WGU C722
WGU C722 Project Management-Study
Guide Exam Questions with Detailed
Solutions 2026
Projects
A temporary activity that creates a unique result.
Initiatives with specific goals and start and end dates. Develops a new
product or service, reduce costs, add technology, etc.
Operations
Day-to-day activities in an organization. Continuous & ongoing.
Product
Something created by a project.
Business Scenario
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
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 Experts
WGU C722
,WGU C722
SMOs. A person who is an authority in a particular area or project.
Program
A group of related projects.
Portfolio
A group of initiatives (projects and programs) that a company engages in to
improve its operations.
Charter
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
The justification for a project - Explains the business need.
Project Life Cycle Phases
Defining, Planning Executing, Closing
Defining
Where detailed planning occurs. Level of detail aligns with complexity of
project. Use Work Breakdown Structure to identify outcomes needed.
Can require significant time for large projects.
Typically ends when baselines for scope, budget, and schedule are approved
by customer and/or sponsor and project team.
Executing
Where most of the work is done.
Deliverables are completed. Progress is monitored and actions taken as
needed to stay on track.
WGU C722
,WGU C722
May return to planning phase as needed if objectives can't be met, to modify
budget, schedule, or scope.
Critical to be careful of scope creep—don't add functionality without
considering impact.
This phase is complete when all work activities and deliverables are ready to
be delivered to customer/sponsor.
Closing
When project outcomes are delivered to the customer and/or sponsor.
Project Manager ties up loose ends:
- Reassign project resources back to company
- Document project results and lessons learned
- Close out procurement activities
- Verify completed project is transitioned to customer
SMART Goals
Specific
Measurable
Achievable
Relevant
Time Based
Project Management
The act of running a project and encompasses the use of general management
or specific project management knowledge, skills, tools, and techniques to
ensure that the project meets its goals.
Aspects of project management
WGU C722
, WGU C722
Stakeholder Relations
Managing Interdependent Tasks
Managing Volatility
Communications
Schedule Development
Work Breakdown
PERT charts
Risk Management
Project Sponsor
The individual (often manager or executive) with overall accountability for a
project. Primarily concerned with ensuring project delivers agreed upon
benefits.
Project Manager
The people who guide projects. Need 10 competencies:
Integration management - includes processes/activities needed to identify,
define, and coordinate various processes and project management activities.
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/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 project information.
WGU C722
WGU C722 Project Management-Study
Guide Exam Questions with Detailed
Solutions 2026
Projects
A temporary activity that creates a unique result.
Initiatives with specific goals and start and end dates. Develops a new
product or service, reduce costs, add technology, etc.
Operations
Day-to-day activities in an organization. Continuous & ongoing.
Product
Something created by a project.
Business Scenario
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
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 Experts
WGU C722
,WGU C722
SMOs. A person who is an authority in a particular area or project.
Program
A group of related projects.
Portfolio
A group of initiatives (projects and programs) that a company engages in to
improve its operations.
Charter
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
The justification for a project - Explains the business need.
Project Life Cycle Phases
Defining, Planning Executing, Closing
Defining
Where detailed planning occurs. Level of detail aligns with complexity of
project. Use Work Breakdown Structure to identify outcomes needed.
Can require significant time for large projects.
Typically ends when baselines for scope, budget, and schedule are approved
by customer and/or sponsor and project team.
Executing
Where most of the work is done.
Deliverables are completed. Progress is monitored and actions taken as
needed to stay on track.
WGU C722
,WGU C722
May return to planning phase as needed if objectives can't be met, to modify
budget, schedule, or scope.
Critical to be careful of scope creep—don't add functionality without
considering impact.
This phase is complete when all work activities and deliverables are ready to
be delivered to customer/sponsor.
Closing
When project outcomes are delivered to the customer and/or sponsor.
Project Manager ties up loose ends:
- Reassign project resources back to company
- Document project results and lessons learned
- Close out procurement activities
- Verify completed project is transitioned to customer
SMART Goals
Specific
Measurable
Achievable
Relevant
Time Based
Project Management
The act of running a project and encompasses the use of general management
or specific project management knowledge, skills, tools, and techniques to
ensure that the project meets its goals.
Aspects of project management
WGU C722
, WGU C722
Stakeholder Relations
Managing Interdependent Tasks
Managing Volatility
Communications
Schedule Development
Work Breakdown
PERT charts
Risk Management
Project Sponsor
The individual (often manager or executive) with overall accountability for a
project. Primarily concerned with ensuring project delivers agreed upon
benefits.
Project Manager
The people who guide projects. Need 10 competencies:
Integration management - includes processes/activities needed to identify,
define, and coordinate various processes and project management activities.
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/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 project information.
WGU C722
