PK0-005 Practice Test 10 — 10 Questions

Question 1

A change request to add a new feature is submitted. The project manager performs an impact analysis and presents it to the Change Control Board (CCB). The CCB approves the change. What is the next step?

Choose an answer to begin — your selection is scored in the full session.

Accepted Answer

Implement the change and update the project baselines. After approval, the change must be implemented and project baselines (scope, schedule, cost) updated to reflect the approved change.

Answer

Document the change in the lessons learned

Answer

Reject the change and inform the requester

Answer

Update the risk register

Question 2

Order the steps for performing risk management planning.

Accepted Answer

Identify risks, then Qualitative analysis, then Quantitative analysis, then Plan risk responses, then Implement and monitor. Risk management follows: identify, qualitative analysis, quantitative analysis, plan responses, then implement and monitor.

Answer

Qualitative analysis, then Quantitative analysis, then Identify risks, then Plan risk responses, then Implement and monitor

Answer

Identify risks, then Qualitative analysis, then Plan risk responses, then Quantitative analysis, then Implement and monitor

Answer

Plan risk responses, then Identify risks, then Qualitative analysis, then Quantitative analysis, then Implement and monitor

Question 3

A project has three activities on the critical path. Activity A has a duration of 5 days, Activity B has a duration of 3 days, and Activity C has a duration of 4 days. What is the total float for any activity on the critical path?

Accepted Answer

0 days. Total float (slack) on the critical path is always zero by definition. The critical path is the longest sequence of dependent activities through the network, and any delay to a critical-path activity directly delays the project finish date. Therefore, activities on the critical path have no scheduling flexibility.

Answer

3 days

Answer

12 days

Answer

4 days

Question 4

A project manager reviews the following change request log:
- CR-001: Adds 2 weeks to the schedule.
- CR-002: Low-priority enhancement; no schedule impact.
- CR-003: Reduces schedule by 1 week to offset delays from other changes.
- CR-004: Urgent but high-risk; could cause additional delays.
Based on the change request log, which of the following actions should the project manager take to maintain the project schedule?

Accepted Answer

Approve CR-003. CR-003 reduces the schedule by one week, which directly offsets delays introduced by other changes and helps maintain the project schedule. Approving it is the action that best supports schedule maintenance, since it recovers time rather than consuming it.

Answer

Implement CR-004 immediately

Answer

Prioritize CR-002

Answer

Reject CR-001

Question 5

During a project status meeting, a stakeholder complains that the project is not delivering the expected business value. The project manager reviews the business case and finds that the project is on track per the approved scope. What should the project manager do?

Accepted Answer

Review the business case with the stakeholder to realign expectations.. The stakeholder's perception of business value may differ from the approved scope. The project manager should review the business case with the stakeholder to clarify the agreed-upon objectives, success criteria, and expected value, thereby realigning expectations without scope creep. This approach maintains stakeholder engagement and ensures the project remains within its defined boundaries.

Answer

Explain that the project is on track and ignore the complaint.

Answer

Escalate to the project sponsor.

Answer

Add features to increase business value.

Question 6

A project manager needs to document the process for submitting and approving change requests. Which document should the project manager create?

Accepted Answer

Change management plan. The change management plan is the correct document because it specifically defines the process for submitting, reviewing, approving, and tracking change requests. This plan outlines the roles, responsibilities, and procedures for managing changes to project baselines, ensuring that all modifications are controlled and documented.

Answer

Risk register

Answer

Lessons learned

Answer

Project charter

Question 7

A project manager is using a tool to track project tasks, dependencies, and resource assignments. The team needs to see the critical path and adjust schedules when tasks are delayed. Which tool should the project manager use?

Accepted Answer

Gantt chart. The Gantt chart is the correct tool because it visually displays project tasks, their dependencies, durations, and resource assignments along a timeline. It explicitly shows the critical path (the longest sequence of dependent tasks) and allows the project manager to adjust schedules dynamically when tasks are delayed, making it ideal for schedule management and impact analysis.

Answer

Pareto chart

Answer

RACI matrix

Answer

Kanban board

Question 8

A project manager is performing quantitative risk analysis. Which THREE of the following techniques are commonly used? (Select three.)

Accepted Answer

Monte Carlo simulation. Monte Carlo simulation (B) is a core quantitative risk analysis technique that runs thousands of iterations of a model using probability distributions for cost or schedule variables to produce a probabilistic range of outcomes. Sensitivity analysis (C) is also quantitative: it examines how variation in individual risk variables (e.g., via a tornado diagram) affects the overall project objective, isolating the most influential risks. Expected monetary value (D) is quantitative because it multiplies each risk's probability by its monetary impact and sums the results to derive a contingency reserve figure. By contrast, SWOT analysis (A) is a qualitative strategic/risk identification tool, and the probability and impact matrix (E) is a qualitative technique for prioritizing risks by rating likelihood and impact rather than computing numeric values.

Answer

SWOT analysis

Answer

Probability and impact matrix

Question 9

In the context of risk management, what is a trigger?

Accepted Answer

An event that indicates a risk is imminent or has occurred.. In risk management, a trigger (also called a risk trigger or warning sign) is an event or condition that indicates a risk is about to occur or has already occurred, prompting the team to execute the planned risk response. Triggers are defined during risk planning so the team can monitor for them and act proactively rather than reactively. This matches the definition of an event signaling that a risk is imminent or has happened.

Answer

The person responsible for monitoring the risk.

Answer

The residual risk after a response is implemented.

Answer

The strategy to respond to a risk if it occurs.

Question 10

A project manager is creating a risk register. One risk has a probability of 0.3 and an impact of $50,000. What is the expected monetary value (EMV) of this risk?

Accepted Answer

$15,000. EMV = Probability * Impact = 0.3 * $50,000 = $15,000.

Answer

$1,500

Answer

$150,000

Answer

$50,000