ans✓✓✓ establish expectations, address conflict
immediately, stay focused on goals, remember dealing with individuals, conflict is
oppurtunity
best communication for widely dispersed virtual team Ans✓✓✓ shared threaded
discussion
Bottom up Ans✓✓✓ Aggregate cost estimates up; templates
Budget at completion Ans✓✓✓ approved total baseline budge approved
, calendarized budget Ans✓✓✓
Change management process Ans✓✓✓ identify change, evaluate change,
decision, communicate change
Comparative checklists Ans✓✓✓ Competitive necessity, operating necessity,
sacred cow, scoring models (extension of checklist)
Cost performance index (CPI) Ans✓✓✓ Measures the value of the work
completed at the measurement date against actual cost. This is the most critical
of all EVM measurements. The formula is CPI=EV/AC.
Cost Variance Ans✓✓✓ determine budget efficiency
CPI Ans✓✓✓ EV/AC; want over 100%
EV Ans✓✓✓ Dollar value of all work completed to date
Extreme planning Ans✓✓✓ many variables and unknowns; focus on human
resources
Functional (Departmentalized) Ans✓✓✓ oldest and most basic form of
organization; lines of authority are clear; organization does not focus on solving
project business issues; PM has little influence; not managed holistically
