PK0-003 Exam Questions
500 real PK0-003 exam questions with expert-verified answers and explanations. Page 8 of 10.
- Question #352Project management concepts
A project needs software. After analyzing the choices, it is determined that if made in- house, it will cost $100,000. However, if the software is purchased, the cost would be $25,...
Expected Monetary Value (EMV)Risk quantitative analysisCost estimationDecision making - Question #353Project management concepts
Determining how to communicate general project information with a globally dispersed team has created scheduling challenges. Which of the following would BEST remedy the situation?
Communication managementGlobally dispersed teamsAsynchronous communication - Question #354Project management concepts
A project manager is using historical data from multiple projects to estimate activity durations. Which of the following network diagrams would BEST allow for the utilization of th...
PERTProject schedulingActivity duration estimationHistorical data - Question #355Project management concepts
Upper and lower control limits could be set at a standard deviation of three. Which of the following represents the associated confidence level?
Quality controlStatistical process controlConfidence level - Question #356Tools and documentation
When looking for solutions, which of the following procurement documents should be used?
Procurement documentsRFIProcurement management - Question #357Project management concepts
While working on a project, an unforeseen event arises that impacts a project objective. Which of the following should be updated as a result?
Issue managementIssue logRisk vs IssueProject control - Question #358Project management concepts
While working on a project, a workaround is implemented to deal with an unforeseen event. Which of the following should be the NEXT step?
WorkaroundIssue managementImpact assessmentProject control - Question #359Project life cycle phases
Objectives contained in the charter should resolve the:
Project charterProject objectivesProblem statementProject initiation - Question #360Project management concepts
An organization with a matrix structure typically:
Organizational structureMatrix organizationResource sharing - Question #361Project management concepts
The formula for Schedule Performance Index (SPI) is:
Earned Value ManagementSchedule Performance IndexSPI - Question #362Project life cycle phases
Schedule dependenciesinclude:(Select TWO).
Schedule managementActivity sequencingDependenciesPredecessor activities - Question #363Project life cycle phases
The primary purpose for documenting lessons learned during project closure is to:
Lessons learnedProject closureOrganizational Process Assets - Question #364Project life cycle phases
A common agenda item in a project kick-off meeting should include which of the following?
Project kick-offRoles and responsibilitiesProject initiation - Question #365Project management concepts
A project's Critical Path is:
Critical pathSchedule managementProject scheduling - Question #366Project management concepts
Which of the following conflict resolution techniques results in a lose-lose scenario?
Conflict resolutionCompromiseTeam management - Question #367Project management concepts
Which of the following types of risk responses would an insurance policy describe?
Risk managementRisk response strategiesRisk transference - Question #368Project management concepts
The project is running behind schedule because one of the developers has taken an unscheduled vacation. The project manager informs the developer that any further unauthorized abse...
Conflict resolutionConfrontingProject team management - Question #369Project life cycle phases
During the execution phase of a project, a change request has been approved to add activities to the critical path without altering the schedule. Which of the following techniques...
Schedule compressionFast trackingCritical pathSchedule management - Question #370Tools and documentation
A customer is reporting that the projects deliverables are not meeting the acceptance criteria. Which of the following documents MOST likely needs to be updated?
Quality managementAcceptance criteriaQuality checklistDeliverables - Question #371Project life cycle phases
During the execution of an assigned task the developer informs the project manager of a missing component. Which of the following should the project manager do next?
Change managementChange requestImpact analysisProject execution - Question #372Project management concepts
A project manager creates a detailed list of costs for each activity involved in the project and then uses the sum of the individual activities to create the budget. Which of the f...
Cost estimatingBottom-up estimatingProject budgeting - Question #373Project management concepts
Which of the following estimating techniques is the MOST accurate?
Cost estimatingBottom-up estimatingEstimating accuracy - Question #374Project management concepts
Which of the following could be identified as a main stakeholder in any project?
Stakeholder managementProject managerProject roles - Question #375Project management concepts
A team member is not happy to be assigned to a certain project manager's project. The team member has been communicating displeasure to the rest of the project team. Which of the f...
Team managementConflict resolutionInterpersonal skillsProject integrity - Question #376Project management concepts
A quality assurance process should include:
Quality assuranceContinuous improvementQuality management - Question #377Project life cycle phases
Administrative closure of a project includes which of the following activities?
Project closureAdministrative closureTeam release - Question #378Tools and documentation
The project manager can use the lowest level of the risk breakdown structure (RBS) to create which of the following documents?
Risk breakdown structureRBSRisk checklistRisk identification - Question #379Tools and documentation
Which of the following are components of an internal / external communication plan? (Select Two).
Communication planDistribution listCommunication frequencyStakeholder communication - Question #380Project management concepts
Which of the following is the definition of compromising?
CompromisingConflict resolutionTeam management - Question #381Project life cycle phases
Which of the following actions would require a formal project closure? (Select Two).
Project closureProject termination conditionsProject life cycle - Question #382Project life cycle phases
The lessons-learned activity and formal acceptance documentation form part of which of the following process groups?
Lessons learnedFormal acceptanceClosing process groupProject life cycle - Question #383Tools and documentation
Which of the following documents is used when soliciting vendors?
Request for Proposal (RFP)Procurement documentsVendor solicitation - Question #384Tools and documentation
Which of the following components is included in a transition plan?
Transition planProject handoverOwnership transfer - Question #385Project management concepts
A customer requests that the products quality be reduced to control its cost. Which of the following actions should the project manager take FIRST?
Change managementChange requestQuality vs CostProject management process - Question #386Tools and documentation
Which of the following components are included in a communication plan? (Select Two).
Communication planProject communicationsCommunication elements - Question #387Project management concepts
A project budget has been reduced by 10 percent, but the project has a critical deadline. Which of the following should the project manager do FIRST to complete the project on time...
Change managementImpact analysisProject constraintsBudget reduction - Question #388Tools and documentation
Key resources on a project are being shared. The stakeholders are aware of the shared resources and do not expect this to impact the progress of the project. In which of the follow...
Risk registerShared resourcesRisk identificationProject documentation - Question #389Project management concepts
Several key resources will be unavailable at the end of the project. The key stakeholders want to outsource the project to a third party. Which of the following risk responses is d...
Risk response strategiesRisk transferenceOutsourcing risk - Question #390Project management concepts
Several managers are sharing a project team member, which is impacting the progress of both projects. Which of the following BEST describes the situation?
Resource managementResource contentionCompeting demands - Question #391Project life cycle phases
Which of the following occurs during a project kick-off meeting? (Select Two).
Project kick-offStakeholder communicationRoles and responsibilitiesProject initiation - Question #392Basics of IT and governance
A project manager has failed to obtain the necessary permits from the local building commission. The project has been stopped because of a failure to understand the importance of:
ComplianceRegulatory requirementsPermitsProject governance - Question #393Project life cycle phases
Which of the following should be created in the project closing documentation? (Select Two).
Project closingClosure reportLessons learnedProject documentation - Question #394Project management concepts
A project can be defined as which of the following?
Project definitionTemporary endeavorTime and cost constraints - Question #395Tools and documentation
Which of the following elements would be needed to prepare an effective project scope document?
Project scope documentProject charterScope definitionProject initiation documents - Question #396Project management concepts
In which of the following organization types is it LEAST likely that a conflict regarding competing demands for resources would take place?
Organizational structuresProjectized organizationResource conflictResource management - Question #397Tools and documentation
Which of the following elements does a project charter contain?
Project charterProject scope statementProject authorization - Question #398Project life cycle phases
Which of the following describes the point in time when resources can be assigned to scheduled tasks?
Work Breakdown Structure (WBS)Work packagesResource assignmentProject planning - Question #399Project life cycle phases
During which of the following process groups is the preliminary project risk assessment performed?
Risk assessmentPlanning process groupRisk managementProject life cycle - Question #400Tools and documentation
Which of the following is a use for a Pareto diagram?
Pareto diagramQuality managementProblem prioritizationProject tools - Question #401Tools and documentation
Which of the following quality control tools illustrates the various factors that may be linked to potential problems or effects?
Quality control toolsIshikawa diagramCause and effect diagram