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

WGU C722 Project Management, Exam Review Questions and answers, 100% Accurate. VERIFIED. What is a project? Any temporary endeavor with specific start and end dates that results in a unique product, service, or result What does project management involve? Managing everything about the project to get the desired result What are organizations? Complex entities that engage in two types of activities: operations and projects What is a project (in terms of business activity)? A project modifies the business or its products for future profitability. A project 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. Why are organizations becoming increasingly complex? - Changing workforce demographics - Increased use of technology - Increase in cross-cultural workforce and customer bases - Increase in international activities - Increase in demand for high-complexity, low-cost products - Shorter product life cycles - Increase in corporate social responsibility - Increase in corporate ethical practices Who were the "parents" of time and motion study? Frank and Lillian Gilbreth Who was the father of scientific management? Frederick Taylor Which associate of Frederick Taylor studied organizational operations, specifically management technique in the construction of WWI Navy ships? Henry Gantt What is a Gantt chart? A horizontal bar chart that sequences tasks and provides the duration of each task What are the 10 distinct areas in which project managers must be competent? - Integration management - Scope management - Time management - Cost management - Quality management - Human resources management - Communication management -Risk management - Procurement management - Stakeholder management What is a mnemonic for remembering the 10 competencies a project manager must have? It's so tricky (to) cradle quirky hounds. CR(i)P(e)S! Integration, scope, time, cost, quality, human resources, communication, risk, procurement, stakeholder What is integration management? Includes processes and activities needed to identify, define, and coordinate various processes and project management activities What is scope management? Includes the processes that ensure that all the work required is identified to complete the project successfully What is time management? Includes the processes required to manage the timely completion of the project What is 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 What is quality management? Includes processes and activities that determine quality policies, objectives, and responsibilities What is human resources management? Includes the processes that organize, manage, and lead the project team What is communication management