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2021 Dec examcollection pk0-003:
Q31. - (Topic 3)
Approval from which of the following entities is required to make a project charter valid?
A. Accounting
B. Project sponsor
C. Developer
D. Legal
Answer: B
Q32. - (Topic 1)
A project manager was informed that a task will be delayed by four weeks. To determine the impact on the overall project, which of the following will the project manager need to update FIRST?
A. WBS
B. Risk log
C. Project schedule
D. Scope statement
Answer: C
Q33. - (Topic 3)
Halfway through a project, the customer lead retired and was replaced. The new lead attended a briefing on the project and let the project manager know the customer is dissatisfied with the performance of the project team. The new lead has called for the immediate termination of the project and has requested that all funds spent should be returned. Which of the following should the project manager do NEXT?
A. Cancel the project but keep all funds that have already been allocated.
B. Return funds as the customer is always right and should be happy.
C. Schedule an executive meeting to determine how appropriate stakeholders want to continue.
D. Inform the customer that funds cannot be returned due to the contractual agreement.
Answer: C
Q34. - (Topic 1)
A status report shows that the earned value is $50,000, the planned value is $40,000, and actual costs are $45,000. Which of the following is the SPI of the project, and is the project ahead or behind schedule?
A. SPI = 0.89, ahead of schedule
B. SPI = 0.90, behind schedule
C. SPI = 1.11, behind schedule
D. SPI = 1.20, ahead of schedule
Answer: D
Q35. - (Topic 1)
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 to discuss the impact to the project and determine that additional laws need to be taken into account before go-live. The NEXT step the project manager needs to take is:
A. re-direct the development team.
B. create a change request.
C. update the issues log.
D. hold a meeting with the users.
Answer: B
Up to the minute pk0-003 practice exam:
Q36. - (Topic 2)
Given the following statement:
Based on industry standards, the average cost for implementing new hardware to each site is $5000.
In which of the following areas should this statement be located within a project scope document?
A. Assumptions
B. Technical specifications
C. Constraints
D. Cost-benefit analysis
Answer: A
Q37. - (Topic 2)
Which of the following items would be found in a project scope statement?
A. Key performance indicators
B. High-level cost estimates
C. Acceptance criteria
D. Bottom-up estimates
Answer: A
Q38. - (Topic 2)
While creating a project schedule, multiple inputs were considered during estimating, allowing for the identification of best case, worst case, and expected case. Which of the following types of schedule methods will reflect this?
A. PERT
B. CPM
C. CCM
D. GERT
Answer: A
Q39. - (Topic 2)
A project activity has a schedule that allows a late start on day 10 and a late finish on day
20. The project manager has determined an early start could occur on day 7 with an early finish on day 14. Which of the following does this schedule identify?
A. A lead
B. A buffer
C. A float
D. A lag
Answer: C
Q40. - (Topic 2)
Which of the following are parts of decision oversight? (Select TWO).
A. Change control board
B. Committee consulting
C. Tollgate approval
D. Audit trails
E. Local laws
Answer: A,B