WGU C722 PROJECT MANAGEMENT
Projects - ANSWER -A temporary activity that creates a unique
result.
Initiatives with specific goals and start and end dates.
Develop a new product or service reduces cost add technology.
Example of Projects - ANSWER -* 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.
,Operations - ANSWER -Day-to-day activities in an organization.
Continuous/ongoing.
Examples of Operations - ANSWER -* A car company making
cars.
* An airline flying passsengers.
* A CPA firm completing taxes for clients.
Product - ANSWER -Something created by a project.
Example of Product - ANSWER -* A flu vaccine.
* An office building.
* The movie you just watched.
* The design of the vehicle you drive.
,Business Scenario - ANSWER -An imagined or projected
sequence of events that is representative of a significant
business need or problem, enables vendors to understand the
value to the customer organization of a developed solution.
Business Scenarios have this information: - Past events that are
relevant- Current key information- Expected or desired
outcomes
Business Strategy - ANSWER -The activities, methods, tactics,
etc. that will be employed to meet the business's goals.
Determined by senior management in the organization to
improve the value of the company to its stakeholders.
Subject Matter Expert (SME) - ANSWER -A person who is an
authority in a particular area or project.
Program - ANSWER -A group of related projects.
Portfolio - ANSWER -A group of initiatives (projects and
programs) that a company engages in to improve its operations.
, Charter - ANSWER -The definition of a project according to
stakeholders. Defines how customer will determine if project
met expectations. Includes a beginning, work steps, and clear
and defined end.
Business Case - ANSWER -The justification for a project -
Explains the business need.
Project Life Cycle Phases - ANSWER -Defining, Planning
Executing, Closing
Defining - ANSWER -Idea for project is generated and
formalized. Decision on whether to implement is made. Ends
when project charter is approved.
Planning - ANSWER -Where detailed planning occurs. Level of
detail aligns with the complexity of the project. Use Work
Breakdown Structure to identify outcomes needed.
Can require significant time for large projects.
Projects - ANSWER -A temporary activity that creates a unique
result.
Initiatives with specific goals and start and end dates.
Develop a new product or service reduces cost add technology.
Example of Projects - ANSWER -* 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.
,Operations - ANSWER -Day-to-day activities in an organization.
Continuous/ongoing.
Examples of Operations - ANSWER -* A car company making
cars.
* An airline flying passsengers.
* A CPA firm completing taxes for clients.
Product - ANSWER -Something created by a project.
Example of Product - ANSWER -* A flu vaccine.
* An office building.
* The movie you just watched.
* The design of the vehicle you drive.
,Business Scenario - ANSWER -An imagined or projected
sequence of events that is representative of a significant
business need or problem, enables vendors to understand the
value to the customer organization of a developed solution.
Business Scenarios have this information: - Past events that are
relevant- Current key information- Expected or desired
outcomes
Business Strategy - ANSWER -The activities, methods, tactics,
etc. that will be employed to meet the business's goals.
Determined by senior management in the organization to
improve the value of the company to its stakeholders.
Subject Matter Expert (SME) - ANSWER -A person who is an
authority in a particular area or project.
Program - ANSWER -A group of related projects.
Portfolio - ANSWER -A group of initiatives (projects and
programs) that a company engages in to improve its operations.
, Charter - ANSWER -The definition of a project according to
stakeholders. Defines how customer will determine if project
met expectations. Includes a beginning, work steps, and clear
and defined end.
Business Case - ANSWER -The justification for a project -
Explains the business need.
Project Life Cycle Phases - ANSWER -Defining, Planning
Executing, Closing
Defining - ANSWER -Idea for project is generated and
formalized. Decision on whether to implement is made. Ends
when project charter is approved.
Planning - ANSWER -Where detailed planning occurs. Level of
detail aligns with the complexity of the project. Use Work
Breakdown Structure to identify outcomes needed.
Can require significant time for large projects.
