PK0-003 Exam Questions
500 real PK0-003 exam questions with expert-verified answers and explanations. Page 4 of 10.
- Question #151Tools and documentation
Which of the following plans would MOST likely contain a probability and impact matrix?
risk management planprobability impact matrixrisk assessment - Question #152Project management concepts
Which of the following risk strategies can be used to ensure a positive risk is realized?
positive riskopportunity managementrisk response strategiesexploit risk - Question #153Project management concepts
Which of the following risk response planning techniques is a project manager using when they are changing the project plan to remove the risks impact?
risk response strategiesrisk avoidancerisk management - Question #154Tools and documentation
Which of the following areas are addressed in the Project Charter?
project charterbusiness needsproject initiation - Question #155Project management concepts
A project team is reviewing the deliverables and identifies a deliverable no one on the team has experience with. The lack of expertise is identified as a risk. The project manager...
risk transferencerisk response strategiesthird-party contractsvendor management - Question #156Tools and documentation
Which of the following should be included in a business case? (Select TWO).
business casecost-benefit analysisproject justificationbenefits realization - Question #157Project management concepts
Which of the following BEST describes a project risk?
project riskrisk definitionuncertainty - Question #158Project management concepts
If the SPI and CPI are both above 1, then the project is:
earned value managementEVMSPICPIproject performance - Question #159Project management concepts
Which of the following is the BEST description of a baseline?
project baselinescope baselineschedule baselinecost baseline - Question #160Project life cycle phases
In which of the following project life cycle phases would one perform the first stakeholder's analysis?
stakeholder analysisproject initiationproject life cycle - Question #161Project life cycle phases
During project execution, the project manager would create:
project executionstatus reportproject communication - Question #162Project life cycle phases
Which of the following tasks are performed within the initiation phase?
project initiationproject charter - Question #163Project life cycle phases
After which of the following documents is signed off by stakeholders can a project begin?
project charterproject initiationstakeholder sign-off - Question #164Project management concepts
A project is a (an):
project definition - Question #165Project management concepts
A project is in the execution phase. In review, Joe sees that the project will miss the next deadline due to delays in equipment delivery. Joe has asked the resource manager for ad...
schedule managementcrashingproject execution - Question #166Tools and documentation
Which of the following is a document used iteratively during a project to capture strengths and weaknesses?
lessons learnedproject documentationcontinuous improvement - Question #167Project management concepts
Which of the following BEST describes the general idea of the project?
project objectivesproject definition - Question #168Project management concepts
A project has been going on for three weeks, and the project manager notices that Resource A is beginning to fall behind schedule. The project manager should FIRST schedule a meeti...
resource managementschedule managementproblem solvingproject communication - Question #169Project management concepts
A project has two resources scheduled to work 40 hours a week for four weeks, both at $85.00 an hour. One resource called in sick for 16 hours, while the other resource worked four...
cost managementresource costingproject budgeting - Question #170Tools and documentation
A network diagram is used to organize which of the following?
network diagramcritical path methodschedule management - Question #171Project management concepts
Which of the following describes a critical path?
critical pathschedule managementproject scheduling - Question #172Tools and documentation
When creating a communication plan, the project manager should include the escalation path, format and frequency of meetings, and:
communication planroles and responsibilitiesproject communication - Question #173Project management concepts
A project starts out as a small three month project. One month into the project, a stakeholder asks the team for additional functionality, which is estimated to take an additional...
scope creepchange managementproject scope - Question #174Project management concepts
After a project team has almost completed the development on the project's original requirements, the users identify functionality that is necessary but was not in the original req...
change managementchange requestproject scope - Question #175Project management concepts
A project risk is defined as a condition or event that:
project riskrisk definition - Question #176Project management concepts
A project team is about to deliver on a two year long project when they are informed of new Government laws that directly affect the product. The team meets with their stakeholders...
change managementchange requestexternal factorsproject compliance - Question #177Project management concepts
A project team is meeting monthly for their project risk review. During the brainstorm, one of the team members mentions that a risk to the project could be a delay with the server...
risk managementrisk responserisk avoidance - Question #178Project management concepts
Which of the following conflict resolution techniques results in mutual agreement among conflicting parties?
conflict resolutionnegotiationcompromise - Question #179Project management concepts
Which of the following conflict resolution techniques emphasizes agreeable points in order to move the project forward?
conflict resolutionsmoothing - Question #180Project management concepts
In a functional structured organization, which of the following is a common cause of conflict with project team members?
organizational structurefunctional organizationresource conflict - Question #181Project management concepts
Which of the following risk responses would be characterized by having knowledge of a risk event and taking advantage of the risk?
Risk responseExploiting riskPositive risk - Question #182Project management concepts
A project manager has calculated their project to have a SV of -$5,000. Which of the following conclusions is correct?
Earned Value Management (EVM)Schedule Variance (SV)Project schedule - Question #183Basics of IT and governance
Which of the following bodies has external influence regarding standards compliance?
Standards complianceISOGovernance - Question #184Project management concepts
An unexpected risk has been identified in a project. Which of the following actions should the project manager perform FIRST?
Risk management processRisk registerRisk identification - Question #185Tools and documentation
A project is experiencing quality issues with the deliverable product. Which of the following tools would be used to identify and prioritize the MOST commonly occurring issues?
Quality managementPareto chartQuality tools - Question #186Project management concepts
A change request has been approved for a project. Which of the following actions should be taken FIRST by the project manager?
Change managementProject documentationApproved changes - Question #187Project management concepts
Which of the following is an appropriate response to an expected risk opportunity?
Risk responseRisk opportunityExploiting risk - Question #188Project management concepts
The project has spent $5,000 to date. The earned value of the project is $7,500. Which of the following is the project's CPI?
Earned Value Management (EVM)Cost Performance Index (CPI)Project cost - Question #189Project management concepts
The project has spent $5,000 to date. The earned value of the project is $7,500. Using earned value management, which of the following is correct?
Earned Value Management (EVM)Cost Variance (CV)Project budget - Question #190Project life cycle phases
In which of the following situations would a project manager conduct a post mortem?
Project closureLessons learnedPost-mortem review - Question #191Project life cycle phases
The project team has just completed all of the design activities and will begin construction next week. Which of the following will the project manager do prior to beginning the co...
Project phasesPhase gate reviewProject life cycle - Question #192Project life cycle phases
Which of the following is a goal of a kick-off meeting?
Project initiationKick-off meetingStakeholder engagement - Question #193Project management concepts
The project manager has been informed the project's CPI is 0.85 on a multi-year project that is 30% complete. Which of the following actions would be BEST for the project manager t...
Earned Value Management (EVM)Cost Performance Index (CPI)Cost controlCorrective action - Question #194Tools and documentation
A key stakeholder has requested a change to the delivery frequency of the risk register. Which of the following documents should be updated?
Communications planProject documentationStakeholder communication - Question #195Project management concepts
The customer now needs the project's deliverable 3 months earlier than scheduled. The deliverable's quality has been reduced so the budget will not be impacted. Which of the follow...
Project scheduleChange managementProject constraints - Question #196Project management concepts
The customer has agreed to pay 20% more for the project deliverable if it can be turned over to them in four weeks. The project manager has the team members to complete the project...
Risk responseSharing riskProcurementNegotiation - Question #197Tools and documentation
A project is having issues because the team is unclear what they should be doing and who should be doing it. This could have been avoided by using:
Communications planTeam roles and responsibilitiesProject communication - Question #198Project management concepts
A project is having issues because people are making modifications to the servers without manager approval. This could have been avoided by using:
Change managementUnauthorized changesConfiguration control - Question #199Tools and documentation
A project is having issues because uncertain events have occurred that were not tracked and planned for. This could have been avoided by using:
Risk managementRisk registerUncertainty - Question #200Tools and documentation
A project is having issues because the time required to do the smaller work items in the project were underestimated. This could have been avoided by using:
Work Breakdown Structure (WBS)EstimationScope managementProject planning