WGU C176 Business of IT Project Management CompTIA Project (2022/2023) Rated A+
Discounted Cash Flow ✔✔is the total value of each year's expected cash inflow in TODAY'S
DOLLARS
NPV is calculated by: ✔✔subtracting the initial investment from the total of the expected cash inflows stated in today's dollars.
ex. if initial is higher than cash flows so NPV is less than zero and project should be rejected
Negotiating involves... ✔✔obtaining mutually acceptable agreements with individuals or groups
Leadership involves... ✔✔imparting a vision and motivating others to achieve the goal
Payback period is a technique that.... ✔✔calculates the expected cash inflows over time to determine how many periods it will take to recover the original investment
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IRR is the ✔✔discount rate when the present value of the cash inflows equals the original investment
Two steps required to validate a project: ✔✔Justify the project
Align it to the strategic plan
Project schedulers are responsible for: ✔✔developing and maintaining the project schedule communicating the timeline and changes to the timeline reporting on schedule performance and obtaining task status from resources
PMO provides standards and practices for the organization including: ✔✔tools templates and governance processes
The project manager manages: ✔✔quality assurance
scope risk
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