Project life cycle phases - Study guides, Class notes & Summaries

IT 343 Midterm Exam | Verified with 100% Correct Answers What is project management? A. The ability to complete a task within a given amount of time B. The ability to complete a task within a given budget C. The ability to manage a temporary endeavor to create a unique product or service, on time and within budget D. The ability to administer a series of chronological tasks within a given amount of time and under budget All of the following are project management process groups except for whi...

Projects - A temporary activity that creates a unique result. Initiatives with specific goals and start and end dates. Develops a new product or service, reduce costs, add technology, etc. Operations - Day-to-day activities in an organization. Continuous & ongoing. Product - Something created by a project. Business Scenario - An imagined or projected sequence of events that is representative of a significant business need or problem & enables vendors to understand the value to the customer...

Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) - 1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are long lasting 6. Highly regulated 7. have a long production cycle 8. are management intensive 9. are heterogeneous 10. Involve measuring return on investment 1. Long-lasting, Durable Goods 2. Expe...

1. A project is: A. A set of sequential activities performed in a process orsystem. B. A revenue-generating activity that needs to be accomplished while achieving customer satisfaction. C. An ongoing endeavor undertaken to meet customer or marketrequirements. D. A temporary endeavor undertaken to create a unique product, service, or result. 2. Project management is : A. The integration of the critical path method and the Earned Value Managementsystem. B. The application of knowledge, ski...

WGU C790 Final EXAM QUESTIONS With Correct ANSWERS LATEST UPDATE 2024 (GRADED A+) What describes the maintenance phase of the system development life cycle? - Answer The system is upgraded Describe what phase of the system life cycle is the scope of the proposed project identified. - Answer Planning What is the next step in the system life cycle after a new health information system has been purchased? - Answer Test the system In which ways can the use of clinical decision support systems ...

AIPMM Product Management Certification (2022/2023) Already Passed Product Management process of conceiving, planning, developing, testing, launching, delivery and withdrawing products in the market. PMF - Product Management Framework Product lifecycle (Product Development + Commercialization) stages plus their phases and gates. PMF Benefits (5) 1. define common language 2. provides standards for launching a products in each phase 3. allows product teams to develop and communicate mutual produc...

What are the five criteria for a successful project? - Answer Time, cost, quality, risk & benefits Project Management - Answer The application of processes, methods, knowledge, skills and experience to achieve the project objectives Programme Management - Answer The coordinated management of projects and change manage activities to achieve beneficial change Project Success - Answer The satisfaction of stakeholder needs measured by the success criteria as identified and agreed at the sta...

C722 WGU Phases of the Project Life Cycle Module 11 questions and answers certified 2024

APM - PFQ (PFQ) Practice Tests/ APM PFQ Exam Questions & Answers Test Bank_2023. Which of the following is not a stage in an issue resolution process? a. Share the issue with stakeholders. b. Track the issue to closure. c. Escalate to the sponsor. d. Apply change control. A Which of the following are challenges for a project manager developing and leading a project team? 1) Issues and incompatibility amongst team members 2) Getting the right skills and attributes amongst team members ...

APM PMQ EXAM Questions with All Correct Answers What should a business case include? - CORRECT ANSWERS B - Background O - Options B- Benefits CA - Commercial Aspects R - Risks T - Timescales What are the 5 aspects of the PRAM? - CORRECT ANSWERS Initiate Identify Assess Plan responses Implement responses What are the 5 phases in the extended project life cycle? - CORRECT ANSWERS Concept Definition Development Handover and Closure Operations ...