WGU C722 PMP & PMBOK 5th Edition Master Exam Guide: Project Life
Cycle, Process Groups, Initiating, Planning, Executing, Monitoring &
Controlling, Closing, Triple Constraint, OPM3 Maturity Levels, Project
Charter, SOW, WBS, Network Diagram, Activity Definition, Sequencing,
Duration Estimation, Critical Path Method, CPM, CCPM, PERT,
Waterfall, PRINCE2, Cost Estimation, Budgeting, Resource
Management, Risk Breakdown Structure, Risk Register, Risk
Mitigation, Risk Avoidance, Risk Transference, Fast-Tracking, Crashing,
Earned Value, CPI, SPI, Change Management, Procsi 3-Phase Model,
Lessons Learned, Milestone Charts, 8/80 & 0-100 Rules, Schedule
Compression, and KPI Tracking Exam Questions Verified and Provided
with Complete A+ Graded Rationales Latest Updated 2026
PMBOK 5 Process Groups
Initiating, Planning (Iterative), Executing (Iterative), Monitor & Control (Iterative) and Closing
Triple constraint
Time, Cost, and Scope
Organizational Project Management Maturity Model (OPM3) 5 levels (Delaware Department of
Technology and Information)
,1) "Adhoc" 2) "Planned" but no org standard 3) "Managed" but execution is inconsistent 4)
"Integrated" is consistent 5) "Sustained" is consistent, can evaluate future decisions and
includes lessons learned
5 levels of project management maturity (Crawford, 2007)
1) Initial 2) Structured standards 3) Organizational standards 4) Managed Process 5) Optimized
process
Initiating (Process #1)
Define the project and determine which projects the organization will undertake. These
activities often occur prior to the selection of the project team or the project manager.
Initiating Activities (Process #1)
Document business need, define project, evaluate proposals, complete project selection,
identify stakeholders, and create project charter
Which activity is preformed during the creating part of the initiating process?
Drafting project chater
Planning (Process #2 - Iterative)
PM will assemble a team to create the project plan. Additional team members may be required
to gather information from stakeholders, identify the project activities, estimate costs and time,
and document the planning areas
, Planning Activities (Process #2 - Iterative)
Document customer needs, estimate resource, scope, budget, schedule, WBS (Work Breakdown
Structure), Network Diagram, activity list, and writing plan for orgs to execute
Network Diagram
Flow chart of sequenced project activities
Tool for PM to track that important items are addressed when developing and defining project
scope?
Network diagram
WBS (Work Breakdown Structure)
Lists the project activities and tasks and begins to identify how they fit together and where they
fit on a calendar
Executing (Process #3 - Iterative)
PM cycles members as needed to create the project outcomes
Executing Activities (Process #3 - Iterative)
Cycle, Process Groups, Initiating, Planning, Executing, Monitoring &
Controlling, Closing, Triple Constraint, OPM3 Maturity Levels, Project
Charter, SOW, WBS, Network Diagram, Activity Definition, Sequencing,
Duration Estimation, Critical Path Method, CPM, CCPM, PERT,
Waterfall, PRINCE2, Cost Estimation, Budgeting, Resource
Management, Risk Breakdown Structure, Risk Register, Risk
Mitigation, Risk Avoidance, Risk Transference, Fast-Tracking, Crashing,
Earned Value, CPI, SPI, Change Management, Procsi 3-Phase Model,
Lessons Learned, Milestone Charts, 8/80 & 0-100 Rules, Schedule
Compression, and KPI Tracking Exam Questions Verified and Provided
with Complete A+ Graded Rationales Latest Updated 2026
PMBOK 5 Process Groups
Initiating, Planning (Iterative), Executing (Iterative), Monitor & Control (Iterative) and Closing
Triple constraint
Time, Cost, and Scope
Organizational Project Management Maturity Model (OPM3) 5 levels (Delaware Department of
Technology and Information)
,1) "Adhoc" 2) "Planned" but no org standard 3) "Managed" but execution is inconsistent 4)
"Integrated" is consistent 5) "Sustained" is consistent, can evaluate future decisions and
includes lessons learned
5 levels of project management maturity (Crawford, 2007)
1) Initial 2) Structured standards 3) Organizational standards 4) Managed Process 5) Optimized
process
Initiating (Process #1)
Define the project and determine which projects the organization will undertake. These
activities often occur prior to the selection of the project team or the project manager.
Initiating Activities (Process #1)
Document business need, define project, evaluate proposals, complete project selection,
identify stakeholders, and create project charter
Which activity is preformed during the creating part of the initiating process?
Drafting project chater
Planning (Process #2 - Iterative)
PM will assemble a team to create the project plan. Additional team members may be required
to gather information from stakeholders, identify the project activities, estimate costs and time,
and document the planning areas
, Planning Activities (Process #2 - Iterative)
Document customer needs, estimate resource, scope, budget, schedule, WBS (Work Breakdown
Structure), Network Diagram, activity list, and writing plan for orgs to execute
Network Diagram
Flow chart of sequenced project activities
Tool for PM to track that important items are addressed when developing and defining project
scope?
Network diagram
WBS (Work Breakdown Structure)
Lists the project activities and tasks and begins to identify how they fit together and where they
fit on a calendar
Executing (Process #3 - Iterative)
PM cycles members as needed to create the project outcomes
Executing Activities (Process #3 - Iterative)
