WGU C722 Project Management Questions and answers, 100% Accurate. VERIFIED. (LATEST UPDATE 2024/2025)

WGU C722 Project Management Questions and answers, 100% Accurate. VERIFIED. What is a project? - -Is any temporary endeavor with a specified start and end date that results in a unique product, service, or result. Project management - -involves managing everything about the project to get the desired result. Organizations are complex entities that engage in two types of activities: - -operations and projects. Operations - -ongoing, daily activities of an organization that produce revenue and expense. They continue over an indefinite period of time, creating business transactions and delivering products and services that generate revenue. They are the activities that typically are thought of as what the organization "does." There is no start and end date. Projects - -modifies the business or its products for future profitability. Develops a new product or service, including: new technology features, an improved service, or cost reduction for the business in providing services, such as better accounting systems. Examples of projects - -new technology features, an improved service, or cost reduction for the business in providing services, such as better accounting systems. Frank and Lillian Gilbreth were the "parents" of - -what is now known as time and motion study. Frederick Taylor - -is known as the father of the scientific management. Henry Gantt - -he studied management techniques in the construction of navy ships used in the First World War. As a result of his studies, he created the Gantt chart, a horizontal bar chart that sequences tasks and provides duration of each task. Project managers must have competency in ten distinct knowledge areas: - -Integration management: Scope management: Time management: Cost management: Quality management: Human Resource management: Procurement management: Stakeholder management: Integration management: - -Includes processes and activities needed to identify, define, and coordinate various processes and project management activities project triple constraints - -A primary focus of Project Management is to achieve all project goals and objectives, while honoring preconceived constraints. The primary constraints of project management are three: "scope, time, and budget", which also may be termed "scope, schedule, and cost". These three factors are known as the "triple constraints", but also are referred to as the "project management triangle", and the "constraint triad". Scope management: - -Includes the processes that ensure that all the work required is identified to complete the project successfully Time management: - -Includes the processes required to manage the timely completion of the project Cost management: - -Includes the processes involved in planning, estimating, budgeting, managing, and controlling costs so that the project can be completed within the approved budget Quality management: - -Includes processes and activities that determine quality policies, objectives, and responsibilities Human resource management: - -Includes the processes that organize, manage, and lead the project team Communication management: - -Includes processes to ensure timely and appropriate planning, creation, distribution, management, control, and monitoring of projec