Free CompTIA PK0-005 Practice Exam with Questions & Answers | Set: 7

A time and materials contract is a type of contract where the buyer pays the seller for the actual time and materials used during the project. This type of contract is suitable when the scope of work is uncertain or likely to change, and the vendor cannot provide accurate estimates. The document also specifies the resources involved and the rates the vendor will charge for the work12.

A dashboard is a visual tool that displays key project metrics and indicators in a single view12. A dashboard can help a project sponsor to provide the latest project status information on a weekly executive call by showing the project progress, budget, schedule, risks, issues, and milestones in a clear and concise way34. A dashboard can also facilitate communication, collaboration, and decision making among project stakeholders56. A dashboard should be reviewed and updated regularly to reflect the current state of the project7. References = CompTIA Project+ Certification Study Guide8, CompTIA Project+ Certification Exam Objectives9, Write a Project Status Report in 8 Steps + Template [2023] • Asana6, Project Status Reports: 9 Easy Steps & Examples [+ Template]7, How To Write a Project Status Report (Definition and Steps)8, How to Write a Project Status Report [Template Included] - Toggl9, What Is a Project Status? Definition and Key Terms - Indeed10

Agile methodologies emphasize flexibility and iterative progress, so strict deadlines can be a concern. They may limit the team’s ability to adapt and respond to change, as emphasized by CompTIA Project+ in agile project management principles.

Submit a change request to the change control board. The project manager should submit a change request to the change control board (CCB) if they realize that the project will not be completed on time due to resource constraints. A change request is a formal proposal to modify any aspect of the project, such as scope, schedule, cost, quality, or resources. A change request must be submitted to the CCB, which is a group of stakeholders who are authorized to review and approve changes. Submitting a change request can help to document the impact of the resource constraints on the project and seek approval for any corrective actions or preventive actions12

Smoke testing is a preliminary test to check whether the most essential functions of the software work correctly. It is often the first step in the testing phase and helps confirm that the build is stable enough for further testing. This aligns with CompTIA Project+ practices for software testing phases.

A change log is a document that records and tracks the changes that are made to the project scope, schedule, budget, or quality. It helps the project manager to monitor and control the project performance and ensure that the changes are aligned with the project objectives and stakeholders’ expectations. A change log can also include information such as the change description, impact, status, approval, and date. A change log is the best source for the PM to use to confirm the assertion that the functionality request was rejected during the planning phase, as it would show the details and reasons for the rejection12.

Evaluating the impact to baselines (such as schedule and budget) helps determine the delay’s effect on the project. This aligns with CompTIA Project+ guidance on project control, which emphasizes analyzing impacts before taking corrective actions.

A project closure meeting is a formal gathering held at the end of a project timeline. Its chief purpose is to evaluate the project’s performance, identify and discuss the achieved outcomes, successes, and challenges, and confirm that all predefined tasks and objectives have been completed successfully1. The project closure meeting also involves obtaining project sign-off from all necessary parties, such as the project sponsor, the client, the stakeholders, and the team members. Project sign-off is the official approval that the project has met the agreed-upon criteria and quality standards, and that the project is formally closed2.

A downtime window schedule specifies a timeframe during which systems can be taken offline or changed without affecting business operations. CompTIA Project+ includes this as part of deployment planning to ensure minimal disruption to stakeholders.