WGU C722 Project Management Terminology questions
with verified answers
0-100 rule Ans✓✓✓ Assigns no portion completed until an activity is finished,
then it assigns the full portion completed Pg 135
50-50 rule Ans✓✓✓ Assigns half completed as soon as an activity is started and
fully completed when an acitivity is finished. Pg 135
8/80 Rule Ans✓✓✓ A good rule of thumb that ensures that no task is less than 8
hours or more than 80 hours in the WBS Pg 89
activities Ans✓✓✓ The starting point for developing the project schedule
because they identify specific work that will need to occur in order to execute the
project. Pg 108
Activity Ans✓✓✓ A portion of work that will be executed as part of the project to
create the specified deliverables. Pg 88
Actual Cost (AC) Ans✓✓✓ 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
Actual Cost Ans✓✓✓ What does AC stand for? Pg 135
Adjourning Ans✓✓✓ Which stage in the group development model is described:
only occurs when all the team's work has been completed and the team is no
longer required. This may occur at any time in the project life cycle. Pg 124
,After Action Review (AAR) Ans✓✓✓ A military term that is also referred to as
Lessons Learned Review. Pg 141
Agile project management Ans✓✓✓ an iterative approach to project
management where the project team works closely with the customer to deliver
projects in usable chunks Pg 74
alignment Ans✓✓✓ Term used to describe connecting project outcomes to
company goals. Pg 30
apportion method Ans✓✓✓ A method of allocating project costs using the work
breakdown structure. Pg 99
Association for Project Management (APM) Ans✓✓✓ A UK-based charter
organization that is the largest professional body of its kind in Europe. Formed in
1972, it's membership is primarily limited to the United Kingdom. Pg 22
AXELOS, Ltd Ans✓✓✓ a joint venture between the government of the United
Kingdom and Captia PLC. It was formed to manage and grow a number of
standards and associated certifications developed by the Cabinet office, including
ITIL (Information Technology Infrastructure Library), PRINCE2, and Managing
Successful Programs (MSP). Pg 22
backlog Ans✓✓✓ Cards that contain customer functionality requirements Pg 74
,backward pass Ans✓✓✓ Refers to the calculation of late finish dates and late
start dates for the portions of schedule activities that have not been completed.
Pg 117
baseline budget Ans✓✓✓ The approved budget thst will be used as the standard
for comparison of actual costs throughout the life of the project and identifying
variances. Pg 100
baseline Ans✓✓✓ documents the initial project scope that was agreed to Pg 59
beta distribution Ans✓✓✓ ACTIVITY DURATION = (OPTIMISTIC ESTIMATE + [4 *
MOST LIKELY ESTIMATE] + PESSIMISTIC ESTIMATE) / 6 Pg 108
Bottom-up estimation methods Ans✓✓✓ These estimates are generated by
functional experts with knowledge of the resources required and available to
complete the activity. Pg 99
Budget at Completion (BAC) Ans✓✓✓ the approved total baseline budget
approved for the completed project. Pg 135
Budget at Completion Ans✓✓✓ What does BAC stand for? Pg 135
Budget Ans✓✓✓ Serves as an internal guid to the project team as they execute
the work Pg 101
business case Ans✓✓✓ Project justification is sometimes referred to as this. Pg
48
, business strategy Ans✓✓✓ the activities, methods, tactics, etc. that will be
employed to meet the business's goals Pg 12
calendarized budget Ans✓✓✓ costs are distributed across the time periods of
the project. Pg 101
Capable Ans✓✓✓ The model is able to apply the pertinent factors of the
evaluation, including time, risk, cost, and internal and external environment. Pg
31
Change Control Board (CCB) Ans✓✓✓ a group of people who track changes in a
project and can be used as a governance tool Pg 19
Change Management Plan Ans✓✓✓ Documents how changes to the project
outcomes will be managed, approved, implemented, and monitored. Pg 49
Change Requests (CR) Ans✓✓✓ a document containing a call for an change in a
project Pg 19
charter Ans✓✓✓ a document that, like a contract, is agreed upon by the sponsor
and key stakeholders. It defines the project and authorizes the resources, roles,
responsibilities, authorities, and scope for the project Pg 13
Checklist Ans✓✓✓ Ensures that the items have been addressed, but does not
guarantee that the items have been thoroughly addressed or meet required
performance of quality standards. Pg 32
with verified answers
0-100 rule Ans✓✓✓ Assigns no portion completed until an activity is finished,
then it assigns the full portion completed Pg 135
50-50 rule Ans✓✓✓ Assigns half completed as soon as an activity is started and
fully completed when an acitivity is finished. Pg 135
8/80 Rule Ans✓✓✓ A good rule of thumb that ensures that no task is less than 8
hours or more than 80 hours in the WBS Pg 89
activities Ans✓✓✓ The starting point for developing the project schedule
because they identify specific work that will need to occur in order to execute the
project. Pg 108
Activity Ans✓✓✓ A portion of work that will be executed as part of the project to
create the specified deliverables. Pg 88
Actual Cost (AC) Ans✓✓✓ 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
Actual Cost Ans✓✓✓ What does AC stand for? Pg 135
Adjourning Ans✓✓✓ Which stage in the group development model is described:
only occurs when all the team's work has been completed and the team is no
longer required. This may occur at any time in the project life cycle. Pg 124
,After Action Review (AAR) Ans✓✓✓ A military term that is also referred to as
Lessons Learned Review. Pg 141
Agile project management Ans✓✓✓ an iterative approach to project
management where the project team works closely with the customer to deliver
projects in usable chunks Pg 74
alignment Ans✓✓✓ Term used to describe connecting project outcomes to
company goals. Pg 30
apportion method Ans✓✓✓ A method of allocating project costs using the work
breakdown structure. Pg 99
Association for Project Management (APM) Ans✓✓✓ A UK-based charter
organization that is the largest professional body of its kind in Europe. Formed in
1972, it's membership is primarily limited to the United Kingdom. Pg 22
AXELOS, Ltd Ans✓✓✓ a joint venture between the government of the United
Kingdom and Captia PLC. It was formed to manage and grow a number of
standards and associated certifications developed by the Cabinet office, including
ITIL (Information Technology Infrastructure Library), PRINCE2, and Managing
Successful Programs (MSP). Pg 22
backlog Ans✓✓✓ Cards that contain customer functionality requirements Pg 74
,backward pass Ans✓✓✓ Refers to the calculation of late finish dates and late
start dates for the portions of schedule activities that have not been completed.
Pg 117
baseline budget Ans✓✓✓ The approved budget thst will be used as the standard
for comparison of actual costs throughout the life of the project and identifying
variances. Pg 100
baseline Ans✓✓✓ documents the initial project scope that was agreed to Pg 59
beta distribution Ans✓✓✓ ACTIVITY DURATION = (OPTIMISTIC ESTIMATE + [4 *
MOST LIKELY ESTIMATE] + PESSIMISTIC ESTIMATE) / 6 Pg 108
Bottom-up estimation methods Ans✓✓✓ These estimates are generated by
functional experts with knowledge of the resources required and available to
complete the activity. Pg 99
Budget at Completion (BAC) Ans✓✓✓ the approved total baseline budget
approved for the completed project. Pg 135
Budget at Completion Ans✓✓✓ What does BAC stand for? Pg 135
Budget Ans✓✓✓ Serves as an internal guid to the project team as they execute
the work Pg 101
business case Ans✓✓✓ Project justification is sometimes referred to as this. Pg
48
, business strategy Ans✓✓✓ the activities, methods, tactics, etc. that will be
employed to meet the business's goals Pg 12
calendarized budget Ans✓✓✓ costs are distributed across the time periods of
the project. Pg 101
Capable Ans✓✓✓ The model is able to apply the pertinent factors of the
evaluation, including time, risk, cost, and internal and external environment. Pg
31
Change Control Board (CCB) Ans✓✓✓ a group of people who track changes in a
project and can be used as a governance tool Pg 19
Change Management Plan Ans✓✓✓ Documents how changes to the project
outcomes will be managed, approved, implemented, and monitored. Pg 49
Change Requests (CR) Ans✓✓✓ a document containing a call for an change in a
project Pg 19
charter Ans✓✓✓ a document that, like a contract, is agreed upon by the sponsor
and key stakeholders. It defines the project and authorizes the resources, roles,
responsibilities, authorities, and scope for the project Pg 13
Checklist Ans✓✓✓ Ensures that the items have been addressed, but does not
guarantee that the items have been thoroughly addressed or meet required
performance of quality standards. Pg 32
