WGU C722 Practice Test 2

C722 Practice Test 2 Leave the first rating Students also studied Terms in this set (118) Western Governors UniversityC 722 Save Project Management C722 185 terms blankenship226 Preview

WGU - C722

281 terms LearningChuPreview C722 Practice Test 70 terms chelsea_crouse5 Preview Practic 71 terms Jacq A manufacturing company is reviewing potential projects for the coming year based on the CEO's request to reduce overhead costs. Which of the following projects would best align with the company's desired business strategy?Replacing warehouse lighting with higher efficiency bulbs and motion sensors An office supply store is starting a project to provide a new service to their customers. Which of the following strategic goals would be achieved by this project?Increasing the delivery area served by existing locations Which of the following would a firm establish to organize needed changes to support a long-term goal or objective?Portfolio Which of the following are project management organizations or standards commonly used by companies to structure their project management processes?

PMBOK

PRINCE@

Which organization oversees the PMP certification? PMI Which of the following is a knowledge area of the

PMBOK?

Risk Management Which of the following is the highest level of project management maturity for an organization according to the OPM3?Sustained What is an important benefit of a company establishing a PMO?Documents best practices, lessons learned, and project costs

Documents best practices, lessons learned, and project costs Clarity regarding who is in charge and who answers to whom A weak matrix organizational structure is most similar to which of the following?Departmental A small company without a PMO is planning on only doing two projects next year and cannot afford to hire a consultant. As they consider how to prioritize among several proposed projects, what is a criterion that will drive the model used to select the top projects?Low cost Executives at a small regional hospital are working to prioritize projects for the coming year. Due to election- year discussions surrounding the future of several government healthcare programs, they are worried about selecting a project that will become obsolete. What project selection model would help them choose the best projects in spite of changing conditions?Flexible A chain of grocery stores undertakes a project to replace card readers in their checkout lines with a new technology consistent with current banking regulations and encryption standards since the old technology is being phased out by their bank. What project selection model is being utilized in this situation?Operating necessity A newly established PMO asks management, employees, and project management staff to submit questions to be used as criteria for prioritizing projects. They plan to use all submitted questions and weight them based on how many people submit the same question. What type of project selection model is being used?Checklist A newly established PMO asks management, employees, and project management staff to submit questions to be used as criteria for prioritizing projects. They plan to use all submitted questions and weight them based on how many people submit the same question. What is the benefit of using this approach?Project impact to all departments will be considered Which of the following measures calculates the amount of time it should take to recoup the cost to implement a project?Payback Period While comparing proposed projects for next quarter, management tells the PMO not to worry about how long it takes to earn back the cost of the selected projects but rather to focus on maximizing the amount of money earned or saved over the long term. What numeric selection model is being used?Return on Investment

During which project phase is the work breakdown structure developed?Planning Which of the following activities are properly ordered from beginning to end?Project proposal; develop work breakdown structure; monitor budget and schedule; after action review Project proposal; develop work breakdown structure; monitor budget and schedule; after action review Defining What is a project deliverable?Outcomes of project work handed off to others Incomplete documentation in the defining and planning phases leads to what phenomenon later in the project?Scope creep During which project phase is the majority of the project work completed?Executing Why are phase-gates an effective tool for some projects?It provides a clean exit point after some initial work is completed The business case is documented during which project phase?Defining A large construction project to build apartments to house athletes for the upcoming Olympic games is underway. If anything starts getting off track, which triple constraint would not be appropriate to adjust?Time An IT director has some extra money in the budget that needs to be spent by the end of the quarter or else next year's budget will be reduced by that amount. She asks team members to make suggestions regarding which critical production systems could benefit from some early upgrades. Which of the triple constraints is most flexible in this situation?Scope Halfway through a project to upgrade the heating and air conditioning in an office building, an executive asks the project manager if they could also rip out a wall between two unused offices and turn them into a small conference room while they're at it. The project manager figures the needed personnel is already on-site, and it would only take some minor adjustments to the plans for the new ducts. Any additional costs could be covered by the contingency reserves. What is this an example of?Scope creep A project to open a new restaurant before the next holiday has a penalty clause of $1000 per day if the contractor completes their work late in order to account for lost sales. Which of the triple constraints would be contractually adjusted if the launch date is missed?Cost

Which of the following documents are created during project planning?Calendarized Budget Which of the following documents are created during project initiation?Project Charter Which of the following activities are completed during project execution?Creating the project deliverables Which of the following activities are completed during the project closing?Pay outstanding invoices Which of the following activities happen during monitoring & controlling?Resolve conflicts among team members A project with clearly defined outcomes and phases, little to no volatility, and well-known technologies would be a good candidate for which project management method?Traditional A project with vaguely defined project phases using experimental technologies would be a good candidate for which project management method?Extreme Which of the following is a benefit of creating a resource histogram?Shows peaks and valleys in planned labor hours for use in resource leveling Which of the following is used to document the approach the project team will take to carry out the work of a project?Project scope A new project manager is taking over for the previous PM who is no longer with the company. As she starts getting to know the project team, which of the following tools would give the new PM the best snapshot of who all the project team members are and their individual roles on the project?Resource responsibility matrix A new project team is made up of people from several different departments. Due to the way workspaces are designed and the number of project team members, there is no space large enough for all team members to meet together in their weekly meetings. What type of risk is this?Organizational Which of the following risks would be considered high probability and low severity?Copy machine runs out of paper