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  1. Home
  2. CompTIA Certification
  3. PK0-005 Exam
  4. CompTIA.PK0-005.v2024-05-07.q125 Dumps
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Question 71

During a sponsor meeting, a PM is assigned to manage a new external project for an IT consultant. The
sponsor wants the PM to establish an agreement regarding the exchange of money between both parties.
Which of the following documents would the PM most likely create?

Correct Answer: C
A formal contract is a legal document that defines the terms and conditions of the agreement between the
project parties, such as the scope, schedule, budget, quality, deliverables, roles and responsibilities, payment
methods, and dispute resolution mechanisms. A formal contract is essential for external projects, especially
when there is an exchange of money involved, to protect the interests and rights of both parties and to ensure
mutual understanding and compliance. A formal contract is different from a business requirement, which is a
statement of the needs and expectations of the customer or stakeholder for the project outcome. A formal
contract is also different from a client statement of work, which is a document that describes the work to be
performed, the deliverables to be provided, and the acceptance criteria to be met by the project vendor or
contractor. A formal contract is also different from a project charter, which is a document that authorizes the
project and provides the high-level information about the project objectives, scope, stakeholders, and project
manager. References = CompTIA Project+ Study Guide: Exam PK0-005, 3rd Edition, Chapter 4: Project
Integration Management1; CompTIA Project+ Certification Study Guide, 3rd Edition, Chapter 4: Project
Integration Management2; 11 Essential Documents To Use as a Project Manager3
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Question 72

A project sponsor asked the PM to provide a summary of the current financial status. The PM uses the following burn up chart for the analysis:

Based on the chart, which of the following is the current status of the project?

Correct Answer: A
Explanation
The project manager can use the burn up chart to analyze the current status of the project based on its scope (value delivered), budget (cost), and schedule (time). A burn up chart is a graphical tool that shows how much work has been completed (burned up) versus how much work remains (scope) over time. It also shows how much budget has been spent (burned up) versus how much budget remains (budget) over time. A burn up chart can help to monitor and control the project progress and performance and identify any variances or deviations from the plan. The chart given shows that both scope and budget lines are above their respective target lines at any given time point. This means that less work has been completed than planned (scope variance) and more money has been spent than planned (budget variance) at any given time point. Therefore, the project is behind schedule and over budget.
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Question 73

Which of the following is the main reason for documenting artifacts?

Correct Answer: A
Documenting artifacts is the main reason for creating and maintaining project documents that relate to the
management of the project, not the project deliverables. Artifacts are used to define, support, and align the
project work to the project requirements and business goals. They also serve as a source of information and
evidence for future projects, audits, reviews, and lessons learned1. Documenting artifacts helps to capture the
project's history, performance, outcomes, and best practices, which can be useful for organizational learning
and improvement2. References = CompTIA Project+ PK0-005 Certification Study Guide, Chapter 14: Closing
the Project, page 403; Project Artifacts and How to Use Them - Rebel's Guide to Project Management,
Introduction and What are project artifacts in project management? sections; Project Management Artifacts:
Definition, Types, and Phases, Introduction and What are project artifacts in project management? sections.
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Question 74

Which of the following is a typical characteristic of Scrum?

Correct Answer: C
A self-organized team is a typical characteristic of Scrum, which is an agile framework for managing complex
projects. A self-organized team is a group of motivated and skilled individuals who have the autonomy and
authority to make decisions and collaborate on how to deliver the project goals. A self-organized team does
not rely on a manager or a leader to assign tasks, monitor progress, or resolve issues. Instead, a self-organized
team uses Scrum events, such as daily stand-ups, sprint planning, sprint review, and sprint retrospective, to
coordinate their work, communicate with each other, and inspect and adapt their process and product123.
References = CompTIA Project+ Study Guide: Exam PK0-005, 3rd Edition, Chapter 2: Project
Methodologies, p. 55; Scrum Characteristics - Scrumversity; What is Scrum? | Scrum.org; Characteristics of a
Great Scrum Team | Scrum.org
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Question 75

A project implementation partner and the project manager disagree about completed requirements. The project manager shows the project requirements as 70% complete. The implementation partner validates that all requirements were completed. Which of the following would clarify what the project implementation partner was contractually expected to complete?

Correct Answer: A
The statement of work (SOW) would clarify what the project implementation partner was contractually expected to complete after disagreeing with the project manager about completed requirements. A SOW is a document that defines the scope, deliverables, schedule, and terms and conditions of a project or contract. A SOW typically includes information such as purpose, scope of work, location of work, period of performance, deliverables schedule, applicable standards, acceptance criteria, special requirements, and payment schedule. A SOW can help to establish a common understanding and agreement between the client and the service provider on what needs to be done and how it will be done.
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