PK0-005 Practice Test 19 — 15 Questions

Question 1

A project manager is creating a document that formally authorizes the project and assigns the project manager. This document includes the business case, high-level scope, and budget constraints. What is this document called?

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

Accepted Answer

Project charter. The project charter is the document that formally authorizes the project, names the project manager, and captures the business case, high-level scope, and budget constraints. It is issued by the sponsor (or PMO) and gives the PM authority to apply organizational resources. This matches the question's description exactly.

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Project scope statement

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Project management plan

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Business case

Question 2

A collection of projects and programs managed together to achieve strategic objectives is known as a:

Accepted Answer

Portfolio. A portfolio is a collection of projects, programs, and operational work managed together to achieve strategic organizational objectives. Portfolios align with strategic goals and prioritize resource allocation across the entire collection. This is the standard PMI definition and the correct answer.

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Operation

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Project

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Program

Question 3

A team uses a tool that clarifies roles by showing who is responsible, accountable, consulted, and informed for each task. Which tool is this?

Accepted Answer

RACI matrix. A RACI matrix is a responsibility assignment matrix that defines roles. Gantt charts show schedule. WBS decomposes work. Network diagrams show dependencies.

Answer

Work breakdown structure

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Network diagram

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Gantt chart

Question 4

A project has a BAC of $200,000. After three months, the earned value (EV) is $80,000 and the actual cost (AC) is $90,000. What is the cost variance (CV) and what does it indicate?

Accepted Answer

CV = -$10,000; the project is over budget. Cost Variance is calculated as CV = EV − AC. Here EV = $80,000 and AC = $90,000, so CV = $80,000 − $90,000 = −$10,000. A negative CV means the project has spent more than the value of work completed, i.e., it is over budget. Option A states both the correct value and the correct interpretation.

Answer

CV = $10,000; the project is ahead of schedule

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CV = $10,000; the project is under budget

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CV = -$10,000; the project is behind schedule

Question 5

Which project management process group involves obtaining formal acceptance of the project deliverables and archiving project documents?

Accepted Answer

Closing. Closing includes formal acceptance, lessons learned, and archiving project documents.

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Executing

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Planning

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Initiating

Question 6

A project manager is reviewing the schedule performance and finds that the earned value (EV) is $50,000 and the planned value (PV) is $60,000. What does this indicate?

Accepted Answer

The project is behind schedule. The Schedule Performance Index (SPI) is calculated as EV / PV. Here, SPI = $50,000 / $60,000 = 0.83. Since SPI < 1, the project has earned less value than planned, indicating it is behind schedule. This is a direct application of earned value management (EVM) principles.

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The project is on schedule

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The project is over budget

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The project is ahead of schedule

Question 7

Match each acronym to its definition in project management.

Accepted Answer

PMP: Project Management Professional. The correct matches are PMP with Project Management Professional, WBS with Work Breakdown Structure, EVM with Earned Value Management, and ROI with Return on Investment. Common confusions include mixing up ROI and PMP definitions, or confusing WBS with EVM.

Answer

PMP: Return on Investment

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WBS: Earned Value Management

Question 8

A project manager is assigned to a program that includes multiple projects aimed at digital transformation. Which TWO statements correctly describe the relationship between projects, programs, and portfolios? (Select TWO).

Accepted Answer

A project is a temporary endeavor with a defined beginning and end. Option A is correct because a project is by definition a temporary endeavor undertaken to create a unique product, service, or result, with a defined beginning and end. Option C is correct because a portfolio is a collection of projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives, aligning them with organizational strategy. Option B is incorrect because a program manager focuses on strategic benefits realization and coordination across projects, not only on project execution. Option D is incorrect because a program consists of related projects managed in a coordinated way to obtain benefits not available from managing them individually. Option E is incorrect because projects within a program are interrelated and typically share resources, dependencies, and governance.

Answer

A program manager focuses only on project execution, not strategic benefits

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A program consists of multiple unrelated projects

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Projects within a program are independent and do not share resources

Question 9

A company is implementing a new backup solution for its mixed environment of legacy and modern servers. The backup server is connected to the same network segment as production traffic. During initial testing, some backups fail intermittently, especially during peak hours. The backup logs show timeouts. The project manager is asked to identify the most likely cause and recommend a solution. Which of the following is the best course of action?

Accepted Answer

Isolate backup traffic on a separate VLAN to reduce network congestion.. The backup server is on the same network segment as production traffic, causing congestion during peak hours. Backup timeouts indicate that the backup traffic is competing with production traffic for bandwidth, leading to packet loss or delays. Isolating backup traffic on a separate VLAN reduces network congestion by logically separating the traffic, ensuring dedicated bandwidth for backups and preventing interference with production operations.

Answer

Upgrade the backup software to the latest version.

Answer

Increase the backup window to allow more time.

Answer

Replace legacy servers with modern hardware.

Question 10

A project has a cost performance index (CPI) of 1.2 and a schedule performance index (SPI) of 0.9. Which of the following statements is TRUE?

Accepted Answer

The project is under budget and behind schedule.. A CPI of 1.2 means the project is earning $1.20 of value for every $1.00 spent, so it is under budget. An SPI of 0.9 means the project is progressing at 90% of the planned rate, so it is behind schedule. Therefore the project is under budget and behind schedule.

Answer

The project is over budget and ahead of schedule.

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The project is over budget and behind schedule.

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The project is under budget and ahead of schedule.

Question 11

Which document contains the subsidiary plans for scope, schedule, cost, quality, resources, communication, risk, and procurement?

Accepted Answer

Project management plan. The project management plan is the comprehensive document that includes all subsidiary management plans.

Answer

Project charter

Answer

WBS

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Risk register

Question 12

A project team is using Jira for an Agile project. Which TWO artefacts are typically managed within Jira for sprint planning and tracking? (Choose two.)

Accepted Answer

Product backlog. The product backlog (A) is correct because Jira manages it as the ordered list of epics, stories, bugs, and tasks from which sprint planning draws items, and it is the primary artifact refined and prioritized before each sprint. The sprint backlog (E) is correct because Jira represents it as the set of issues committed to a specific sprint, visible on the active sprint board and tracked through the sprint's lifecycle. Burndown chart (B) and velocity (D) are not the artifacts being managed here; they are reports/metrics that Jira generates from the underlying backlog and sprint data rather than artifacts planned and maintained in the tool. The stakeholder register (C) is a project management document typically maintained outside Jira (e.g., in a PMIS or spreadsheet) and is not a Jira-managed sprint planning or tracking artifact.

Answer

Burndown chart

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Stakeholder register

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Velocity

Question 13

During project execution, a key stakeholder requests additional features that were not originally approved. The project manager is concerned about scope creep. Which type of project constraint is most directly impacted by scope creep?

Accepted Answer

Scope. Scope creep refers to uncontrolled changes or continuous growth in a project's scope. This directly impacts the scope constraint, and typically affects cost and schedule as well. However, scope is the primary constraint impacted.

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Quality

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Schedule

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Cost

Question 14

A project has a budget at completion (BAC) of $200,000. The earned value (EV) is $100,000 and the actual cost (AC) is $120,000. If the cost performance is expected to continue, what is the estimate at completion (EAC)?

Accepted Answer

$240,000. The estimate at completion (EAC) when cost performance is expected to continue is calculated using the formula EAC = BAC / CPI, where CPI = EV / AC. Here, CPI = $100,000 / $120,000 = 0.8333, so EAC = $200,000 / 0.8333 = $240,000. This formula assumes the same cost efficiency will persist for the remainder of the project.

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$200,000

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$220,000

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$180,000

Question 15

Which TWO of the following are characteristics of the planning phase in the project life cycle? (Choose TWO.)

Accepted Answer

Creating the work breakdown structure (WBS). Option B is correct because creating the work breakdown structure (WBS) is a core planning activity that decomposes the total project scope into manageable, deliverable-oriented work packages used for estimating, scheduling, and control. Option D is correct because risk identification is performed during planning (as part of risk management planning) to enumerate potential threats and opportunities before they affect scope, schedule, or cost. Option A is incorrect because developing the project charter occurs in the initiating phase, before planning begins. Option C is incorrect because delivering project deliverables happens in the executing phase. Option E is incorrect because obtaining final acceptance occurs in the closing phase, after deliverables are verified and handed over.

Answer

Developing the project charter

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Delivering project deliverables

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Obtaining final acceptance