C722 project management Study guides, Class notes & Summaries

Projects - 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 - * 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 - Day-to-day activities in an organization. Continuous/ongoing. Examples of Operati...

WGU C722 Project Management Study Guide terms Questions and Answers 100% Pass Project Life Cycle Phases - Correct Answer ️️ -Defining, Planning, Executing, Closing Defining - Correct Answer ️️ -initial phase of the project life cycle, determining the project's sponsor and manager, creating a charter Planning - Correct Answer ️️ -second phase of the project lifecycle: technology, business process, staffing, training, testing, communications, budget constraints, integration of ...

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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...

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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 ...

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C722 Pre-Assessment – Project Management (PHEO) 1. A firm begins its strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers. To accomplish this, the firm initiates a business management project. Which aspect of project management applies to this firm’s project? YOUR ANSW ER CORRE CT ANSW ER Independent operations Interdependent tasks Regulatory concept Ext...

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