Wbs dictionary - Study guides, Class notes & Summaries

Select PM Initiating1 Determine company culture and existing systems Initiating2 Collect processes, procedures, and historical information Initiating3 Divide large projects into phases Initiating4 Understand the business case Initiating5 Uncover initial requirements, assumptions, risks, constraints, and existing agreements Initiating6 Assess project and product feasibility within the given contsraints Initiating7 Create measurable objects ...

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, O...

CAPM Practice Test 100 Questions with Verified Answers When is the Plan Risk Management process performed in a project? - CORRECT ANSWER Once or at predefined points in a project. Understanding, evaluating, defining, and managing requirements are essential to satisfying: - CORRECT ANSWER Customer satisfaction Projects are undertaken to fulfill objectives by: - CORRECT ANSWER Producing deliverables Which of the following is an input to the sequence activities process? A. Cost baselin...

CAPM Exam Prep 41Questions with Verified Answers Develop Project Charter - CORRECT ANSWER Inputs: Project statement of work, business case, contract, enterprise environment factors, organizational process assets Outputs: Project Charter Identify Stakeholders - CORRECT ANSWER Inputs: Project Charter, enterprise environment factors, Organizational Process Assets, Procurement Documents Outputs: Stakeholder Management Strategy, Stakeholder register Develop Project Management Plan - CORREC...

CAPM PRACTICE EXAM 2|256 Questions with Verified Answers The experiences of an organization's members are the basis for its _________. A. culture B. structure C. operations D. maturity - CORRECT ANSWER The experiences of an organization's members are the basis for its _________. A= The culture of an organization is created by its members' experiences. Organizational structures can be: A.functional, strategic or balanced. B.functional, projectized or iterative. C....

A Guide to the Project Management Body of Knowledge (PMBOK Guide) - ANSWER-The PMI publication that defines widely accepted project management practices. The CAPM and the PMP exam are based on this book. Application Areas - ANSWER-The areas of expertise, industry, or function where a project is centered. Examples of application areas include architecture, IT, health care, and manufacturing. Business Value - ANSWER-A quantifiable return on investment. The return can be tangible, such as equ...

WGU EXAM PREP Project Management Correctly Solved Graded A+ A Guide to Project Management Body of Knowledge (PMBOK Guide) -ANS- The project management standard developed by the Project Management Institute. Benefit measurement methods -ANS- 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 -ANS- When team members work together at the same physical location ...

CAPM-EXAM TERMS 100% CORRECT Project is a temporary endeavor undertaken to create a unique product, service or result. Definite beginning and an end. Project Management is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements. operations Ongoing, repetitive, for sustaining business. Responsible for overseeing, directing and controlling business operations Operational Stakeholders Should be engaged and their needs identified. Project...

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...

A project charter that formally authorized a project was created. The project charter documented the initial requirements to satisfy stakeholders' needs and expectations. How often should the project charter be revised? - ANSWER-Never Which of the following roles in a project is most likely to be involved in negotiations on procurements during the Conduct Procurements phase? - ANSWER-Procurement administrator (pg 380) Lucy has to brief her key project stakeholders on the recent approved c...