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C722- Project Management, WGU C722 (Pre), WGU C722 Project Management Terminology, WGU C722 Project Management Terminology, WGU C722 Equations A firm begins its 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 strateg...

While getting ready to manage the project schedule, the project manager would like to document how accurate the schedule must be and what model the team will use to create the schedule. What document would have this information? ​ - Scope Management Plan ​ - Schedule Management Plan ​ - Schedule Baseline ​ - Schedule Data Schedule Management Plan: The schedule management plan will describe how the schedule will be planned, developed, managed, executed, and controlled throughout...

CAPM Practice Exam 265 Questions with Verified Answers Which of the following is the process of monitoring the status of the project to update the project schedule and manage changes to the schedule? - CORRECT ANSWER Control schedule Risk transference nearly often involves: - CORRECT ANSWER Payment of a risk premium to the party taking on the risk The interaction of the various system components creates the organizational culture and capabilities that are important for the project. Whic...

1. Question:All of the following are advantages associated with assigning both core team members and subject matter experts to the project as soon as possible EXCEPT: 2. Question: All of the following are among the activities a project manager should undertake to develop a highly effective team EXCEPT: 3. Question: During which stage of team development do team members attempt to jockey for power, ask many questions and establish dubious goals? 4. Question: The personal values of team member...

CAPM Exam 1|100 Questions with Verified Answers You are a project manager for your company and are helping management choose a project. You've been presented with the following information: Project 1 has a net present value of $25,000 and will take five years to complete. Project 2 has a net present value of $45,000 and will take two years to complete. Project 3 has a net present value of $33,500 and will take six years to complete. Which project should your company choose to complete? - COR...

Plan scope management the process of developing a plan that includes the total scope of what needs to be done and what is excluded from the project; implementation and validation of the scope; and how to control deviations from the scope statement. Total scope = product scope + project scope Product scope outputs the team will deliver to its customers Project scope the work needed to be performed in order to deliver the project's outputs Requirement a condition or capability needed by a use...

PC 1.09 Baselines question with complete solution rated A+ 2023(UPDATED)PC 1.09 Baselines question with complete solution rated A+ 2023 Baseline - correct answer The *approved* version of a work product that can be changed only through formal change control procedures and is used as a basis for comparison. Various baselines - correct answer cost, schedule, scope, performance, product, cash, technical (last 3 less common). Help you measure and monitor your project Cost Baseline - corr...

WGU C176 Business of IT Project Management CompTIA Project (2022/2023) Rated A+ Discounted Cash Flow is the total value of each year's expected cash inflow in TODAY'S DOLLARS NPV is calculated by: subtracting the initial investment from the total of the expected cash inflows stated in today's dollars. ex. if initial is higher than cash flows so NPV is less than zero and project should be rejected Negotiating involves... obtaining mutually acceptable agreements with individuals or groups L...

Develop Project Charter - Inputs: Project statement of work, business case, contract, enterprise environment factors, organizational process assets Outputs: Project Charter Identify Stakeholders - Inputs: Project Charter, enterprise environment factors, Organizational Process Assets, Procurement Documents Outputs: Stakeholder Management Strategy, Stakeholder register Develop Project Management Plan - Inputs: Project Charter, enterprise environment factors, Organizational Process Assets, O...

CAPM PRACTICE EXAM 3|197 Questions with Verified Answers "QUESTION NO: 1 Power, urgency and legitimacy are attributes of which stakeholder classification model? salience influence/impact power/interest power/influence - CORRECT ANSWER Power, urgency and legitimacy are attributes of which stakeholder classification model? salience "QUESTION NO: 2 Through whom do project managers accomplish work? consultants and stakeholders stakeholders and functional managers project team...