WGU C722- Project Management (PHEO) - Objective Assessment Study Guide.

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199 term llys 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?Independent operations Interdependent tasks Regulatory concept External environment Interdependent Tasks A firm begins its strategic business initiative of developing a new business model to enhance its competitiveness. What can be identified as a strategic business initiative for this firm?Timely payment of liabilities Liaison with regulatory agencies Improvement in product design Environmental scanning Improvement in product design

A firm begins a strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers.Director of operations Production supervisor Project sponsor Financial controller Project sponsor Which group is included in the five process groups?Risk process group Closing process group Communication process group Quality process group Closing process group What does PRINCE2 stand for?PRoject INsights for CompEtitiveness PRojects IN a Competitive Environment PRoject INsights and CompEtencies PRojects IN a Controlled Environment PRojects IN a Controlled Environment Which PMBOK process group is described as the delivery part of project management where the main activity happens?Planning Executing Controlling Closing Executing Which advantage does the functional (departmentalized) organizational structure provide for a firm with multiple projects?Lines of authority are clear.The project customer is the only focus.It is efficient for collaboration and cooperation between departments.Each project is managed holistically.Lines of authority are clear.

Which two organizations are examples of organizations with the functional organizational structure?Microsoft The U.S. Department of State The U.S. National Aeronautics and Space Administration

(NASA)

The U.S Department of Energy Google Inc.(1) The U.S. Department of State and (2) The U.S Department of Energy An organization expects to use a project management office (PMO) to support multiple projects that will be implemented within a projectized organizational structure. Which implied effect is a benefit to this organization?Project team members retain their functional responsibilities.Project team members become full-time employees.Project team members gain access to the newest technologies and skill sets.Project team members gain access to historical data from other projects.Project team members gain access to historical data from other projects.Regardless of the organizational structure used to manage a project, an organization elects to use a project management office (PMO). Which benefit will this organization gain?Projects will coordinate resource usage by monitoring the status of shared resources.Projects will define the organization's corporate strategy in the project charter.Projects will receive a 10% managerial reserve fund to cover warranty back charges.Projects will eliminate the costs incurred from having to follow corporate procedures.Projects will coordinate resource usage by monitoring the status of shared resources.

During a certain project phase, specific blueprints are drawn and approved, materials and labor costs are estimated, prototypes are created, and work activities and tasks are identified. Also, quality expectations, measurements, and costs are defined. During which project phase do these activities occur?Defining Planning Executing Closing Planning Place the project activities in order of occurrence from first (1) to last (5).(1) Collecting customer requirements (2) Developing the work breakdown structure (3) Working to produce project deliverables (4) Customers evaluating the project outcomes (5) Capturing lessons learned During which life cycle phase is the vast majority of the actual work to produce the project's deliverables completed?Defining Planning Executing Closing Executing What is the correct term for an intermediate outcome of project work, such as a signed contract or obtaining a construction permit?Deadline Procurement Statement of work Deliverable Deliverable Which deliverable from a work breakdown structure (WBS) is not specific enough to measure its completion at project closure?User training User documentation manuals Payment processing hardware Hardware setup User training