Portia's WGU C722, Exam Review Questions and answers, VERIFIED. (LATEST UPDATE 2024/2025)

Portia's WGU C722, Exam Review Questions and answers, VERIFIED. projects - -are temporary endeavors with a specified start and end date that exist to develop a unique product, service, or result. Which of the following would be established to organize the work required to coordinate several related efforts to create one or more deliverables that a company plans to complete over the new fiscal year? - -Program portifolio - -is a group of related programs which support a long term company goal or objective. Project Life Cycle Phases - -Defining, Planning, Executing, Closing Life Cycle Phase Defining - -The defining phase ends with the decision to accept or reject the project proposal. Life Cycle Phase Planning - -The planning phase is when project requirements are gathered from the stakeholders, and ends with the approval of the project scope, budget, and schedule. Life Cycle Phase Executing - -monitoring and controlling occur during execution to ensure that the project stays on track Life Cycle Phase Closing - -During the closing phase, all procurement activity is completed, the customer accepts delivery of the finished project, and project documentation is finished. Lessons learned are written during the closing phase. Which Life Cycle Phase is Iterative - -executing phase - planning will recur in order to make adjustments to the project trajectory What triple constraints does a project need to meet to be successful? - -Scope, Cost, Time A project to build a new city library is being planned using federal grant money. The library director, grant administrators, and city planners disagree on some points of the building design. Some stakeholders want to dedicate more community meeting space, while others want more shelves to increase the number of books in the library's collection. Which triple constraint is being debated? - -scope