Product management pdm 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...

what is the main reason over half companies on fortune 500 disappeared since 2000? correct answers digital challenges of complex, changing environment correct answers partnerships, increased complexity of business, large volumes of data, outsourcing/offshshoring/reshoring, multisite activities squeeze correct answers changes driving product development/manufacturing. advances in tech: big data, analytics, cloud. global economic forces: globalization, mergers/acquisitions, outsourcing ...

CAPM Practice 215 Questions with Verified Answers John is a project manager for a newly formed project team. The project team has worked hard for last 4 months and has taken very few leaves. John wants to motivate the team members by informing them that he can give a couple of paid leaves if they complete the Phase-1 deliverables on time. Which theory is applied by John to achieve the result? a) Achievement Theory b) Theory Y c) Expectancy Theory d) Contingency Theory - CORRECT ANSWER c...

CAPM Exam 196 Questions with Verified Answers Cost Variance formula - CORRECT ANSWER Earned Value (EV) - Actual Cost (AC) What are the 6 constraints? - CORRECT ANSWER Scope, Risk, Resources, Quality, Schedule, Budget Initiating (Process Group) - CORRECT ANSWER Processes performed to define a new PROJECT or a new PHASE of an existing project Planning (Process Group) - CORRECT ANSWER Processes performed to establish total scope of effort, define and refine objectives, and develop a cou...

Which of the following terms refers to the use of digital technologies to convert, support, optimize, and automate business processes and organizational activities? correct answers Digital Transformation What describes the communication framework that connects the digital data flows and provides a complete view of an asset's data through its entire lifecycle? correct answers Digital Thread What describes the Industrial Revolution that focuses on advanced manufacturing techniques, intercon...

Product Management (PdM)? - The process of conceiving, planning, developing, testing, launching, delivering, and retiring products in the market Process - A series of steps and decision involved in the way work is completed Inputs to a process - Material, People, Procedures, Customer Requirements, and Drawings Outputs of a Process - A part, a critical dimension, a critical characteristic, communication, date, information ProdBOK - A widely accepted set of strategies, methodologies, concept...

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...

CAPM PRACTICE EXAM 3|197 Questions with Verified Answers "QUESTION NO: 1 Power, urgency and legitimacy are attributes of which stakeholder classification model? salience influence/impact power/interest power/influence - CORRECT ANSWER Power, urgency and legitimacy are attributes of which stakeholder classification model? salience "QUESTION NO: 2 Through whom do project managers accomplish work? consultants and stakeholders stakeholders and functional managers project team...

CAPM Practice 172 Questions with Verified Answers Which of the following is a tool or technique used in the monitor communications process? - CORRECT ANSWER interpersonal and team skills what is the definition of work package? - CORRECT ANSWER the work defined at the lowest level of the work breakdown structure or which cost and duration are estimated and managed what is the best definition of project quality management? - CORRECT ANSWER the process of incorporating the organization's ...

CAPM Practice Exam 265 Questions with Verified Answers Which of the following is the process of monitoring the status of the project to update the project schedule and manage changes to the schedule? - CORRECT ANSWER Control schedule Risk transference nearly often involves: - CORRECT ANSWER Payment of a risk premium to the party taking on the risk The interaction of the various system components creates the organizational culture and capabilities that are important for the project. Whic...