WGU C722 (Pre), Test Questions and answers, graded A+

WGU C722 (Pre), Test Questions and answers, graded A+ PMBOK 5 Process Groups - ✔✔-Initiating, Planning (Iterative), Executing (Iterative), Monitor & Control (Iterative) and Closing Triple constraint - ✔✔-Time, Cost ...

WGU C722 (Pre), Test Questions and answers, graded A+ PMBOK 5 Process Groups - ✔✔-Initiating, Planning (Iterative), Executing (Iterative), Monitor & Control (Iterative) and Closing Triple constraint - ✔✔-Time, Cost, and Scope Organizational Project Management Maturity Model (OPM3) 5 levels (Delaware Department of Technology and Information) - ✔✔-1) "Adhoc" 2) "Planned" but no org standard 3) "Managed" but execution is inconsistent 4) "Integrated" is consistent 5) "Sustained" is consistent, can evaluate future decisions and includes lessons learned 5 levels of project management maturity (Crawford, 2007) - ✔✔-1) Initial 2) Structured standards 3) Organizational standards 4) Managed Process 5) Optimized process Initiating (Process #1) - ✔✔-Define the project and determine which projects the organization will undertake. These activities often occur prior to the selection of the project team or the project manager. Initiating Activities (Process #1) - ✔✔-Document business need, define project, evaluate proposals, complete project selection, identify stakeholders, and create project charter Which activity is preformed during the creating part of the initiating process? - ✔✔-Drafting project chater Planning (Process #2 - Iterative) - ✔✔-PM will assemble a team to create the project plan. Additional team members may be required to gather information from stakeholders, identify the project activities, estimate costs and time, and document the planning areas Planning Activities (Process #2 - Iterative) - ✔✔-Document customer needs, estimate resource, scope, budget, schedule, WBS (Work Breakdown Structure), Network Diagram, activity list, and writing plan for orgs to execute Network Diagram - ✔✔-Flow chart of sequenced project activities Tool for PM to track that important items are addressed when developing and defining project scope? - ✔✔-Network diagram WBS (Work Breakdown Structure) - ✔✔-Lists the project activities and tasks and begins to identify how they fit together and where they fit on a calendar Executing (Process #3 - Iterative) - ✔✔-PM cycles members as needed to create the project outcomes Executing Activities (Process #3 - Iterative) - ✔✔-Acquire resources, train/coach resources, communicate / manage with stakeholders, implement plan, document change requests, assess resource performance, and recognize / reward performance Monitor & Control (Process #4 - Iterative) - ✔✔-Assess whether project plan is implemented, outcomes and deliverables are as expected. Also, to get the project team back on the plan or make adjustments to the plan in order to achieve the desired outcomes and deliverables Monitor & Control Activities (Process #4 - Iterative) - ✔✔-Activities are in sync, deliverables met scope, document scope change, resolve issues, monitor schedule / budget / quality / performance / risk, determine when replanning is needed Closing (Process #5) - ✔✔-Specific actions which need to occur in order to ensure that all project activities are completed Closing Activities (Process #5) - ✔✔-Pay vendor invoice, reconcile vendor accounts, return excess material and supplies, return assets to orgs, writing lessons learned, complete project documentation, deliver to customer, receive sign-off and archive all project documents Project Life Cycle 4 Phases - ✔✔-Define, Plan, Execute, Close Define Phase - ✔✔-Idea for the project is formalized into a project proposal and the decision on whether the project will be selected for implementation is made Plan Phase - ✔✔-Document information about each activity that will need to be completed in order for the project to achieve its intended outcomes Execute Phase - ✔✔-Based on the plans created during the project planning phase, the project team completes the required work activities in this phase Closing Phase - ✔✔-Project outcomes are delivered to the customer and/or sponsor and the customer and/or sponsor evaluates them to determine if they are acceptable - deliverables are ready, the budget and time requirements are met and quality is achieved, and lessons learned are documented PM Methods - ✔✔-PERT, CPM, critical chain, waterfall, and PRINCE2 PERT (Project evaluation and review technique) - ✔✔-Developed in 1950 to estimate activity on Navy's Polaris missile project. CPM (Critical path method) - ✔✔-Developed by DuPont to help with project in manufacturing. Similar to PERT but assumes that estimates do not vary and time can be reliably estimated Critical chain project management (CCPM) - ✔✔-Work each resource is expected to complete is checked to verify that the resource will be capable and available when needed. Time buffers are built into the schedule to handle situations when the critical resources fall behind or aren't available Waterfall - ✔✔-This process flows logically and in a linear fashion, but if any problems are found, returning the work back to the previous step is very expensive PRINCE2 - ✔✔-Highly structured project management method which focuses on the specification of the outputs rather than the coordination of activities PMBOK - ✔✔-Project Management Body of Knowledge PMBOK - ✔✔-Entire collection of processes, best practices, terminologies, and guidelines that are accepted as standards within the project management industry PRINCE2 - ✔✔-PRojects IN a Controlled Environment PMBOK Major Planning Areas - ✔✔-Integration, Scope, Risk, Procurement, Communications, HR, Stakeholder, Quality, Cost, Time, Config, Change, Process Improvement, Requirement Functional organization - ✔✔-Common type of org structure in which the organization is divided into smaller groups based on specialized functional areas, su