C722 WGU Project Management Methods Module 15
questions with verified answers
5 Step Project Process Ans✓✓✓ The five steps are logical groups of processes
which outline what must occur in order to manage the project.
Agile Methods Ans✓✓✓ Agile project management is an iterative approach to
project management where the project team works closely with the customer to
deliver projects in usable chunks
CCPM (Critical Chain Project Management) Ans✓✓✓ CCPM applies the theory of
constraints logic to project management by recognizing that the project can only
be completed if the resource (person, machine, capital, etc.) capacity is available.
In CCPM, the work each resource is expected to complete is checked to verify that
the resource will be capable and available when needed. Time buffers are built
into the schedule to handle situations when the critical resources fall behind or
aren't available. Focuses on managing the uncertainties of a project and builds
buffers into the schedule to prevent key activities from failing.
Characteristics of Traditional Methods Ans✓✓✓ Some Characterstics of a project
environment well-suited for traditional project management methods include:
* A well-defined project outcome
* Low complexity project outcome
* A project scope that is unlikely to change
* Risks that are low and identifiable
* Projects that use known/stable technologies
* Projects that are not resource constrained. I In short, traditional methods
generally depend on being able to reliably plan the project in advance and then
execute the plan with minimal changes. If the environment is turbulent,
, traditional methods, will be inefficient in incorporating the large volume of
changes during execution.
Closing Ans✓✓✓ The processes related to closing the project involve all of the
specific actions which need to occur in order to ensure that all project activities
are completed. These activities wrap-up all the project work so that the team can
move on to other projects. They can include:
*Paying all oustanding vendors * Reconciling all vendor accounts * Returning
excess materials and supplies * Returning all project assets to the sponsoring
organization * Writing the lessons learned * Completing all project
documentation * Delivering the completed project to the customer
* Receiving sign-off from the customer * Archiving all project documents
Complexity in PM Ans✓✓✓ The Merriam-Webster Dictionary defines "complex"
as "a whole made up of complicated or interrelated parts." That definition is well-
suited for project management where many parts contribute to the project
outcomes and the outcome itself may be many complicated and/or interrelated
parts. The level of comlexity needs to be considered when selecting an
appropriate project management method.
CPM (Critical Path Method) Ans✓✓✓ Developed for the Dupont Corporation to
estimate activity time durations, this method assumes time can be reliably
estimated.
Executing Ans✓✓✓ The project management process completed during the
execution include: * Acquiring project team members * Training an coaching
team members * Communicating with stakeholders * Managing stakeholders *
Implementing the project plan * Documenting change requests * Assessing team
member performance * Recognizing and rewarding performance
questions with verified answers
5 Step Project Process Ans✓✓✓ The five steps are logical groups of processes
which outline what must occur in order to manage the project.
Agile Methods Ans✓✓✓ Agile project management is an iterative approach to
project management where the project team works closely with the customer to
deliver projects in usable chunks
CCPM (Critical Chain Project Management) Ans✓✓✓ CCPM applies the theory of
constraints logic to project management by recognizing that the project can only
be completed if the resource (person, machine, capital, etc.) capacity is available.
In CCPM, the work each resource is expected to complete is checked to verify that
the resource will be capable and available when needed. Time buffers are built
into the schedule to handle situations when the critical resources fall behind or
aren't available. Focuses on managing the uncertainties of a project and builds
buffers into the schedule to prevent key activities from failing.
Characteristics of Traditional Methods Ans✓✓✓ Some Characterstics of a project
environment well-suited for traditional project management methods include:
* A well-defined project outcome
* Low complexity project outcome
* A project scope that is unlikely to change
* Risks that are low and identifiable
* Projects that use known/stable technologies
* Projects that are not resource constrained. I In short, traditional methods
generally depend on being able to reliably plan the project in advance and then
execute the plan with minimal changes. If the environment is turbulent,
, traditional methods, will be inefficient in incorporating the large volume of
changes during execution.
Closing Ans✓✓✓ The processes related to closing the project involve all of the
specific actions which need to occur in order to ensure that all project activities
are completed. These activities wrap-up all the project work so that the team can
move on to other projects. They can include:
*Paying all oustanding vendors * Reconciling all vendor accounts * Returning
excess materials and supplies * Returning all project assets to the sponsoring
organization * Writing the lessons learned * Completing all project
documentation * Delivering the completed project to the customer
* Receiving sign-off from the customer * Archiving all project documents
Complexity in PM Ans✓✓✓ The Merriam-Webster Dictionary defines "complex"
as "a whole made up of complicated or interrelated parts." That definition is well-
suited for project management where many parts contribute to the project
outcomes and the outcome itself may be many complicated and/or interrelated
parts. The level of comlexity needs to be considered when selecting an
appropriate project management method.
CPM (Critical Path Method) Ans✓✓✓ Developed for the Dupont Corporation to
estimate activity time durations, this method assumes time can be reliably
estimated.
Executing Ans✓✓✓ The project management process completed during the
execution include: * Acquiring project team members * Training an coaching
team members * Communicating with stakeholders * Managing stakeholders *
Implementing the project plan * Documenting change requests * Assessing team
member performance * Recognizing and rewarding performance
