WGU C722 Project Management Exam Questions With Complete Solutions

WGU C722 Project Management Exam
Questions With Complete Solutions


Projects - CORRECT ANSWER✔✔-A temporary activity that creates a unique
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result.


Initiatives with specific goals and start and end dates.
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Develop a new product or service reduces cost add technology.
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Example of Projects - CORRECT ANSWER✔✔-* A car company developing a new
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passenger car. |


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* A freight company adding a computer program to optimize cargo carrying
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capacity.


* A construction company building a new facility for a customer.
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Operations - CORRECT ANSWER✔✔-Day-to-day activities in an organization.
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Continuous/ongoing.


Examples of Operations - CORRECT ANSWER✔✔-* A car company making cars.
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* An airline flying passsengers.
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,* A CPA firm completing taxes for clients.
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Product - CORRECT ANSWER✔✔-Something created by a project.
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Example of Product - CORRECT ANSWER✔✔-* A flu vaccine.
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* An office building.
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* The movie you just watched.
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* The design of the vehicle you drive.
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Business Scenario - CORRECT ANSWER✔✔-An imagined or projected sequence of
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events that is representative of a significant business need or problem, enables
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vendors to understand the value to the customer organization of a developed
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solution. |




Business Scenarios have this information: - Past events that are relevant- Current
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key information- Expected or desired outcomes
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Business Strategy - CORRECT ANSWER✔✔-The activities, methods, tactics, etc.
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that will be employed to meet the business's goals. Determined by senior
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management in the organization to improve the value of the company to its
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stakeholders.

,Subject Matter Expert (SME) - CORRECT ANSWER✔✔-A person who is an
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authority in a particular area or project.
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Program - CORRECT ANSWER✔✔-A group of related projects.
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Portfolio - CORRECT ANSWER✔✔-A group of initiatives (projects and programs)
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that a company engages in to improve its operations.
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Charter - CORRECT ANSWER✔✔-The definition of a project according to
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stakeholders. Defines how customer will determine if project met expectations.
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Includes a beginning, work steps, and clear and defined end.
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Business Case - CORRECT ANSWER✔✔-The justification for a project - Explains
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the business need.
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Project Life Cycle Phases - CORRECT ANSWER✔✔-Defining, Planning Executing,
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Closing


Defining - CORRECT ANSWER✔✔-Idea for project is generated and formalized.
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Decision on whether to implement is made. Ends when project charter is
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approved.


Planning - CORRECT ANSWER✔✔-Where detailed planning occurs. Level of detail
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aligns with the complexity of the project. Use Work Breakdown Structure to
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identify outcomes needed.
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, Can require significant time for large projects.
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Typically ends when baselines for scope, budget, and schedule are approved by
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the customer and/or sponsor and project team.
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Executing - CORRECT ANSWER✔✔-Where most of the work is done.
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Deliverables are completed. Progress is monitored and actions taken as needed
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to stay on track.
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May return to planning phase as needed if objectives can't be met, to modify
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budget, schedule, or scope. | | |




Critical to be careful of scope creep - don't add functionality without considering
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impact.


This phase is complete when all work activities and deliverables are ready to be
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delivered to customer/sponsor. | |




Closing - CORRECT ANSWER✔✔-When project outcomes are delivered to the
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customer and/or sponsor. | |




| Project Manager ties up loose ends
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* Reassign project resources back to company
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