PK1-003 Online Practice Questions and Answers

Senior executives within a company have noticed an increasing number of projects failing to deliver to requirements. Which of the following project governance methods will help to meet this need?

A. Phase gate approval

B. Project phase transition

C. ISO standards compliance

D. Audit trail

Which of the following is a KEY requirement to produce a project schedule?

A. Identification of all the required activities

B. The program evaluation and review technique

C. A stakeholder and customer matrix

D. Ensure all the resourcing costs are known

A project manager has identified a minor skills gap in the operational team that will end up supporting the project solution. Which of the following is the BEST risk mitigation strategy that the project manager should use?

A. Organize adequate training and have one of the operational staff as part of the project team.

B. Raise a risk in the risk register, identify the likelihood and the consequence of the risk occurring.

C. Have the project adequately document the solution and ensure a transition is in place.

D. Escalate this as an issue to the project control board and ensure that there is adequate discussion.

Which of the following risk responses would be characterized by having knowledge of a risk event and taking advantage of the risk?

A. Accepting

B. Enhancing

C. Exploiting

D. Sharing

A project charter should allow the approver to easily identify which of the following?

A. The specific budget needed to complete the project.

B. How the risk management plan will be mitigated.

C. The project's problem statement.

D. How the resources for the project will be assigned.

Which of the following is an advantage of using GERT?

A. Discretionary dependencies can be used

B. Allows using dummy activities

C. Slack time is more easily shown

D. Multiple outcome options can be shown

A project manager needs to determine how much it will cost for a third party to complete certain deliverables and the steps they will take to complete those deliverables. Which of the following should the project manager do to gather this information?

A. Issue an RFQ

B. Issue an RFP

C. Create a WBS

D. Develop a SOW

Which of the following should a project manager do for a team member who does not speak the same language?

A. Hire a translator to assist the team member in communicating.

B. Communicate with the team member using translation software.

C. Send the team member to training on the desired language.

D. Ask for a replacement team member that speaks the same language.