CompTIA CompTIA Project+ PK1-003 Questions & Answers

• Question 161:

  During project execution, the project manager would create:

  A. AWBS

  B. Astatus report

  C. An issue log

  D. Arisk register

  Correct Answer: B

• Question 162:

  Which of the following is the BEST description of a baseline?

  A. A view of the project's status

  B. An assessment of risks for the project

  C. A snapshot of the project at a particular point in time

  D. A calculation of the project's CPI and SPI

  Correct Answer: C

• Question 163:

  If the SPI and CPI are both above 1, then the project is:

  A. Behind schedule and under budget.

  B. Behind schedule and over budget.

  C. Ahead of schedule and over budget.

  D. Ahead of schedule and under budget.

  Correct Answer: D

• Question 164:

  Which of the following BEST describes a project risk?

  A. Something that may positively or negatively impact the project

  B. Something that has already affected the project

  C. Something that is outside of the control of the project manager

  D. Something that will negatively impact the project

  Correct Answer: A

• Question 165:

  Which of the following should be included in a business case? (Select TWO).

  A. A budget estimate with a plus to minus 10%

  B. Benefits to the company

  C. Project Milestones

  D. Cost Benefit Analysis

  E. One proposed option to address the issue

  Correct Answer: BD

• Question 166:

  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 decides, as a workaround, to contract with a third party. This type of risk response is called:

  A. Transference.

  B. Avoidance.

  C. Monitor and Prepare.

  D. Acceptance.

  Correct Answer: A

• Question 167:

  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?

  A. Transference

  B. Mitigation

  C. Acceptance

  D. Avoidance

  Correct Answer: D

• Question 168:

  Which of the following areas are addressed in the Project Charter?

  A. Project team members

  B. Work Breakdown Structure (WBS)

  C. Business needs

  D. Communications venue

  Correct Answer: C

• Question 169:

  Which of the following plans would MOST likely contain a probability and impact matrix?

  A. Communication

  B. Resource

  C. Risk

  D. Project

  Correct Answer: C

• Question 170:

  Which of the following risk strategies can be used to ensure a positive risk is realized?

  A. Accept

  B. Enhance

  C. Share

  D. Exploit

  Correct Answer: D