PK1-003 Online Practice Questions and Answers

A chart of accounts is included in which of the following plans?

A. Quality management

B. Cost management

C. Risk management

D. Procurement management

When dealing with indirect project team members, it is important to recognize which of the following?

A. Differences of efficiency

B. Motivation to be engaged on a project

C. Communication preferences

D. Functional or hierarchical barriers

Which of the following is the FIRST step in a proper change management procedure?

A. Coordinate with appropriate stakeholders

B. Update the project plan

C. Perform impact analysis

D. Identify a change

The MOST detailed component of the WBS is known as:

A. An activity

B. Acost account

C. Asub-phase

D. Awork package

While working on a project, a workaround is implemented to deal with an unforeseen event. Which of the following should be the NEXT step?

A. Continue with the project as planned

B. Update the risk register

C. Update the project management plan with information about the workaround

D. Assess the action taken to determine additional impacts to the project

The formula for Schedule Performance Index (SPI) is:

A. SPI = SV/PV

B. SPI = EV/PV

C. SPI = EV/SV

D. SPI = PV/EV

Schedule dependenciesinclude:(Select TWO).

A. Successor activities

B. Risks

C. Constraints

D. Predecessor activities

E. Issues

F. Assumptions

In a functional structured organization, which of the following is a common cause of conflict with project team members?

A. Inadequate budget

B. Failure to communicate project goals and objectives

C. Competing demands for resources

D. Lack of proper training

The customer has agreed to pay 20% more for the project deliverable if it can be turned over to them in four weeks. The project manager has the team members to complete the project, but is having difficulty procuring enough material from a vendor. The project manager agrees to pay 5% more for the material if complete shipment can be made within a week. This is an example of which of the following risk response strategies?

A. Transferring

B. Enhancing

C. Sharing

D. Exploiting

Which of the following steps oversees the productivity of the project team?

A. Analyze performance information

B. Review change log

C. Identify variance

D. Monitoring work performance