Exam (elaborations)
WGU C722 Unit 2 Project Management Concepts questions and answers 100% correct 2024
- Course
- Institution
WGU C722 Unit 2 Project Management Concepts questions and answers 100% correct 2024
[Show more]
Content preview
WGU C722 Unit 2 Project ManagementConcepts
Operations - correct answer ✔____________ are the ongoing, daily activities
of an organization that produces revenue and expense.
project - correct answer ✔A ________ is an activity or group of activities to
generate a new, unique product, service, or results.
portfolio - correct answer ✔A _______ is a group of related programs that
support a long-term company goal or objective.
Business strategy - correct answer ✔_______ consists of the activities,
methods, tactics, etc. that will be employed to meet the business's goals.
These may include:
- increased market share and profitability through entry into a new market
segment,
- customer retention by best customer services in the industry,
- compliance with new and revised government requirements, and
- reduced costs by providing best tools and systems to operational personnel.
program - correct answer ✔A _______ is a group of related projects.
Project Management - correct answer ✔_______ is the application of
knowledge, skills, tools and techniques to ensure the project meets the goals.
Phases of the Project Life Cycle - correct answer ✔Defining, Planning,
executing and closing are _______.
, project defining phase - correct answer ✔The idea for the project is
formalized into a project proposal and the decision on whether the project will
be selected for implementation is made during the _______.
project planning phase - correct answer ✔Detailed planning occurs during
the ______.
project executing phase - correct answer ✔The bulk of the work to complete
the project outcomes occurs during the ________.
project closing phase - correct answer ✔The _________ of the project
occurs when the project is completed to the customers' satisfaction.
triple constraint - correct answer ✔The ______ includes the cost (budget),
schedule (time), and scope (deliverables).
Project Manager (PM) - correct answer ✔The __________ is responsible
and accountable for managing the project to maximize its success
Functional (Departmentalized) - correct answer ✔The ___________ is the
oldest and most basic form of organization. It is the type of organization most
often represented in corporation shareholder reports
Business scenario - correct answer ✔A ______________ represents an
important business need or issue and provides an opportunity for others to
create an appropriate, valuable solution
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 $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83637 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now