A project manager is selecting a vendor from a prequalified list for a marketing campaign. The project has a tight budget, but the quality of the creative output is critical to the campaign's success. Which vendor selection criteria should be weighted most heavily?

Quality of past work and creative portfolio

What is the first step in performing a cost-benefit analysis?

Calculate the return on investment

Identify all project costs and benefits

A project manager is drafting a business case for a new customer relationship management (CRM) system. The document must include the specific performance improvements the system will deliver, the potential downsides of implementation, and the estimated budget. Which three components must be included?

Milestones, deliverables, and acceptance criteria

Objectives, benefits, and risks

A steering committee is reviewing two business cases. Case A proposes a new product with a projected ROI of 30% and a moderate risk of market acceptance. Case B proposes a cost-saving initiative with a projected ROI of 15% and very low risk. The company's strategic goal is to become a market leader in its sector. Which business case should the committee prioritize?

Case B, because it has a lower initial investment

Both cases equally, because they both have positive ROI

Case B, because it has a lower risk

Case A, because it aligns with the strategic goal of market leadership and offers a higher ROI

CompTIAProject+

Domain 2Objective 1

Discovery Phase Artifacts PK0-005 Practice Questions (Page 5)

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 21–25

21application · medium
A project manager is selecting a vendor from a prequalified list for a marketing campaign. The project has a tight budget, but the quality of the creative output is critical to the campaign's success. Which vendor selection criteria should be weighted most heavily?
Select an answer first
22application · medium
A company is considering a project to automate its invoice processing. The project will cost $50,000 to implement and is expected to save $12,000 per year in labor costs. What is the return on investment (ROI) over a 5-year period?
Select an answer first
23foundation · easy
What is the first step in performing a cost-benefit analysis?
Select an answer first
24application · medium
A project manager is drafting a business case for a new customer relationship management (CRM) system. The document must include the specific performance improvements the system will deliver, the potential downsides of implementation, and the estimated budget. Which three components must be included?
Select an answer first
25expert · hard
A steering committee is reviewing two business cases. Case A proposes a new product with a projected ROI of 30% and a moderate risk of market acceptance. Case B proposes a cost-saving initiative with a projected ROI of 15% and very low risk. The company's strategic goal is to become a market leader in its sector. Which business case should the committee prioritize?
Select an answer first

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Discovery Phase Artifacts PK0-005 Practice Questions (Page 5)

Questions 21–25

A project manager is selecting a vendor from a prequalified list for a marketing campaign. The project has a tight budget, but the quality of the creative output is critical to the campaign's success. Which vendor selection criteria should be weighted most heavily?

A company is considering a project to automate its invoice processing. The project will cost $50,000 to implement and is expected to save $12,000 per year in labor costs. What is the return on investment (ROI) over a 5-year period?

What is the first step in performing a cost-benefit analysis?

Keep studying — Project life cycle phases