PK0-005 Online Practice Questions

Explanation:
A rollback plan is a part of the project management plan that defines how to revert the system to its previous state or baseline if the change or migration fails or causes unacceptable impacts1. A rollback plan is different from a contingency plan, which is a plan to deal with a specific risk event that may or may not occur2. A release plan and a deployment plan are not relevant to the scenario, as they are used to plan and execute the delivery and installation of the system, not to undo them.
Therefore, the correct answer is A. Rollback plan.

Explanation:
According to A Guide To Schedule Updating in Project Management, one of the best practices for effective schedule updating is to perform an impact analysis before making any changes to the schedule. An impact analysis helps the project manager to assess the effects of the change on the project scope, cost, quality, risk, and stakeholder expectations. It also helps to identify the best options for resolving the issue and minimizing the negative impacts. By performing an impact analysis first, the project manager can make informed decisions and communicate them clearly to the project team and stakeholders.

Explanation:
An issue log is a document that records and tracks any issues that arise during a project and how they are resolved1. It is different from a risk register, which records and tracks potential risks that may or may not occur during a project2. When a risk becomes an issue, it means that it has occurred and has a negative impact on the project. Therefore, the project manager should update the issue log next to document the compliance issue, its cause, its impact, its priority, its owner, and its resolution status3. Updating the issue log will help the project manager communicate the issue to the stakeholders, monitor the progress of the mitigation plan, and prevent similar issues from happening again4.
Reference = CompTIA Project+ PK0-005 Certification Study Guide, Chapter 11: Executing Projects Part 2, page 331; Project Risk Mitigation Guide + Starter Kit | Smartsheet, Risk Register section; How to Make a Risk Management Plan (Template Included) - ProjectManager, Risk Register section; Issue Log - Project Management Knowledge, Introduction section; Issue Log Template: Free Download | ProjectManager, Introduction and How to Use an Issue Log sections.

Explanation:
The project sign-off is the formal acceptance of the project deliverables by the client, stakeholder, or
customer. It also marks the closure of the project and the release of the final payment. If the project sign-off is not completed, the project may still incur costs and liabilities, which can explain the losses in the financial report. Therefore, the project manager should complete the project sign-off as soon as possible to avoid further losses12.

Explanation:
A backlog is commonly used in agile project management to list deliverables and tasks that have not
yet been completed. It allows the project manager to prioritize and organize the workload, especially for complex projects. This aligns with agile principles as outlined in CompTIA Project+.