Exam (elaborations)
WGU C722 Project Management |110 Questions| With All Complete Answers!!
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WGU C722 Project Management |110 Questions| With All Complete Answers!!
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Name: Score:47 Multiple choice questions
Definition 1 of 47
no formal standards
level 2 planned
8 and 80 Rule
5 process groups
level 1 Ad Hoc
Term 2 of 47
sacred cow
badly planned project that you are hesitant to bring up
many variables and unknowns; focus on human resources
dollar value of all work scheduled to have been completed to date
Total dollar value of costs incurred to date
Term 3 of 47
level 2 planned
management support is consistent, execution is irregularly/inconsistently applied
execution is consistent
basic documentation exists
execution is consistent
,Definition 4 of 47
Defining, planning executing, closing
Project objectives
Project phases
Testing phase
Activities
Term 5 of 47
Budget at completion
initiating, planning, executing, monitoring, closing
Aggregate cost estimates up; templates
approved total baseline budge approved
determine budget efficiency
Definition 6 of 47
realistic, capable, flexible, easy to use, low cost, comparable
Project resource and budget selection methods
Program review
Project phases
Project selection criteria
, Term 7 of 47
best communication for widely dispersed virtual team
shared threaded discussion
phone calls
time, cost, scope
Term 8 of 47
Change management process
identify change, evaluate change, decision, communicate change
to calculate money's worth today compared to in the future
many variables and unknowns; focus on human resources
process of identifying the requirements and how they will be measured
Term 9 of 47
Internal rate of return
To calculate money's worth today compared to in the future
Total dollar value of costs incurred to date
To calculate future cash flows using time and interest rate; discount amount when present
value of cash intake equal the original investments
To calculate money's worth today compared to in the future
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