Exam (elaborations)
C722 WGU Phases of the Project Life Cycle Module 11 questions and answers certified 2024
- Course
- Institution
C722 WGU Phases of the Project Life Cycle Module 11 questions and answers certified 2024
[Show more]
Content preview
C722 WGU Phases of the Project LifeCycle Module 11
Project Life Cycle Phases - correct answer ✔Defining, Planning, Executing
and Closing. This is a high level view of project managment.
Defining - correct answer ✔The defining phase begins when an idea for a
project is identified. During the defining phase, there will likely be few people
involved in the initial development of the project proposal and the evaluation
of which projects will be undertaken. At this time of the project, the
relationship with the customer begins to be defined and a project charter or
contract for the project begins to be formulated. This phase ends when the
decision to reject or accept the project proposal and if approved, the project
sponsor will approve the project charter.
Planning - correct answer ✔As the project moves into the planning phase,
subject matter experts may be added to the project team in order to carefully
plan and budget the activities that will need to be completed. Stakeholders
and team identifies the work activities necessary to produce the project
deliverables. A Work Breakdown Structure is developed The planning phase
ends when the approval of the project scope, budget, and schedule are
approved.
Executing - correct answer ✔In the execution phase large numbers of people
may be added to the project in order to complete the work.. The real work to
complete the project. Team uses the plan to produce the project outcomes.
The project executing phase is when the PM and the project team roll up their
sleeves and complete the work activities identified in the project plan: This is
when planning, executing, monitoring and controlling, and closing processes
will be completed. The procurement people will use the procurement
management plan to begin acquiring external materials or services needed for
the project. The human resources management plan will guide the PM in how
to select team members, and then provide them with a project orientation and
training. Project team members will begin completing activities that either
, create the project outcomes or will be related to the various planning areas
(communication, quality, stakeholder management, etc.) to ensure that the
project is delivered as planned..
Closting - correct answer ✔In the final closing phase, the team members will
have completed the major work and a smaller team may remain to turn the
results over to the customer.
Project Scope - correct answer ✔The project scope is a written statement
summarizing the work that will be completed to provide a project outcome that
will meet the customer and/or sponsor's requirements. Once the initial project
scope is agreed upon, the project team will use it to focus their planning
efforts, so it needs to be comprehensive enough that the team understands
the requirements and how they can be achieved. Only then can they do work
breakdown and divide up the work and create a realistic budget and schedule.
Project Justification - correct answer ✔The project justification is a statement
explaining the business need for the project. This is sometimes referred to as
the business case. The project justification helps tie the project back to the
strategic and operational goals of the company and its mission. If a company
wants to increase its revenue by 15% next year, a project proposal may be
justified by its potential contribution to that revenue goal.
Project Sponsor - correct answer ✔The person in the project organization
who has authority to expend resources for projects will likely be the project
sponsor
Project Charter - correct answer ✔The project sponsor will sign the project
charter, which summarizes all of the key information about the project and
authorizes the project manager to assemble the team and begin detailed
planning. The issuance of the project charter officially ends the defining phase
of the project life cycle.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LEWISSHAWN55. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73091 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now