WGU C176 Project Management TPV1 Rated A+

WGU C176 Project Management TPV1 Rated A+ Acceptance criteria Requirements and conditions that must be met before the project deliverables are formally accepted. Acceptance test A group of end-users work with the final product to test it for unidentified issues that may appear during routine use. Also known as User Acceptance Testing (UAT). Actual duration The number of hours or days expanded to complete a project activity. Actual effort The actual number of person hours or days expended to complete an activity. Activity A specified piece of work that needs to be completed. An activity typically has an expected duration, cost and requires certain resources. Also known as task. Activity list A list of the defined activities that need to be completed for a project. Activity sequencing Identifying activity dependency relationships (how activities affect each other) and determining the best order to perform the activities to complete the project. Actual cost (AC) The actual cost expanded to complete a project activity or work package. Assignment The activities team members are responsible to complete. Assumptions Factors that are believed to be true and affect project planning. Assumptions may impact risk and should always be documented and validated. Baseline Represents the original approved plan for schedules, costs, etc. and is used to monitor and control ongoing project performance. Budget The amount of money allocated for a project. Budget at completion (BAC) The budget estimate determined in the planning phase for a work package or entire project to be completed. Business value The positive impact for the business that will be achieved with completion of the project (e.g. generate revenue, customer satisfaction, etc.). Change control board A group of stakeholders responsible for reviewing and accepting or rejecting changes to the project. Change control process A process that ensures changes to the project are identified, evaluated, approved, documented and managed.