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Project Management TPV1 and C176 WGU, Questions and Correct Answers, Complete solution 2024.
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Project Management TPV1 and C176 WGU, Questions and Correct Answers, Complete solution 2024. 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 ...

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  • March 29, 2024
  • 11
  • 2023/2024
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Project Management TPV1 and C176 WGU,
Questions and Correct Answers, Complete solution
2024.
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.
Change management plan
A plan that documents the process for managing
changes to the project.
Change request
A document that is submitted to request a change to
any part of the project management plan after the plan
was approved.
Communications
Relaying information so that all concerned parties have
an equal understanding.
Communications
management plan
A plan that documents who will receive information
about the project, what information they will receive,
when they will receive it and how the information will be
communicated. It also identifies the person who is
responsible for providing the information.
Consensus
A decision that a group agrees to support. It is usually
achieved by discussing the relevant issues and options.
Constraint
A financial, schedule, risk or resource-based limitation
on a project.
Contingency reserve
Allocation of resources to address possible adverse
events.
Contract
A legal, mutually-binding document between buyer and
seller covering the terms and conditions by which the
work must be completed.
Contract administration
Managing the relationship with the seller and
overseeing that all elements of the contract are met.

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