PK0-005 Practice Test 24 — 15 Questions

Question 1

A project manager is calculating the Expected Monetary Value (EMV) for a risk event. The probability of the risk occurring is 20%, and the impact if it occurs is $50,000. What is the EMV?

Accepted Answer

$10,000. EMV is calculated as probability multiplied by impact: 0.20 × $50,000 = $10,000. This quantifies the expected monetary exposure of the risk event and is used in quantitative risk analysis.

Answer

$40,000

Answer

$250,000

Answer

$100,000

Question 2

A project manager is drafting the document that formally outlines how the project team will be structured, how often status reports will be delivered, and which tools will be used for tracking tasks. This document will be reviewed and approved before execution begins. Which document is the project manager creating?

Accepted Answer

Project management plan. The project management plan is the comprehensive, approved document that guides how the project is executed and controlled. It integrates subsidiary plans covering scope, schedule, cost, quality, resources, communications, risk, procurement, and stakeholder engagement. Because the scenario involves defining team structure, reporting cadence, and tracking tools as execution guidance, the project management plan is the artifact being created.

Answer

Statement of work

Answer

Business case

Answer

Project charter

Question 3

A project team is using an Agile approach. During the sprint review, the product owner decides to reprioritize the backlog, moving a high-effort story to the next sprint. What is the primary benefit of this flexibility?

Accepted Answer

It maximizes the value delivered to the customer.. In Agile, the sprint review is an opportunity for the product owner to inspect the product increment and adapt the backlog based on feedback. Reprioritizing a high-effort story to the next sprint allows the team to focus on higher-value work in the current sprint, directly aligning with the Agile principle of maximizing customer value through iterative delivery.

Answer

It reduces the workload for the development team.

Answer

It allows the team to finish the current sprint earlier.

Answer

It ensures the project stays on schedule.

Question 4

A project manager is leading a project with a fixed-price contract and a hard regulatory deadline. The customer has requested a new feature that would require additional testing and a two-week delay. The project manager must decide how to respond. Which action should the project manager take FIRST?

Accepted Answer

Evaluate the request through integrated change control and present the impact to the customer.. The project manager should first assess the change through integrated change control, because any scope change on a fixed-price, deadline-driven project must be evaluated for its impact on cost, schedule, quality, and risk before a decision is made. Presenting that impact to the customer allows an informed approval or rejection and protects the project baseline.

Answer

Reject the request immediately because the contract is fixed-price.

Answer

Ask the team to implement the feature without documentation to save time.

Answer

Accept the request and add the feature, working overtime to avoid the delay.

Question 5

A project team uses planning poker to estimate user stories. The product owner describes a story that involves integrating with a third-party API. The team discusses unknowns and then votes. The estimates are 5, 8, 13, and 20 story points. What should the team do next?

Accepted Answer

Discuss the reasoning behind each estimate and then re-vote.. When estimates vary widely, the team should discuss the outlier reasons, then re-vote. This is standard planning poker practice.

Answer

Use the estimate from the most senior developer.

Answer

Assign the story to the developer who gave the lowest estimate.

Answer

Take the average of the estimates and move on.

Question 6

A project manager is using the Delphi technique for risk identification. Which of the following best describes this technique?

Accepted Answer

Experts provide anonymous input via questionnaires, and a facilitator seeks consensus.. The Delphi technique is a structured communication method used for risk identification and decision-making. It involves a panel of experts who provide anonymous input through questionnaires, and a facilitator collects and summarizes the responses, then shares them back to the experts for further rounds until consensus is reached. This anonymity reduces bias and prevents dominant personalities from influencing others.

Answer

Strengths, weaknesses, opportunities, and threats are analyzed.

Answer

The project team reviews assumptions to identify risks.

Answer

A facilitator leads a group brainstorming session to generate ideas.

Question 7

A project manager has identified a risk that could cause a $50,000 loss with a 20% probability. What is the Expected Monetary Value (EMV) of this risk?

Accepted Answer

$10,000. EMV = Probability × Impact = 20% × $50,000 = $10,000. This is a quantitative risk analysis technique.

Answer

$50,000

Answer

$40,000

Answer

$25,000

Question 8

A project manager has just received formal approval to proceed with a new payroll system project. The sponsor asked for a document that formally names the project manager and gives authority to apply organizational resources to project activities. Which document should the project manager reference?

Accepted Answer

The project charter. The charter is the formal authorization artifact produced during initiation. It links the project to the organization's strategic objectives, identifies the sponsor, names the project manager, and delegates the authority to apply resources. Without it, the project manager has no recognized mandate to commit people, budget, or equipment, which is why the sponsor points to this document.

Answer

The benefits management plan

Answer

The business case

Answer

The project management plan

Question 9

During project execution, a key stakeholder demands a feature that was not included in the original scope. The project manager determines that the feature would require additional resources and extend the timeline. Which of the following is the BEST course of action?

Accepted Answer

Initiate the change control process. Any change that impacts scope, resources, or timeline must go through the formal change control process as defined in the project management plan. This ensures that all changes are evaluated for impact, approved by the change control board (CCB), and properly documented before implementation. Skipping this process introduces uncontrolled scope creep and risks project failure.

Answer

Update the project scope without formal approval

Answer

Implement the feature to satisfy the stakeholder

Answer

Reject the request because it is out of scope

Question 10

A project manager is building the team for a data-migration project. The sponsor wants to know how the PM will acquire personnel, how team members will be trained and managed, how performance will be appraised, and how the team will eventually be released. In which project management plan component should the PM document these items?

Accepted Answer

Resource management plan. Team acquisition, development, performance appraisal, and release criteria are all addressed in the resource management plan, which also covers roles, responsibilities, and reporting relationships. The communications plan governs information distribution, and the procurement plan covers external purchases. Because the sponsor asked specifically about how people will be obtained, developed, evaluated, and transitioned off the project, the resource management plan is the correct component.

Answer

Procurement management plan

Answer

Communications management plan

Answer

Staffing management plan

Question 11

A project manager learns that a key supplier will be three weeks late delivering a hardware component, which threatens the critical path. The PM has already asked the supplier to expedite at additional cost and has examined whether the component can be substituted. Which process is the project manager performing?

Accepted Answer

Implement risk responses. The PM is carrying out actions to reduce a threat to the critical path, which is the essence of implementing risk responses. Expediting delivery and evaluating substitution are response strategies, not baseline changes or risk-tracking activities. Only after the chosen response alters the schedule or cost baseline would the work move into integrated change control, so that process does not describe the current activity.

Answer

Monitor risks

Answer

Control schedule

Answer

Perform integrated change control

Question 12

A project manager has been assigned to lead a project that will deploy a new enterprise resource planning system across five regional offices. Executive leadership has emphasized that the go-live date cannot move because of a regulatory deadline, and the budget has been capped. During planning, the project manager realizes the team cannot deliver the full original feature set within the fixed time and budget. Which TWO actions should the project manager take to address this situation? (Choose two.)

Accepted Answer

Negotiate with the sponsor and key stakeholders to reduce or defer some scope items to meet the fixed date and budget. When time and cost are fixed, scope must be adjusted through negotiation with the sponsor and stakeholders, and any resulting change must be formally documented and approved through change control. Together these actions align the project with the regulatory deadline while maintaining governance and stakeholder agreement. Attempting to force delivery through overtime or added staff ignores the constraints and the change control process.

Answer

Instruct the team to work overtime indefinitely until all original features are delivered by the go-live date

Answer

Ignore the scope gap and proceed with the original plan, assuming the team will find a way to deliver everything

Answer

Add additional team members to the project to increase delivery capacity without changing scope

Question 13

A project manager is closing out a data migration project. The sponsor wants assurance that all contractual requirements have been met before final payment is released to the vendor. Which activity should the project manager perform to support this assurance?

Accepted Answer

Obtain formal acceptance of the deliverables and finalize the procurement closure documentation.. Assurance that contractual requirements are met comes from formally accepting the deliverables and completing procurement closure. This includes verifying deliverables against the agreement, documenting acceptance, settling open claims, and confirming that both parties have fulfilled their obligations. That documented acceptance is what authorizes final payment and releases the vendor from further responsibility.

Answer

Update the issue log to show that all reported defects have been resolved.

Answer

Complete the lessons learned register and archive the project documents.

Answer

Perform a variance analysis comparing planned and actual migration costs.

Question 14

You are the project manager for a large infrastructure project that involves upgrading the network switches across five regional offices. The project has a budget of $500,000 and a deadline of six months. During the third month, you receive a report that the vendor has encountered a manufacturing defect in the switches, causing a two-month delay. Additionally, the cost to replace the defective switches will be $100,000 over budget. The project sponsor is concerned about the impact on the business and wants to know the best way to move forward. There is a possibility that the vendor can expedite shipping for an additional $50,000, but it will only save one month. Alternatively, you can switch to a different vendor, but that would require renegotiating contracts and retesting, adding three months to the schedule. Another option is to descope one of the regional offices to reduce costs and time. However, that office is critical for an upcoming product launch. What is the BEST course of action for the project manager?

Accepted Answer

Perform a trade-off analysis and present options to the project sponsor for a decision.. The project manager should perform a trade-off analysis and present options to the sponsor because no single option clearly meets all constraints (budget, schedule, quality, and business criticality) without further evaluation. A trade-off analysis quantifies the impact of each alternative on scope, cost, time, and risk, enabling an informed decision aligned with organizational priorities. This aligns with the PMBOK process of performing integrated change control and ensures the sponsor understands the implications before committing resources.

Answer

Switch to a different vendor to ensure quality and avoid further defects.

Answer

Descope the critical regional office to meet the original budget and schedule.

Answer

Accept the vendor's expedited shipping option and use contingency reserves to cover the additional cost.

Question 15

A project manager is preparing the stakeholder engagement approach for a hospital construction project. The regulatory authority has high interest and high influence, and can halt the project if permits are delayed. The project manager needs to keep this stakeholder satisfied. Which classification and engagement level is MOST appropriate?

Accepted Answer

High interest and high influence, so manage closely through active collaboration.. The power and interest grid places stakeholders into quadrants that drive engagement strategy. When both power and interest are high, the stakeholder must be managed closely with active collaboration. A regulatory authority that can halt construction clearly holds high power and, given its active oversight role, high interest, so close management with proactive communication is the appropriate approach.

Answer

High interest and low influence, so keep informed through regular updates.

Answer

High influence and low interest, so keep satisfied by addressing their concerns.

Answer

Low interest and low influence, so monitor with minimal effort.