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

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 Answer ️️ -Interdependent Tasks A firm begins its strategic business initiative of developing a new business model to enhance its competitiveness. What can be identified as a strategic business initiative for this firm? - Correct Answer ️️ -Improvement in product design A firm begins a strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers. - Correct Answer ️️ -Project sponsor Which group is included in the five process groups? - Correct Answer ️️ -Closing process group What does PRINCE2 stand for? - Correct Answer ️️ -PRojects IN a Controlled Environment Which PMBOK process group is described as the delivery part of project management where the main activity happens? - Correct Answer ️️ -Executing Which advantage does the functional (departmentalized) organizational structure provide for a firm with multiple projects? - Correct Answer ️️ -Lines of authority are clear. Which two organizations are examples of organizations with the functional organizational structure? - Correct Answer ️️ -(1) The U.S. Department of State and (2) The U.S Department of Energy An organization expects to use a project management office (PMO) to support multiple projects that will be implemented within a projectized organizational structure. Which implied effect is a benefit to this organization? - Correct Answer ️️ -Project team members gain access to historical data from other projects. Regardless of the organizational structure used to manage a project, an organization elects to use a project management office (PMO). Which benefit will this organization gain? - Correct Answer ️️ -Projects will coordinate resource usage by monitoring the status of shared resources. During a certain project phase, specific blueprints are drawn and approved, materials and labor costs are estimated, prototypes are created, and work activities and tasks are identified. Also, quality expectations, measurements, and costs are defined. During which project phase do these activities occur? - Correct Answer ️️ -Planning Place the project activities in order of occurrence from first (1) to last (5). - Correct Answer ️️ -(1) Collecting customer requirements (2) Developing the work breakdown structure (3) Working to produce project deliverables (4) Customers evaluating the project outcomes (5) Capturing lessons learned During which life cycle phase is the vast majority of the actual work to produce the project's deliverables completed? - Correct Answer ️️ -Executing What is the correct term for an intermediate outcome of project work, such as a signed contract or obtaining a construction permit? - Correct Answer ️️ -Deliverable Which deliverable from a work breakdown structure (WBS) is not specific enough to measure its completion at project closure? - Correct Answer ️️ -User training The following table shows the Level 1 work breakdown structure (WBS) for Project A. WBS ID Description 0.0 Project A 1.0 Project started 2.0 Feasiblity 3.0 Design 4.0 Development 5.0 Manufacturing 6.0 Distribution 7.0 Project completed Which approach did the project manager use to structure the WBS? - Correct Answer ️️ -Sequence of project phases For the following collapsed work breakdown structure (WBS) for Project O, the project manager must complete the scope baseline. In addition to the WBS, the scope baseline will contain two additional documents. WBS ID Description 0.0 Project O 1.0 Project started 2.0 Feasibility 3.0 Design 4.0 Development 5.0 Manufacturing 6.0 Distribution 7.0 Project completed What are the other two documents that belong in the scope baseline? - Correct Answer ️️ -WBS dictionary and project scope statement For the following collapsed work breakdown structure (WBS) for Project O, the project's steering committee held a phase gate review of the Feasibility results. That review determined that the project's proposed design would be obsolete before it would reach the marketplace. WBS ID Description 0.0 Project O 1.0 Project started 2.0 Feasibility 3.0 Design 4.0 Development 5.0 Manufacturing 6.0 Distribution 7.0 Project completed Which action should the project manager initiate? - Correct Answer ️️ -Terminating the project as soon as possible and releasing the project's resources A project is an operational necessity to repair a design flaw in the date field that constrains the year number to two digits, instead of permitting the year to be indicated with four digits. If the project is not completed before December 31, 1999, many legacy programs are expected to fail or produce unpredictable outcomes. The marketing department wants to upgrade its existing computer equipment and have the costs included in the budget for this project. The project team implemented the marketing department's request without completing the formal change control procedures. What has happened to the sco