WGU C722 Project Management
Terminology EXAM ACTUAL EXAM
COMPLETE QUESTIONS WITH
DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS)
/ALREADY GRADED A+
project management applies to this firm's project? -
ANSWER//Interdependent Tasks A firm begins its strategic
business initiative of developing a new business model to
enhance its competitiveness. What can be identified as a
strategic business initiative for this firm? -
ANSWER//Improvement in product design A firm begins a
strategic business initiative of developing a new business model
that will allow the firm to deliver an efficient, tailored service to
its customers. - ANSWER//Project sponsor Which group is
included in the five process groups? - ANSWER//Closing process
group What does PRINCE2 stand for? - ANSWER//PRojects IN a
Controlled Environment Which PMBOK process group is
described as the delivery part of project management where
the main activity happens? - ANSWER//Executing Which
advantage does the functional (departmentalized)
organizational structure provide for a firm with multiple
projects? - ANSWER//Lines of authority are clear. Which two
organizations are examples of organizations with the functional
organizational structure? - ANSWER//(1) The U.S. Department
of State and (2) The U.S Department of Energy An organization
expects to use a project management office (PMO) to support
multiple projects that will be implemented within a projectized
organizational structure. Which implied effect is a benefit to
this organization? - ANSWER//Project team members gain
,access to historical data from other projects. Regardless of the
organizational structure used to manage a project, an
organization elects to use a project management office (PMO).
Which benefit will this organization gain? - ANSWER//Projects
will coordinate resource usage by monitoring the status of
shared resources. During a certain project phase, specific
blueprints are drawn and approved, materials and labor costs
are estimated, prototypes are created, and work activities and
tasks are identified. Also, quality expectations, measurements,
and costs are defined. During which project phase do these
activities occur? - ANSWER//Planning Place the project
activities in order of occurrence from first (1) to last (5). -
ANSWER//(1) Collecting customer requirements (2) Developing
the work breakdown structure (3) Working to produce project
deliverables (4) Customers evaluating the project outcomes (5)
Capturing lessons learned During which life cycle phase is the
vast majority of the actual work to produce the project's
deliverables completed? - ANSWER//Executing What is the
correct term for an intermediate outcome of project work, such
as a signed contract or obtaining a construction permit? -
ANSWER//Deliverable Which deliverable from a work
breakdown structure (WBS) is not specific enough to measure
its completion at project closure? - ANSWER//User training The
following table shows the Level 1 work breakdown structure
(WBS) for Project A. WBS ID Description 0.0 Project A 1.0
Project started 2.0 Feasiblity 3.0 Design 4.0 Development 5.0
Manufacturing 6.0 Distribution 7.0 Project completed Which
approach did the project manager use to structure the WBS? -
ANSWER//Sequence of project phases For the following
collapsed work breakdown structure (WBS) for Project O, the
project manager must complete the scope baseline. In addition
to the WBS, the scope baseline will contain two additional
documents. WBS ID Description 0.0 Project O 1.0 Project
started 2.0 Feasibility 3.0 Design 4.0 Development 5.0
Manufacturing 6.0 Distribution 7.0 Project completed What are
,the other two documents that belong in the scope baseline? -
ANSWER//WBS dictionary and project scope statement For the
following collapsed work breakdown structure (WBS) for
Project O, the project's steering committee held a phase gate
review of the Feasibility results. That review determined that
the project's proposed design would be obsolete before it
would reach the marketplace. WBS ID Description 0.0 Project O
1.0 Project started 2.0 Feasibility 3.0 Design 4.0 Development
5.0 Manufacturing 6.0 Distribution 7.0 Project completed
Which action should the project manager initiate? -
ANSWER//Terminating the project as soon as possible and
releasing the project's resources A project is an operational
necessity to repair a design flaw in the date field that constrains
the year number to two digits, instead of permitting the year to
be indicated with four digits. If the project is not completed
before December 31, 1999, many legacy programs are
expected to fail or produce unpredictable outcomes. The
marketing department wants to upgrade its existing computer
equipment and have the costs included in the budget for this
project. The project team implemented the marketing
department's request without completing the formal change
control procedures. What has happened to the scope baseline
in this scenario? - ANSWER//Scope creep has caused a scope
variance. A general contractor is managing a highway
construction project that will repair a flood-damaged road. The
project was documented in a cost-plus-incentive fee contract
that specified a completion date of June 30. The Department of
Transportation has offered an incentive for early completion of
the repairs. Which triple-constraint baseline remains
unchanged by the effects of the incentive? - ANSWER//Scope In
Project A, the contract specifies that time is very important. All
of the scope must be completed, or the project will fail. The
project's objective requires the project team to work as quickly
as possible. Which triple constraint can be adjusted to permit
the project team to work as quickly as possible? -
, ANSWER//Cost In Project B, all of the scope must be completed,
or the project will fail. The work is important but not urgent.
Which triple constraint can be adjusted if the project's
objective requires the project team to work at the lowest
possible cost? - ANSWER//Time A project manager is discussing
the latest financial reports of a project to construct a grocery
store and is approximately 90% into the planning phase. The
project manager has been told by a project team member that
other grocery stores in the area have an automated teller
machine (ATM) for visitors. An ATM has not been discussed or
incorporated into the planning of this project nor have any
been incorporated into prior grocery store services. The leader
calls for the immediate addition of an ATM into all prior grocery
stores. Which non-numeric model is this leader using? -
ANSWER//Competitive necessity An organization has a surplus
of project dollars in the operating budget. The senior leader's
decision is to fund one more project with the remaining funds.
Of the three projects proposed, one of the projects was
selected without evaluation of feasibility or viability. Which
non-numeric model is this leader using? - ANSWER//Sacred
cow Each project team member generated a series of questions
to evaluate three projects. The checklist was compiled into one
list based on frequency of question content, such as personnel,
materials, experience, and time. The more frequent the
question content, the more likely the questions would be asked
first. Which two benefits result from this checklist approach? -
ANSWER//(1) Operational impact has been built in (2) Strategic
impact has been integrated. Each project team member
generated a series of questions to evaluate three projects. A
checklist was then compiled into one list based on the
frequency of question content, such as personnel, materials,
experience, and time. What is a disadvantage of using this
checklist approach? - ANSWER//Biases have not been
eliminated. To calculate money's worth today compared to in
the future - ANSWER//Time value of money To calculate future
Terminology EXAM ACTUAL EXAM
COMPLETE QUESTIONS WITH
DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS)
/ALREADY GRADED A+
project management applies to this firm's project? -
ANSWER//Interdependent Tasks A firm begins its strategic
business initiative of developing a new business model to
enhance its competitiveness. What can be identified as a
strategic business initiative for this firm? -
ANSWER//Improvement in product design A firm begins a
strategic business initiative of developing a new business model
that will allow the firm to deliver an efficient, tailored service to
its customers. - ANSWER//Project sponsor Which group is
included in the five process groups? - ANSWER//Closing process
group What does PRINCE2 stand for? - ANSWER//PRojects IN a
Controlled Environment Which PMBOK process group is
described as the delivery part of project management where
the main activity happens? - ANSWER//Executing Which
advantage does the functional (departmentalized)
organizational structure provide for a firm with multiple
projects? - ANSWER//Lines of authority are clear. Which two
organizations are examples of organizations with the functional
organizational structure? - ANSWER//(1) The U.S. Department
of State and (2) The U.S Department of Energy An organization
expects to use a project management office (PMO) to support
multiple projects that will be implemented within a projectized
organizational structure. Which implied effect is a benefit to
this organization? - ANSWER//Project team members gain
,access to historical data from other projects. Regardless of the
organizational structure used to manage a project, an
organization elects to use a project management office (PMO).
Which benefit will this organization gain? - ANSWER//Projects
will coordinate resource usage by monitoring the status of
shared resources. During a certain project phase, specific
blueprints are drawn and approved, materials and labor costs
are estimated, prototypes are created, and work activities and
tasks are identified. Also, quality expectations, measurements,
and costs are defined. During which project phase do these
activities occur? - ANSWER//Planning Place the project
activities in order of occurrence from first (1) to last (5). -
ANSWER//(1) Collecting customer requirements (2) Developing
the work breakdown structure (3) Working to produce project
deliverables (4) Customers evaluating the project outcomes (5)
Capturing lessons learned During which life cycle phase is the
vast majority of the actual work to produce the project's
deliverables completed? - ANSWER//Executing What is the
correct term for an intermediate outcome of project work, such
as a signed contract or obtaining a construction permit? -
ANSWER//Deliverable Which deliverable from a work
breakdown structure (WBS) is not specific enough to measure
its completion at project closure? - ANSWER//User training The
following table shows the Level 1 work breakdown structure
(WBS) for Project A. WBS ID Description 0.0 Project A 1.0
Project started 2.0 Feasiblity 3.0 Design 4.0 Development 5.0
Manufacturing 6.0 Distribution 7.0 Project completed Which
approach did the project manager use to structure the WBS? -
ANSWER//Sequence of project phases For the following
collapsed work breakdown structure (WBS) for Project O, the
project manager must complete the scope baseline. In addition
to the WBS, the scope baseline will contain two additional
documents. WBS ID Description 0.0 Project O 1.0 Project
started 2.0 Feasibility 3.0 Design 4.0 Development 5.0
Manufacturing 6.0 Distribution 7.0 Project completed What are
,the other two documents that belong in the scope baseline? -
ANSWER//WBS dictionary and project scope statement For the
following collapsed work breakdown structure (WBS) for
Project O, the project's steering committee held a phase gate
review of the Feasibility results. That review determined that
the project's proposed design would be obsolete before it
would reach the marketplace. WBS ID Description 0.0 Project O
1.0 Project started 2.0 Feasibility 3.0 Design 4.0 Development
5.0 Manufacturing 6.0 Distribution 7.0 Project completed
Which action should the project manager initiate? -
ANSWER//Terminating the project as soon as possible and
releasing the project's resources A project is an operational
necessity to repair a design flaw in the date field that constrains
the year number to two digits, instead of permitting the year to
be indicated with four digits. If the project is not completed
before December 31, 1999, many legacy programs are
expected to fail or produce unpredictable outcomes. The
marketing department wants to upgrade its existing computer
equipment and have the costs included in the budget for this
project. The project team implemented the marketing
department's request without completing the formal change
control procedures. What has happened to the scope baseline
in this scenario? - ANSWER//Scope creep has caused a scope
variance. A general contractor is managing a highway
construction project that will repair a flood-damaged road. The
project was documented in a cost-plus-incentive fee contract
that specified a completion date of June 30. The Department of
Transportation has offered an incentive for early completion of
the repairs. Which triple-constraint baseline remains
unchanged by the effects of the incentive? - ANSWER//Scope In
Project A, the contract specifies that time is very important. All
of the scope must be completed, or the project will fail. The
project's objective requires the project team to work as quickly
as possible. Which triple constraint can be adjusted to permit
the project team to work as quickly as possible? -
, ANSWER//Cost In Project B, all of the scope must be completed,
or the project will fail. The work is important but not urgent.
Which triple constraint can be adjusted if the project's
objective requires the project team to work at the lowest
possible cost? - ANSWER//Time A project manager is discussing
the latest financial reports of a project to construct a grocery
store and is approximately 90% into the planning phase. The
project manager has been told by a project team member that
other grocery stores in the area have an automated teller
machine (ATM) for visitors. An ATM has not been discussed or
incorporated into the planning of this project nor have any
been incorporated into prior grocery store services. The leader
calls for the immediate addition of an ATM into all prior grocery
stores. Which non-numeric model is this leader using? -
ANSWER//Competitive necessity An organization has a surplus
of project dollars in the operating budget. The senior leader's
decision is to fund one more project with the remaining funds.
Of the three projects proposed, one of the projects was
selected without evaluation of feasibility or viability. Which
non-numeric model is this leader using? - ANSWER//Sacred
cow Each project team member generated a series of questions
to evaluate three projects. The checklist was compiled into one
list based on frequency of question content, such as personnel,
materials, experience, and time. The more frequent the
question content, the more likely the questions would be asked
first. Which two benefits result from this checklist approach? -
ANSWER//(1) Operational impact has been built in (2) Strategic
impact has been integrated. Each project team member
generated a series of questions to evaluate three projects. A
checklist was then compiled into one list based on the
frequency of question content, such as personnel, materials,
experience, and time. What is a disadvantage of using this
checklist approach? - ANSWER//Biases have not been
eliminated. To calculate money's worth today compared to in
the future - ANSWER//Time value of money To calculate future
