Wgu c722 project Study guides, Class notes & Summaries

WGU C722 Project Management Terminology questions with complete solutions

WGU C722 Project Management Latest Update with Verified Solutions 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 location Constrained optimi...

WGU C722 Project Management Questions and Answers with Verified Solutions What is a project? Any temporary endeavor with specific start and end dates that results in a unique product, service, or result What does project management involve? Managing everything about the project to get the desired result What are organizations? Complex entities that engage in two types of activities: operations and projects What is a project (in terms of business activity)? A project modifies the business or ...

WGU C722 Project Management, Exam Review Questions and answers, 100% Accurate. VERIFIED

Project Life Cycle Phases - Answer-Defining, Planning, Executing, Closing Defining - Answer-initial phase of the project life cycle, determining the project's sponsor and manager, creating a charter Planning - Answer-second phase of the project lifecycle: technology, business process, staffing, training, testing, communications, budget constraints, integration of the project with operations and other projects Executing - Answer-third phase of the project lifecycle: overseeing and managing...

Projects - correct answer A temporary activity that creates a unique result. Initiatives with specific goals and start and end dates. Develop a new product or service reduces cost add technology. Example of Projects - correct answer * A car company developing a new passenger car. * A freight company adding a computer program to optimize cargo carrying capacity. * A construction company building a new facility for a customer. Operations - correct answer Day-to-day activities in...

WGU C722 Project Management, Exam Review. Easy Mastery. VERIFIED. Triple constraint - -time, cost, scope Red light issues - -things that will immediately impact the success of the project yellow light issues - -things that may be impending issues arising for the future of the project, plus recommendations for how to avoid these issues from becoming problems program review - -(monthly) multi project review for sponser and other senior managers; milestones 8 and 80 rule - -avoid controlli...

WGU C722 Project Management Unit 2, Module 5 Latest 2023 Graded A What is the most basic form of organizational structure? a. Functional b. Matrix c. Projectized a. functional Functional organization is straightforward, has clear lines of authority, and is well defined, making it the most basic of the three. Functional organizational structure advantages: a. The lines of authority are clear. b. SMEs work in close proximity, which allows for exchange of ideas between SMEs. c. Resource bala...

WGU C722 Project Management - Study Guide, Questions and answers, Verified. 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 signific...