WGU Project Management-C722, Top Exam Questions and answers, graded A+

Document Content and Description Below

WGU Project Management-C722, Top Exam Questions and answers, graded A+ 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 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 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. Which stakeholder would have triggered this strategic business initiative? Director of operations Production supervisor Project sponsor Financial controller Which group is included in the five process groups? Risk process group Closing process group Communication process group Quality process group What does PRINCE2 stand for? 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 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. Which two organizations are examples of organizations with the functional organizational structure? Choose 2 answers The U.S. Department of State The U.S Department of Energy The U.S. National Aeronautics and Space Administration (NASA) Google Inc. 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. 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. 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 Place the project activities in order of occurrence from first (1) to last (5).Select your answer from the pull-down list. Developing the work breakdown structure 2 Capturing lessons learned 5 Working to produce project deliverables 3 Collecting customer requirements 1 Customers evaluating the project outcomes 4 During which life cycle phase is the vast majority of the actual work to produce the project's deliverables completed? Defining Planning Executing Closing 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 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 The following table shows the Level 1 work breakdown structure (WBS) for Project A. WBS ID Description 0.0 Project A 1.0 Project started 2.0 Feasiblity 3.0 Design 4.0 Development 5.0 Manufacturing 6.0 Distribution 7.0 Project completed Which approach did the project manager use to structure the WBS? List of deliverables Sequence of project phases Enumeration of functional departments List of project stakeholders For the following collapsed work breakdown structure (WBS) for Project O, the project manager must complete the scope baseline. In addition to the WBS, the scope baseline will contain two additional documents. What are the other two documents that belong in the scope baseline? Project charter and statement of work Project contract and business case WBS dictionary and project scope statement Activity list and scope management plan For the following collapsed work breakdown structure (WBS) for Project O, the project’s steering committee held a phase gate review of the Feasibility results. That review determined that the project’s proposed design would be obsolete before it would reach the marketplace. Which action should the project manager initiate? Crashing the project’s schedule by asking for more resources Fast-tracking the schedule by altering predecessor to successor relationships Terminating the project as soon as possible and releasing the project’s resources Looking for ways to make the design less costly A project is an operational necessity to repair a design flaw in the date field that constrains the year number to two digits, instead of permitting the year to be indicated with four digits. If the project is not completed before December 31, 1999, many legacy programs are expected to fail or produce unpredictable outcomes. The marketing department wants to upgrade its existing computer equipment and have the costs included in the budget for this project. The project team implemented the marketing department’s request without completing the formal change control procedures.What has happened to the scope baseline in this scenario? Scope updates have caused an unaffordable scope variance. Scope creep has caused a scope variance. Scope upgrade has caused a scope variance. Scope risks have caused a smaller scope variance. A general contractor is managing a highway construction project that will repair a flood-damaged road. The project was documented in a cost-plus-incentive fee contract that specified a completion date of June 30. The Department of Transportation has offered an incentive for early completion of the repairs.Which triple-constraint baseline remains unchanged by the effects of the incentive? Scope Time Cost Price In Project A, the contract specifies that time is very important. All of the scope must be completed, or the project will fail. The project’s objective requires the project team to work as quickly as possible.Which triple constraint can be adjusted to permit the project team to work as quickly as possible? Time Cost Price Incentives In Project B, all of the scope must be completed, or the project will fail. The work is important but not urgent.Which triple constraint can be adjusted if the project’s objective requires the project team to work at the lowest possible cost? Time Cost Incentives Penalties A project manager is discussing the latest financial reports of a project to construct a grocery store and is approximately 90% into the planning phase. The project manager has been told by a project team member that other grocery stores in the area have an automated teller machine (ATM) for visitors. An ATM has not been discussed or incorporated into the planning of this project nor have any been incorporated into prior grocery store services. The leader calls for the immediate addition of an ATM into all prior grocery stores.Which non-numeric model is this leader using? Operating necessity Competitive necessity Sacred cow Checklists An organization has a surplus of project dollars in the operating budget. The senior leader’s decision is to fund one more project with the remaining funds. Of the three projects proposed, one of the projects was selected without evaluation of feasibility or viability.Which non-numeric model is this leader using? Operating necessity Competitive necessity Sacred cow Weighted factor Each project team member generated a series of questions to evaluate three projects. The checklist was compiled into one list based on frequency of question content, such as personnel, materials, experience, and time. The more frequent the question content, the more likely the questions would be asked first.Which two benefits result from this checklist approach?Choose 2 answers Operational impact has been built in. Strategic impact has been integrated. Biases have been reduced. Priorities of senior leadership are met. Each project team member generated a series of questions to evaluate three projects. A checklist was then compiled into one list based on the frequency of question content, such as personnel, materials, experience, and time.What is a disadvantage of using this checklist approach? Scoring models have not been integrated. Biases have not been eliminated. Numerical values have not been itemized. Weighted values have not been considered [Show More]

Last updated: 2 years ago

Preview 1 out of 17 pages