Create wbs - Study guides, Class notes & Summaries

PMBOK 6 CAPM Practice Questions and Answers 2024 A project is said to be temporary because: A. it has a short duration B. it has a definite beginning and end C. it has the potential to be a continuous and ongoing effort D. its project team outlives it. -Answer-B. it has a definite beginning and end Which of the following is NOT a characteristic of a project? A. Constrained by limited resources B. Creates unique product or services C. Ongoing and repetitive D. Planned, executed, and con...

GFEBS Project Systems Course Questions and Answers (2022/2023). 1. What is a project definition?: The project definition contains data used for the entire project. It contains default values which can be passed on to the WBS elements, or influence them, such as: Project Profile Project Control values (e.g., user status profile) Organizational data Planning parameters Settlement Rules Unique Project Number The Project Profile is often called the "DNA" of a PS project; it determines ma...

GFEBS Project Systems Course Questions and Answers (2022/2023)(Verified Answers) What is a project definition? The project definition contains data used for the entire project. It contains default values which can be passed on to the WBS elements, or influence them, such as: Project Profile Project Control values (e.g., user status profile) Organizational data Planning parameters Settlement Rules Unique Project Number The Project Profile is often called the "DNA" of a PS project...

CAPM PRACTICE EXAM 4 Questions and Answers 2023/2024 (100%Verified). A001. All the following statements about time and materials contracts are true except: a. they are a hybrid type of arrangement that contains aspects of both costreimbursable and fixed-price arrangements b. the seller receives a profit in addition to being reimbursed for allowable costs c. the full value of the agreement is not defined at contract award d. the exact quantity of items to be delivered is not defined at contr...

A project is said to be temporary because: A. it has a short duration B. it has a definite beginning and end C. it has the potential to be a continuous and ongoing effort D. its project team outlives it. - B. it has a definite beginning and end Which of the following is NOT a characteristic of a project? A. Constrained by limited resources B. Creates unique product or services C. Ongoing and repetitive D. Planned, executed, and controlled - C. Ongoing and repetitive Project deliver...

Work Breakdown Structure (WBS) correct answersA hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables. The DoD uses this specific format to organize the breakdown of work into small areas and parts WBS Product-Oriented Family Tree correct answerscomposed of: -Hardware -Software -Services -Data -Facilities -Testing -Everything else resulting from a system of engineering pro...

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...

Develop Project Charter - Inputs: Project statement of work, business case, contract, enterprise environment factors, organizational process assets Outputs: Project Charter Identify Stakeholders - Inputs: Project Charter, enterprise environment factors, Organizational Process Assets, Procurement Documents Outputs: Stakeholder Management Strategy, Stakeholder register Develop Project Management Plan - Inputs: Project Charter, enterprise environment factors, Organizational Process Assets, ...

Question 1.1: Presentation on Project Management Dynamics (i) Process Groups in Each Phase of the Project Life Cycle Initiation Phase: Develop Project Charter: This involves formally authorizing the project and defining its initial scope, purpose, and objectives. The project charter also identifies key stakeholders and assigns a project manager. Identify Stakeholders: Involves determining all stakeholders affected by the project and documenting their interests, involvement, and pote...

CAPM PRACTICE EXAM 4 Questions and Answers 2023/2024 (100%Verified). A001. All the following statements about time and materials contracts are true except: a. they are a hybrid type of arrangement that contains aspects of both costreimbursable and fixed-price arrangements b. the seller receives a profit in addition to being reimbursed for allowable costs c. the full value of the agreement is not defined at contract award d. the exact quantity of items to be delivered is not defined at contr...