WGU C722 Project Management Questions and answers, 100% Accurate. VERIFIED 2024

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.