WGU - C722 FINAL EXAM NEWEST VERSION 2024-
2025 REAL 285 QUESTION AND CORRECT DETAILED
ANSWERS RATED A GRADE.
Risk Management Plan - ANSWER-Documents how risk events will be
identified in advance, monitored, potentially mitigated, and managed across
the project life cycle.
Procurement Management Plan - ANSWER-Identifies how the project team
will acquire products and services from outside organizations.
Communications Management Plan - ANSWER-Documents which
information will be communicated, when it will be communicated, how it
will be communicated, and to whom.
Human Resource Management Plan - ANSWER-Defines the roles, skills, and
knowledge needed by project team members. Identifies when the human
resource will be needed and how the person will be identified, trained, and
integrated with the team.
Stakeholder Management Plan - ANSWER-Explains how stakeholders will be
identified along with their level of interest in the project and influence over
the project. This is closely tied to the communications plan since
stakeholders will need varying levels and frequency of information.
,Quality Management Plan - ANSWER-Documents how the quality of the
project deliverables will be measured and what steps will be taken to
monitor and assure that the quality meets the customer requirement.
Cost Management Plan - ANSWER-Explains how costs will be estimated,
monitored, controlled during the project.
Time Management Plan - ANSWER-Explains how the schedule will be
developed, monitored and controlled.
Configuration Management Plan - ANSWER-Documents how the project
team and stakeholders will keep track of the versions of project documents
to ensure that the most up-to-date document is in use.
Change Management Plan - ANSWER-Documents how changes to the
project outcomes will be managed, approved, implemented, and monitored.
Process Improvement Plan - ANSWER-Describes how the processes and
procedures used on the project will be evaluated to ensure that the most
efficient methods are implemented.
Requirements Management Plan - ANSWER-Documents how the customer
and stakeholder requirements will be identified, integrated to the project
scope, tracked throughout the project, and verified at closure.
,monitoring and controlling - ANSWER-It is central to the PM's role to know
the status of the project work (monitor) and take action as needed to ensure
the project plan is completed as planned (control).
lessons learned - ANSWER-have great value to the project organization
because they provide guidance for future projects.
The triple constraint concept - ANSWER-It is not possible to change any one
side of a triangle without affecting the other two characteristics
The triple constraints are: - ANSWER-Time, Cost, Scope
project scope - ANSWER-is, simply put, what the result of the project is
desired to be.
statement of work (SOW) - ANSWER-It defines the product of the project.
Scope creep - ANSWER-occurs when there are any—but particularly small—
incremental additions to the project scope that are not subject to the formal
scope change process.
critical path - ANSWER-is defined as the path with the longest duration from
the start of the project to its completion.
Float time/slack time - ANSWER-is the amount of time an activity can be
delayed without affecting the completion date of the project.
, Administrative activities - ANSWER-during the project closing phase include
performance report preparation, return of assets to the sponsoring
organizations, archival of records, and documentation of lessons learned.
Customer delivery activities - ANSWER-project closing phase include
returning excess materials, reconciling accounts payable, and preparing
required financial reports.
Milestones - ANSWER-in a project schedule identify critical events and other
activities that must be performed by specific dates before the project may
proceed.
Iterative planning processes - ANSWER-allows the project to move forward in
phases when not enough information is known to plan the entire project
common components of project scope statements - ANSWER-Project
constraints, project acceptance criteria and technical requirements
Project schedule - ANSWER-A timeline that specifies when the project begins
and when it is supposed to end
Project cost - ANSWER-The sum total of all expenses directly charged to the
project
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