Wbs dictionary Study guides, Class notes & Summaries

Perform Qualitative Risk Analysis prioritizing , assessing RISKS probability and impact occurrence . Perform Qualitative Risk Analysis key benefit : 1-level of uncertainty reduction 2-high priority focus Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More Perform Qualitative Risk Analysis process - rapid - cost effective - laying quantitative and plan response foundations prioritize r...

CAPM Exam 196 Questions with Verified Answers Cost Variance formula - CORRECT ANSWER Earned Value (EV) - Actual Cost (AC) What are the 6 constraints? - CORRECT ANSWER Scope, Risk, Resources, Quality, Schedule, Budget Initiating (Process Group) - CORRECT ANSWER Processes performed to define a new PROJECT or a new PHASE of an existing project Planning (Process Group) - CORRECT ANSWER Processes performed to establish total scope of effort, define and refine objectives, and develop a cou...

CAPM PRACTICE Exam 89 QUESTIONS with Verified Answers For which of the following project management knowledge areas, accountability cannot be delegated by the project manager to someone else? A. Integration Management B. Schedule Management C. Cost Management D. Scope Management - CORRECT ANSWER A. Integration Management What can be tailored as part of project integration? A The appraisal process of the organization to suit the project team members B The project and development lif...

WGU - C783 Project Management, Questions and answers, VERIFIED. Name the steps in validating a project. - -Validate the business case, and then identify and analyze stakeholders. Name the 9 knowledge areas outlined in the PMBOK Guide. - -Scope, time, cost, quality, human resources, communications, risk, procurement and integration management Name the steps in validating a business case. - -feasibility study, justification, and alignment to the strategic plan In which project proc...

CAPM Practice Exam 151 Questions with Verified Answers What includes the reasons for project initiation, objectives and a decision on the project? - CORRECT ANSWER Business Case Crashing - CORRECT ANSWER A technique used to shorten the schedule duration for the least incremental cost by adding resources. Fast-Tracking - CORRECT ANSWER A schedule compression technique in which activities or phases normally done in sequence are performed in parallel for at least a portion of their duratio...

Project Management C722 - Pre-Assessment Study Verified Solutions A Firm begins it's strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers. To accomplish this, the firm initiates a business management project. Which aspect of project management applies to this firm's project? ️Interdependent Tasks A firm begins its strategic business initiative of developing a new business model to enhanc...

CAPM EXAM TERMS 100 Questions with Verified Answers Project - CORRECT ANSWER is a temporary endeavor undertaken to create a unique product, service or result. Definite beginning and an end. Project Management - CORRECT ANSWER is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements. operations - CORRECT ANSWER Ongoing, repetitive, for sustaining business. Responsible for overseeing, directing and controlling business operations...

When completed, the ______ can be used any time the scope of a project needs to be reevaluated WBS Difference between validating scope and closing project Without Validating the scope, and having the deliverables accepted you can't close the project or phase. Validating scope is basically assuring that a product, service, or system meets the needs of the customer and other identified stakeholders. It often involves acceptance and suitability with external customers. The Close Pro...

Benefit measurement methods Decision model that compares the benefits obtained from new project requests by evaluating them using the same criteria and comparing the results. Constrained optimization models Decision models that use statistics and other mathematical concepts to assess a proposed project. Cost-benefit analysis benefit measurement. Calculates the cost of producing the result of the project and compares to the financial gain the project will generate. Decision model Method of...

CAPM Practice 215 Questions with Verified Answers John is a project manager for a newly formed project team. The project team has worked hard for last 4 months and has taken very few leaves. John wants to motivate the team members by informing them that he can give a couple of paid leaves if they complete the Phase-1 deliverables on time. Which theory is applied by John to achieve the result? a) Achievement Theory b) Theory Y c) Expectancy Theory d) Contingency Theory - CORRECT ANSWER c...