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WGU C722 Unit 2 Project Management Concepts questions and answers 100% correct 2024
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WGU C722 Unit 2 Project Management Concepts questions and answers 100% correct 2024
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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
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