WESTERN GOVERNOR UNIVERSITY (WGU)
COLLEGE OF BUSINESS
PROJECT MANAGEMENT FINAL EXAMINATION -2026
COURSE TITLE: PROJECT MANAGEMENT
COURSE CODE: __C722
ASSESSMENT TYPE: OBJECTIVE ASSESSMENT
TIME ALLOWED: ______________________
Project
A temporary activity that creates a unique result.
Initiatives with specific goals and start and end dates. Develop a new product or service, reduce
costs, add technology, etc.
Examples:
A car company developing a new passenger car.
A freight company adding a computer program to optimize cargo carrying capacity.
,A construction company building a new facility for a customer.
Project Life Cycle Phases
Defining, Planning, Executing, Closing
Defining phase
Idea for the project is generated and formalized into a project proposal and the decision on
whether the project will be selected for implementation is made
Planning phase
Where detailed planning occurs. Level of detail aligns with complexity of project. Use Work
Breakdown Structure to identify outcomes needed.
Can require significant time for large projects.
Typically ends when baselines for scope, budget, and schedule are approved by customer
and/or sponsor and project team.
Executing phase
Where most of the work is done.
Deliverables are completed. Progress is monitored and actions taken as needed to stay on track.
,May return to planning phase as needed if objectives can't be met, to modify budget, schedule,
or scope.
Critical to be careful of scope creep - don't add functionality without considering impact.
This phase is complete when all work activities and deliverables are ready to be delivered to
customer/sponsor.
Closing phase
When project outcomes are delivered to the customer and/or sponsor.
Project Manager ties up loose ends:
- Reassign project resources back to company
- Document project results and lessons learned
- Close out procurement activities
- Verify completed project is transitioned to customer
Triple Constraints of Project Management
Describes the required balance of time, cost, and scope for a project.
Change Control Board (CCB)
Those with authority to approve changes.
, Ensures change doesn't negatively impact the project's triple constraint of time, cost, and
scope.
Can be a small group of individuals from within a project team.
PMBOK
Project Management Body of Knowledge
Functional/Departmentalized Org
Oldest & most basic form.
PROS
Clear lines of authority.
SMEs can work on multiple projects.
Flexible use of staff within unit.
Easy to prioritize dept work within unit.Clear paths for career growth.
CONS
COLLEGE OF BUSINESS
PROJECT MANAGEMENT FINAL EXAMINATION -2026
COURSE TITLE: PROJECT MANAGEMENT
COURSE CODE: __C722
ASSESSMENT TYPE: OBJECTIVE ASSESSMENT
TIME ALLOWED: ______________________
Project
A temporary activity that creates a unique result.
Initiatives with specific goals and start and end dates. Develop a new product or service, reduce
costs, add technology, etc.
Examples:
A car company developing a new passenger car.
A freight company adding a computer program to optimize cargo carrying capacity.
,A construction company building a new facility for a customer.
Project Life Cycle Phases
Defining, Planning, Executing, Closing
Defining phase
Idea for the project is generated and formalized into a project proposal and the decision on
whether the project will be selected for implementation is made
Planning phase
Where detailed planning occurs. Level of detail aligns with complexity of project. Use Work
Breakdown Structure to identify outcomes needed.
Can require significant time for large projects.
Typically ends when baselines for scope, budget, and schedule are approved by customer
and/or sponsor and project team.
Executing phase
Where most of the work is done.
Deliverables are completed. Progress is monitored and actions taken as needed to stay on track.
,May return to planning phase as needed if objectives can't be met, to modify budget, schedule,
or scope.
Critical to be careful of scope creep - don't add functionality without considering impact.
This phase is complete when all work activities and deliverables are ready to be delivered to
customer/sponsor.
Closing phase
When project outcomes are delivered to the customer and/or sponsor.
Project Manager ties up loose ends:
- Reassign project resources back to company
- Document project results and lessons learned
- Close out procurement activities
- Verify completed project is transitioned to customer
Triple Constraints of Project Management
Describes the required balance of time, cost, and scope for a project.
Change Control Board (CCB)
Those with authority to approve changes.
, Ensures change doesn't negatively impact the project's triple constraint of time, cost, and
scope.
Can be a small group of individuals from within a project team.
PMBOK
Project Management Body of Knowledge
Functional/Departmentalized Org
Oldest & most basic form.
PROS
Clear lines of authority.
SMEs can work on multiple projects.
Flexible use of staff within unit.
Easy to prioritize dept work within unit.Clear paths for career growth.
CONS
