CompTIA PK0-004 Online Practice Questions and Exam Preparation

CompTIA PK0-004 Online Questions & Answers

• Question 61:

  A sponsor requests that the project team shorten the completion of a project by two months to give the sales team more leverage in renegotiating the contract with the client. The budgeted time is 500 hours, and the projected earned value is $30,000.

  

  Which of the following represents the cost variance for both project completions?

  A. -$4.8K and -$7K
  B. -$4.9K and $7K
  C. $4.8K and -$7K
  D. $4.8K and $7K
  C. $4.8K and -$7K

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  Reference: https://pmstudycircle.com/2012/05/schedule-variance-sv-cost-variance-cv-in-project-cost- management/

• Question 62:

  A project manager is meeting with top management executives and presenting a project status report. The Chief Information Officer (CIO) and other executives complain that the meeting is taking too long and not providing summary information on the project's progress.

  Which of the following should the project manager be presenting?

  A. Project issue
  B. Project dashboard
  C. Project schedule
  D. Project milestone
  B. Project dashboard

• Question 63:

  For most organizations, which of the following is the MOST efficient method to communicate the project status to a large group of stakeholders?

  A. Email messages
  B. Internet site
  C. Conference calls
  D. Instant messages
  C. Conference calls

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  Reference: https://www.aipm.com.au/blog/3-communication-methods-in-project-management

• Question 64:

  A project encountered a problem and reached a milestone. In which of the following documents will the stakeholders MOST likely find information on these events?

  A. Issues log
  B. Change log
  C. Status report
  D. Meeting minutes
  C. Status report

• Question 65:

  An influential stakeholder has left the organization. Which of the following documents MOST likely needs to be updated?

  A. Incident response plan
  B. Issue log
  C. Communication plan
  D. Project plan
  B. Issue log

• Question 66:

  A project is due to deliver, configure, and install a collection of medical devices. The first device in the collection is reportedly four weeks behind schedule is manufacturing. Which of the following BEST describes how the project manager can keep the project on track?

  A. Expedite shipping of the first item to keep the installation order.
  B. Rearrange the installation dates since other devices are already on site.
  C. When the late equipment arrives, have the team work overtime.
  D. Explain the vendor payments will be withheld if delivery is not met.
  B. Rearrange the installation dates since other devices are already on site.

• Question 67:

  A team has been assembled and assigned a project to reduce recent, unanticipated production cost overruns. Which of the following tools should the project team select to determine the possible origins of the increased costs?

  A. Pareto chart
  B. Fishbone diagram
  C. Process diagram
  D. Run chart
  B. Fishbone diagram

• Question 68:

  Which of the following documents is a snapshot in time of a project during the execution phase?

  A. Scope document
  B. Performance indicators
  C. Status report
  D. Risk register
  C. Status report

• Question 69:

  Which of the following risk management activities identifies the severity of a risk event?

  A. Quantification
  B. Identification
  C. Response
  D. Mitigation
  B. Identification

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  Reference: https://www.nap.edu/read/11183/chapter/6#39

• Question 70:

  The project manager has noticed a vendor is not performing in accordance with the SLA.

  Which of the following items should the project manager use to highlight the vendor's areas of poor performance?

  A. Balanced score card
  B. WBS
  C. Post-project evaluation
  D. PERT
  A. Balanced score card

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  Reference: Kim Heldman, CompTIA Project+ Study Guide, 2nd Edition, Sybex, Indianapolis, 2017, p. 332