WGU C176 Latest 2023 Rated A+
Program ✔✔group of related projects that are managed together using coordinated processes and techniques
Portfolio ✔✔Collections of programs, subportfolios, and projects that support strategic business goals or objectives
Operations ✔✔Ongoing functions that support the production of goods or services
Initiation Phase ✔✔During which phase of the project process group is the following done: Creating the project charter, creating a business case and justification, defining a high-level scope definition, identifying high- level risks
Planning Phase ✔✔During which phase of the project process group is the following done: Develop a project schedule, Create a work breakdown structure, Determine resources, Identify and plan for detailed risks, Determine project requirements, Write a communication plan, Develop a procurement plan if utilizing resources outside the organization, Develop a change management plan, Define the project budget.s 1 / 3
Execution Phase ✔✔During which phase of the project progress group is the following done: actual execution of the project management plan, team development, quality assurance, & information distribution.
Project Scope Management Plan ✔✔Defines and documents how the project and product scope will be defined, verified, and changed if necessary.
Work Package ✔✔The work defined at the lowest level of the work breakdown structure for which cost and duration can be estimated and managed.
Code of Accounts ✔✔A numbering system used to uniquely identify each component of the work breakdown structure (WBS).
Change Control System ✔✔A set of procedures that describes how modifications to the project deliverables and documentation are managed and controlled.
Critical Chain Method ✔✔A schedule method that allows the project team to place buffers on any project schedule path to account for limited resources and project uncertainties. 2 / 3
Resource Leveling ✔✔A technique in which start and finish dates are adjusted based on resource constraints with the goal of balancing demand for resources with the available supply.
Rolling Wave Planning ✔✔An iterative planning technique in which the work to be accomplished in the near term is planned in detail, while the work in the future is planned at a higher level.
negative float ✔✔Occurs when the calculated completion date of the last activity is later than the targeted completion date established at the beginning of the project
Request for Information (RFI) ✔✔A type of procurement document whereby the buyer requests a potential seller to provide various pieces of information related to a product or service or seller capability.
Request for Proposal (RFP) ✔✔A type of procurement document used to request proposals from prospective sellers of products or services. In some application areas, it may have a narrower or more specific meaning. Includes submitting the SOW, receiving bids, evaluating the responses, and making a selection
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