C176 wgu exam - Study guides, Class notes & Summaries

C176: Business of IT Project Management - Key Terms (WGU), Exam Review, latest update. VERIFIED. A Guide to the Project Management Body of Knowledge (PMBOK Guide) Project - -A temporary endeavor that has definite beginning and end dates, and it results in a unique product, service, or result. It is considered a success when the goals it sets out to accomplish are fulfilled the the stakeholders are satisfied with the results. project criteria - -unique, temporary, reason or purpose, st...

WGU C176 – Comp TIA Project Exam With 100% Correct Answers 2023

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WGU C176 Formulas Exam Questions With 100% Correct Answers 2023

project Unique: A project is typically undertaken to meet a specific business objective. Temporary: Projects have definite start and end dates. Reason or Purpose: A project comes about to fulfill a purpose. Stakeholder Satisfaction: A project starts once it's been identified, the objectives have been outlined in the project charter, and appropriate stakeholders have approved the project plan. reasons for a project: -Market Demand -Strategic Opportunity/Business Need: -Customer Request ...

WGU Business of IT - Project Management - C176 - Lessons 4-6. Exam Review, FULL Scope. Graded A+ Scope Management Plan describes how the project team will define project scope, verify the work of the project, and manage and control scope. Describes procedures for preparing the scope statement, how scope changes will be handled, and procedures for preparing the WBS. Scope Management Plan contents -The process you'll use to prepare the scope statement -A process for creating, maintai...

A Guide to the 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-located63945 - -When team members work together at the same physical location. Constrained optimization models - -Decision models that use compl...

C176 WGU Business of IT Project Management CompTIA Project+ Random Study, Full exam Review, rated A+ Discounted Cash Flow - -is the total value of each year's expected cash inflow in TODAY'S DOLLARS NPV is calculated by: - -subtracting the initial investment from the total of the expected cash inflows stated in today's dollars. ex. if initial is higher than cash flows so NPV is less than zero and project should be rejected Negotiating involves... - -obtaining mutually acceptable agr...

Acceptance criteria - -Requirements and conditions that must be met before the project deliverables are formally accepted. Acceptance test - -A group of end-users work with the final product to test it for unidentified issues that may appear during routine use. Also known as User Acceptance Testing (UAT). Actual duration - -The number of hours or days expanded to complete a project activity. Actual effort - -The actual number of person hours or days expended to complete an activity. Act...