The latest CompTIA Project+ PK0-004 certification actual real practice exam question and answer (Q&A) dumps are available free, which are helpful for you to pass the CompTIA Project+ PK0-004 exam and earn CompTIA Project+ PK0-004 certification.
Exam Question 591
You are working in a matrix organization. Choose two responses that describe this type of structure.
A. Project resources are members of another business unit and may or may not be able to help you full-time.
B. Matrix organizations can be structured as strong, weak, or balanced.
C. Project managers have the majority of power in this type of structure.
D. This organizational structure is similar to a functional organization.
E. Employees are assigned project tasks by their project manager in this type of structure.
Correct Answer:
B. Matrix organizations can be structured as strong, weak, or balanced.
E. Employees are assigned project tasks by their project manager in this type of structure.
Answer Description:
A matrix organization can be structured as a strong, weak, or balanced matrix. Employees are assigned to projects by their functional managers, and the project tasks are assigned to them by the project manager. The project manager has the majority of power in a projectized organization.
Exam Question 592
A project manager has the most authority under which organizational structure?
A. Projectized
B. Functional
C. Balanced matrix
D. Strong matrix
Correct Answer:
A. Projectized
Answer Description:
A projectized organization is designed around project work, and project managers have the most authority in this type of structure. Project managers have the least amount of authority in a functional organization; they have some authority in a balanced matrix and a little more authority in a strong matrix, but not as much authority as they have in a project-based organization.
Exam Question 593
Your project has expected cash inflows of $7.8 million in today’s dollars. Which cash flow technique was used to determine this?
A. Discounted cash flow
B. IRR
C. NPV
D. Cost-benefit analysis
Correct Answer:
A. Discounted cash flow
Answer Description:
The discounted cash flow technique compares the total value of each year’s expected cash inflow to today’s dollar. IRR calculates the internal rate of return, NPV determines the net present value, and cost-benefit analysis determines the cost of the project versus the benefits received.
Exam Question 594
Which of the following are the steps required to validate a project? Choose two.
A. Analyze the feasibility.
B. Justify the project.
C. Align it to the strategic plan.
D. Validate the business case.
E. Identify and analyze stakeholders.
Correct Answer:
D. Validate the business case.
E. Identify and analyze stakeholders.
Answer Description:
The steps required to validate a project are validating the business case (which encompasses a feasibility analysis, justification for the project, and alignment to the strategic plan) and identifying and analyzing stakeholders.
Exam Question 595
This general management skill concerns obtaining mutually acceptable agreements with individuals or groups.
A. Leadership
B. Problem-solving
C. Negotiating
D. Communicating
Correct Answer:
C. Negotiating
Answer Description:
Negotiating involves obtaining mutually acceptable agreements with individuals or groups. Leadership involves imparting a vision and motivating others to achieve the goal. Problem-solving involves working together to reach a solution. Communicating involves exchanging information.
Exam Question 596
Federico, the director of the marketing department, has approached you with an idea for a project. What are the elements you’ll include in the business case? Choose four.
A. The business justification for the project
B. The strategic opportunity/business need that brought ab out the project
C. The recommended alternative
D. List of key stakeholders
E. Alternative solutions analysis
Correct Answer:
A. The business justification for the project
B. The strategic opportunity/business need that brought ab out the project
C. The recommended alternative
E. Alternative solutions analysis
Answer Description:
The business case establishes the justification for the project, how it aligns to the strategic goals of the organization, the business need or opportunity that brought about the project, alternative recommendations and analysis, a recommendation on which alternative to choose, and the feasibility study or the feasibility study results may or may not be included in the business case.
Exam Question 597
Your project has expected cash inflows of $1.2 million in year 1, $2.4 million in year 2, and $4.6 million in year 3. The project pays for itself in 23 months. Which cash flow technique was used to determine this?
A. IRR
B. NPV
C. Discounted cash flow
D. Payback period
Correct Answer:
D. Payback period
Answer Description:
Payback period is a technique that calculates the expected cash inflows over time to determine how many periods it will take to recover the original investment. IRR calculates the internal rate of return, NPV determines the net present value, and discounted cash flows determine the amount of the cash flows in today’s dollars.
Exam Question 598
You’ve been given an idea for a project by an executive in your organization. After writing the business-case analysis, you submit it to the executive for review. After reading the business case, he determines that the project poses a significant amount of risk to the organization. What do you recommend next?
A. Proceed to the project selection committee.
B. Reject the project based on the analysis.
C. Proceed to writing the project plan.
D. Perform a feasibility study.
Correct Answer:
D. Perform a feasibility study.
Answer Description:
The next best step to take in this situation is to perform a feasibility study. Feasibility studies are typically undertaken for projects that are risky, projects that are new to the organization, or projects that are highly complex. Projects of significant risk to the organization shouldn’t be taken to the selection committee without having a feasibility study first, and writing the project plan doesn’t make sense at this point because you don’t know if the project will be chosen or not. You also can’t reject the project because there isn’t enough information to determine whether it should be rejected until the feasibility study is completed.
Exam Question 599
You’re a project manager working on a software development project. You are working hand in hand with a systems analyst who is considered an expert in her field. She has years of experience working for the organization and understands not only systems development but also the business area the system will support. Which person should make the decisions about the management of the project?
A. roject manager
B. Systems analyst
C. Project manager with input from systems analyst
D. Systems analyst with input from project manager
Correct Answer:
C. Project manager with input from systems analyst
Answer Description:
The project manager is ultimately responsible for managing the work of the project. That doesn’t mean they should work without the benefit of input from others.
Exam Question 600
This is the final, approved version of the project schedule. All of the following are true regarding this term except for which of the following?
A. It will prevent future schedule risk.
B. It’s approved by the stakeholders, sponsor, and functional managers.
C. It’s used to monitor project progress throughout the remainder of the project.
D. This describes a schedule baseline.
Correct Answer:
A. It will prevent future schedule risk.
Answer Description:
The schedule baseline is the final, approved version of the schedule and is signed by the stakeholders, sponsor, and functional managers. Having a schedule baseline will not prevent future schedule risk.