WGU Project Management 5 Questions and Answers Graded A+
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Course
WGU Project Management 5
Institution
WGU Project Management 5
WGU Project Management 5 Questions
and Answers Graded A+
Which is an essential component of risk management?
a) Closing the project
b) Identifying potential risks and planning responses
c) Reviewing stakeholder feedback
d) Finalizing the project budget
Which tool is used to track the p...
WGU Project Management 5 Questions
and Answers Graded A+
Which is an essential component of risk management?
a) Closing the project
✔✔b) Identifying potential risks and planning responses
c) Reviewing stakeholder feedback
d) Finalizing the project budget
Which tool is used to track the progress of tasks against their planned schedule?
a) Fishbone diagram
b) Stakeholder matrix
✔✔c) Gantt chart
d) Pareto chart
What is the main goal of stakeholder analysis?
✔✔a) To identify stakeholders and understand their needs and influence
b) To assign roles to project team members
c) To document lessons learned from past projects
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,d) To track the project budget
How can earned value management (EVM) benefit project management?
✔✔a) By measuring project performance against scope, schedule, and cost baselines
b) By identifying stakeholders' roles
c) By prioritizing tasks based on team preferences
d) By creating a contingency budget
What is the purpose of a project scope statement?
a) To assign responsibilities to the team
✔✔b) To define the boundaries and deliverables of the project
c) To document stakeholder communications
d) To calculate the project budget
Which phase of a project includes performance reporting?
a) Initiation
b) Planning
✔✔c) Execution
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, d) Closing
Why is resource leveling performed in project management?
✔✔a) To avoid overloading team members or resources
b) To extend the project timeline
c) To calculate project risks
d) To prioritize the most critical tasks
What is a primary purpose of lessons learned documentation?
✔✔a) To improve processes in future projects by analyzing successes and failures
b) To allocate resources for upcoming tasks
c) To assign stakeholder responsibilities
d) To measure team performance during execution
Which is an example of a fixed cost in a project?
✔✔a) Purchasing new software licenses
b) Overtime pay for team members
c) Variable supply costs
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