Wbs dictionary Study guides, Class notes & Summaries

WGU C722 Test Bank Project Management, Top Exam Questions and answers, Approved. A Guide to Project Management Body of Knowledge (PMBOK Guide) The project management standard developed by the Project Management Institute. Benefit measurement methods A type of decision model that compares the benefits obtained from a variety of new project requests by evaluating them using the same criteria and comparing the results. Co-located When team members work together at the same physical locati...

WBS Dictionary correct answers A document that provides a description of each component - who is responsible for development - statement of work (SOW) - important milestones - estimate of costs and required resources Resource Scheduling correct answers A collection of techniques used to calculate the resources required to deliver the work and when they will be required. 1. create a network activity diagram first 2. adjust according to resource availability Duration correct ans...

UCF MAN 4583 Exam 2 Latest Update Already Passed Project Budget A realistic estimate of the cost to complete the project work Estimate too high; the project could be canceled Estimate too low; the project will cost more and don't deliver The Cost target you aim for as you manage a project Labor Cost What you paid people to work on the project Vendors Contractors Employees Burdened Cost For employees Salary Benefits May get the rates from accounting or HR departm...

You are assigned a new project. You learn that the technology department wants the project objective to be a 15% improvement in throughput. The operations' department wants no more than 3% of its resources used on the project and senior management is asking the project to reduce tax liability. As PM, the best thing you can do is: A. Encourage technology, operations, and management to meet and agree upon one objective B. Include only the senior management objective C. Include operations...

C722- Project Management, WGU C722 (Pre), WGU C722 Project Management Terminology, WGU C722 Project Management Terminology, WGU C722 Equations Questions and Answers 100% Pass 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? - Correct An...

Which if the following MUST be clearly defined in a project charter? Correct Answer-Scope Which of the following is the MAIN difference between an open-ended and close-ended problem statement? Correct Answer-An open-ended problem statement leads to multiple solutions while a close-ended one has limited solutions A project team member, Joe, has completed his project work. Although the project is not completed yet, Joe has been assigned by the PMO (Project Management Office) director to a ne...

PMAN 637 Project Risk Management Quiz 1 2024 Correct answers highlighted in YELLOW   PMAN 637 Project Risk Management Quiz 1 2024 Correct answers highlighted in YELLOW Question 1 (2 points) The WBS captures A. How work is organized and sequenced B. The priority of project work components C. All the work required to realize the project's requirements D. Detailed costs associated with key work components Question 2 (1 point) The WBS is a critical project artifact which infl...

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, ...

51. The scope baseline consists of: A. The Scope Management Plan, the Project Scope Statement, and the WBS B. The Scope Management Plan, Requirements Documents, and the WBS C. The Scope Management Plan, the WBS, and the WBS Dictionary D. The Project Scope Statement, the WBS, and the WBS Dictionary - ANSWER-51. Answer: D The scope baseline is made up of the Project Scope Statement and the WBS and the WBS Dictionary. The WBS Dictionary is considered a supporting document to the WBS, so if the...

19 -CAPM Final Practice Exam 150 Questions with Verified Answers The processes required to define the scope of the project, refine the objectives, and determine the appropriate course of action to achieve the project objectives. A. Executing process group B. Monitoring and controlling process group C. Scoping process group D. Planning process group - CORRECT ANSWER Workbook, CAPM Final Practice Exam, page 210, #1 Answer: D The processes that track, review, and regulate the p...