What is the purpose of vendor prequalification during the discovery phase?

To negotiate final contract terms

To select the lowest-cost vendor

To create a shortlist of vendors that meet minimum requirements

To develop a detailed project schedule

In a cost-benefit analysis, what does a positive net benefit indicate?

The project will be completed on time

The project's costs exceed its benefits

The project's benefits exceed its costs

What is the primary purpose of a business case in the discovery phase of a project?

To provide a detailed schedule of project activities

To list the project team members and their roles

To document the project's risks and mitigation strategies

To justify the project's initiation and secure approval

A project manager is prequalifying vendors for a complex IT project. The project requires a vendor with a specific security certification (ISO 27001) and experience with a niche technology. The project manager has received responses from five vendors. Three vendors meet the mandatory criteria, and two do not. What is the most appropriate next step?

Advance the three vendors that meet the criteria to the next stage of the selection process

Reject all vendors and restart the prequalification process

Consider the two vendors that do not meet the criteria if they offer a lower price

Select the vendor with the lowest price from all five responses

CompTIAProject+

Domain 2Objective 1

Discovery Phase Artifacts PK0-005 Practice Questions (Page 4)

Part of the Project life cycle phases domain, which accounts for 30% of the PK0-005 exam. CompTIA does not publish an official question count, but from its 90-minute exam (~35–60 total, ~11–18 in this domain), expect 2–4 from this objective — we provide 30 practice questions to prepare you well beyond it. (estimate)

30questions here

6free pages

7concepts

30%of the exam

Questions 16–20

16foundation · easy
What is the purpose of vendor prequalification during the discovery phase?
Select an answer first
17foundation · easy
In a cost-benefit analysis, what does a positive net benefit indicate?
Select an answer first
18foundation · easy
What is the primary purpose of a business case in the discovery phase of a project?
Select an answer first
19application · medium
A project manager is evaluating a project that requires an initial investment of $80,000. The project is expected to generate $20,000 in annual savings for 6 years. What is the simple payback period for this project?
Select an answer first
20expert · hard
A project manager is prequalifying vendors for a complex IT project. The project requires a vendor with a specific security certification (ISO 27001) and experience with a niche technology. The project manager has received responses from five vendors. Three vendors meet the mandatory criteria, and two do not. What is the most appropriate next step?
Select an answer first

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Discovery Phase Artifacts PK0-005 Practice Questions (Page 4)

Questions 16–20

What is the purpose of vendor prequalification during the discovery phase?

In a cost-benefit analysis, what does a positive net benefit indicate?

What is the primary purpose of a business case in the discovery phase of a project?

A project manager is evaluating a project that requires an initial investment of $80,000. The project is expected to generate $20,000 in annual savings for 6 years. What is the simple payback period for this project?

Keep studying — Project life cycle phases