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WGU - C722 Questions and Answers Already Passed What is the purpose of a project risk management plan? To identify, assess, and outline the strategies for addressing potential risks throughout the project lifecycle. What is a project milestone? A significant event or achievement that marks a key point in the project timeline, often signaling the completion of major tasks. What is the role of the sponsor in project management? To provide financial resources, support, and high-...

Project Management WGU - Pre Assessment Questions with Verified Solutions What does the triple constraint in project management refer to? Time, cost, and scope, which are the three primary constraints that project managers must balance. What is a Gantt chart used for in project management? To visually represent the project schedule, showing task durations and dependencies over time. What is the purpose of a stakeholder analysis in project management? To identify key stakehol...

WGU C722 Project Management Questions and Answers Graded A+ How does a work breakdown structure (WBS) help in project management? It decomposes the project into smaller, manageable sections, helping to organize tasks and assign responsibilities clearly. What is the purpose of a project charter? To formally initiate the project, define its objectives, scope, stakeholders, and roles, and secure approval to proceed. Why is scope creep a concern in project management? It leads to u...

WGU C722 Project Management - Study Guide Questions and Answers Rated A+ What is the function of a project risk analysis? To identify, evaluate, and prioritize risks to determine their potential impact on the project’s success and develop strategies to mitigate them. What is the purpose of a project schedule baseline? To establish a baseline for project timelines that allows for measuring and comparing actual performance against the planned schedule. What is the purpose of proj...

Project Management C722 - Pre- Assessment Study Questions with Verified Answers How does project integration management contribute to the success of a project? It ensures that all aspects of the project are properly coordinated, including the development of the project plan, execution, and closing. What is the difference between a milestone and a deliverable? A milestone marks a significant point in the project timeline, while a deliverable is a tangible output produced during ...

WGU Project Management C722 Unit 8 Quiz Already Passed What is a stakeholder analysis used for? a) To identify the project’s financial status b) To assess the influence, interests, and expectations of stakeholders c) To manage project quality d) To analyze the team’s performance What does the term “earned value” refer to in project management? a) A performance measurement that compares the planned progress with the actual progress b) The total cost incurred during the proj...

What is the purpose of a project quality management plan? It defines the quality requirements for the project and outlines how the project team will ensure that these requirements are met. What does "float" or "slack" mean in project scheduling? Float or slack refers to the amount of time that a task can be delayed without affecting the overall project schedule. What is the formula for calculating the Cost Performance Index (CPI)? CPI = EV (Earned Value) / AC (Actual Cost)...

WGU Project Management C722 Unit 8 Module 31 Rated A+ What is the formula for calculating Schedule Variance (SV)? a) SV = EV – AC b) SV = PV – EV c) SV = EV – PV d) SV = AC – EV What is the primary objective of the project communication plan? a) To set up a timeline for project activities b) To define how and when project information will be communicated to stakeholders c) To manage project risks d) To allocate project resources What is the purpose of a change contr...

WGU Project Management 3 Questions and Answers Graded A+ What is the primary purpose of a project charter? a) To allocate tasks to team members b) To determine the project budget c) To formally authorize a project and define its objectives d) To create the project’s risk management plan What is the role of a project scope statement? a) To clearly define the boundaries, objectives, and deliverables of a project b) To list the project’s key risks and mitigation strategies c) To...

WGU Project Management 4 Questions and Answers Graded A+ What is the definition of project constraints? a) The limitations of project team members b) The restrictions or limitations that impact the project’s ability to succeed, such as time, budget, and resources c) The goals and objectives of the project d) The tools used to complete project tasks What is the purpose of a stakeholder engagement plan? a) To identify project risks b) To track project team performance c) To outl...