PK0-004

Which of the following primary factors are used to prioritize the development of risk response strategies? ( Choose two.)A . LikelihoodB . TimelineC . ImpactD . QualityE . CostView AnswerAnswer: A,C

The PMO has asked the PM to provide a status report indicating the number of events and activities required to complete a project . Which of the following charts should the PM include in the status report?A . Gantt chartB . Scatter chartC . Run chartD . Process diagramView AnswerAnswer:...

Which of the following describes the difference between an acquisition and outsourcing?A . In an acquisition, the organizations remain separate, whereas they become one in outsourcing.B . In an acquisition, the organizations become one, whereas they move to a new location in outsourcing.C . In an acquisition, the organizations become...

Which of the following information does the project risk register typically contain?A . Type of risk, identified risk, risk response, impact of risk, severity of riskB . Type of risk, project task, risk response, impact of risk, severity of riskC . Type of risk, identified risk, risk response, project schedule...

An organization needs a vendor to provide a solution. The organization can only describe its goals but not how to accomplish the work. Which of the following types of procurement should be used?A . Request for informationB . Request for quoteC . Request for bidD . Request for proposalView AnswerAnswer:...

Which of the following is a reason for assessing risk in a project?A . To identify new tasksB . To shorten the project timelineC . To avoid reworkD . To establish a budgetView AnswerAnswer: C

Risk ID 2 has occurred. Which of the following ways should the project manager update the risk register?A . Add a column for probability and set risk 2 at 100%B . Change the risk 2 response to backups restoredC . Change the risk 2 status to issueD . Change the...

Which of the following risk strategies prevents a risk from impacting a project?A . Accept riskB . Mitigate riskC . Avoid riskD . Transfer riskView AnswerAnswer: C Explanation: Reference https://pm4id.org/chapter/11-2-risk-management-process/

A new stakeholder has requested the status and progress reports for the project milestones . Which of the following documents should the project manager address FIRST?A . Project communication planB . Project status reportC . Project management planD . Project backlogView AnswerAnswer: C

The project manager has had a large number of change requests approved by the project steering committee, but has been given no extra time to deliver the project. Which of the following schedule compression techniques should be used by the project manager?A . ReschedulingB . CrashingC . RebaseliningD . Control...