nerdexam
CompTIA

PK0-003 · Question #92

Which of the following MUST be submitted as part of a project change request?

The correct answer is D. Financial impact analysis. A project change request necessitates a thorough understanding of its potential effects before approval. A financial impact analysis is a critical component that details the monetary consequences of the proposed change, allowing stakeholders to make informed decisions.

Project management concepts

Question

Which of the following MUST be submitted as part of a project change request?

Options

  • ARequest for information
  • BProject charter
  • CUpdated detailed design
  • DFinancial impact analysis

How the community answered

(31 responses)
  • B
    3% (1)
  • C
    3% (1)
  • D
    94% (29)

Why each option

A project change request necessitates a thorough understanding of its potential effects before approval. A financial impact analysis is a critical component that details the monetary consequences of the proposed change, allowing stakeholders to make informed decisions.

ARequest for information

A Request for Information (RFI) is a preliminary document used to gather general information from vendors or parties, typically occurring before formal project work or specific changes.

BProject charter

The Project Charter is an initiation document that authorizes the project; it is not submitted as part of a change request for an ongoing project.

CUpdated detailed design

While an updated detailed design might be a result of an approved change, it is not the required submission for the change request itself; the request outlines the need for design changes, which might then necessitate a design update post-approval.

DFinancial impact analysisCorrect

A financial impact analysis is a mandatory component of a project change request because all changes can affect project costs, budget, and profitability. This analysis provides stakeholders with the necessary information to evaluate the monetary implications of approving or rejecting the proposed change.

Concept tested: Project change management process

Topics

#change management#change request#financial impact analysis

Community Discussion

No community discussion yet for this question.

Full PK0-003 Practice