Pearson PK0-005 New Attempt

Obtaining project sign-off is crucial in the closure phase, as it signifies formal acceptance of the project deliverables by the stakeholders. According to CompTIA Project+, project sign-off is a key milestone in officially closing the project.

Assessing the resource pool is the process of identifying and evaluating the availability, skills, and costs of the resources needed for the project. The PM reviews the SOW from the contractor to understand the scope and requirements of the project, grades the full-time equivalents’ resumes to determine their qualifications and suitability for the project, evaluates the titles and salaries to estimate the budget and allocation of the resources, and estimates the number of hours for each milestone by full-time equivalents to plan the schedule and workload of the project12.

The BEST way to coordinate management of multiple related projects is to establish a program. A program is a group of related projects that are managed together to achieve specific strategic business objectives. References: CompTIA Project+ Study Guide Section 2.2.1

The organization should establish a program to coordinate management of multiple related projects. A program is a group of related projects, subprograms, and program activities that are managed in a coordinated way to obtain benefits and control not available from managing them individually. A program can help to align multiple projects with strategic goals, optimize resources and risks, and deliver value to stakeholders.

A risk register is used to document potential risks, including causes and impacts. This tool is essential for tracking and communicating project risks to stakeholders, as recommended by CompTIA Project+ for risk management.