PK0-005 Practice Test 5 — 25 Questions

Question 1

A project manager is reviewing project selection methods. Which method calculates the present value of future cash flows minus the initial investment?

Accepted Answer

Net Present Value (NPV). Net Present Value (NPV) calculates the present value of all future cash flows (discounted at a required rate of return) minus the initial investment. A positive NPV indicates the project adds value; a negative NPV means it destroys value. This matches the question's definition exactly.

Answer

Internal Rate of Return (IRR)

Answer

Payback period

Answer

Return on Investment (ROI)

Question 2

A project has a CPI of 0.9 and an SPI of 1.1. Which two statements are true? (Select TWO.)

Accepted Answer

The project is ahead of schedule.. CPI < 1 means over budget; SPI > 1 means ahead of schedule.

Answer

The project is on schedule.

Answer

The project is under budget.

Answer

The project is behind schedule.

Question 3

A project manager is reviewing the project selection methods for a new initiative. Which TWO of the following are financial project selection methods? (Choose two.)

Accepted Answer

Net Present Value (NPV). Net Present Value (NPV) is a financial project selection method because it discounts all future cash inflows and outflows to present value using the organization's cost of capital, and a project with a positive NPV adds value and is generally selected. Internal Rate of Return (IRR) is also a financial selection method because it calculates the discount rate at which a project's NPV equals zero, and projects whose IRR exceeds the required rate of return (hurdle rate) are acceptable. These two are quantitative, cash-flow-based capital budgeting techniques, unlike the remaining options. SWOT analysis is a strategic planning tool for assessing strengths, weaknesses, opportunities, and threats, not a financial metric. Expert judgment is a qualitative decision-making input drawn from experienced stakeholders, and requirements gathering is a scope/elicitation activity, so neither is a financial selection method.

Answer

SWOT analysis

Answer

Expert judgment

Answer

Requirements gathering

Question 4

A project manager is reviewing the risk register and sees that a high-impact risk has a probability of 0.3 and an impact of $50,000. The team implements a response that reduces the probability to 0.1 and the impact remains $50,000. The response cost is $5,000. What is the net expected monetary value (EMV) of implementing the response?

Accepted Answer

$5,000. The original EMV is 0.3 × $50,000 = $15,000. After the response, the EMV is 0.1 × $50,000 = $5,000, so the risk reduction saves $15,000 − $5,000 = $10,000. Subtracting the $5,000 response cost gives a net EMV benefit of $5,000, which is the correct answer.

Answer

-$5,000

Answer

$15,000

Answer

$10,000

Question 5

During a risk assessment, a project manager calculates a risk score by multiplying the probability of occurrence (0.6) by the potential impact ($50,000). The risk score is 30,000. The project manager then identifies a response strategy that reduces the probability to 0.2. After the response, the remaining risk is calculated. What is the residual risk score?

Accepted Answer

$10,000. Residual risk is the remaining risk exposure after a response strategy has been applied. The original risk score was 0.6 × $50,000 = $30,000. After the response reduces probability to 0.2, the residual risk score is 0.2 × $50,000 = $10,000. The impact value stays the same because the response only changed the probability of occurrence.

Answer

$40,000

Answer

$20,000

Answer

$30,000

Question 6

A company is deploying a new VoIP system. Which network infrastructure component is most critical for ensuring voice quality?

Accepted Answer

Switch QoS settings. Voice quality over VoIP is highly sensitive to latency, jitter, and packet loss. Switch QoS settings (e.g., 802.1p/DSCP marking, strict priority queuing) ensure that voice traffic is prioritized over data traffic, preventing delays and dropped packets that degrade call quality. Without proper QoS, even high-bandwidth links will suffer from poor Mean Opinion Scores (MOS).

Answer

Cable category

Answer

Switch port density

Answer

Firewall throughput

Question 7

Which document is used to track and manage changes to the project baseline?

Accepted Answer

Change log. The change log is the document used to track and manage changes to the project baseline, recording each change request, its status, approval, and impact on scope, schedule, or cost. It provides an audit trail of all approved and rejected changes, ensuring the baseline remains controlled. This aligns with the Perform Integrated Change Control process in PMBOK.

Answer

Risk register

Answer

Issue log

Answer

Communication plan

Question 8

During the initiating phase of a project, a project charter is created. Which of the following is typically included in a project charter?

Accepted Answer

Project purpose and high-level scope. The project charter is a high-level document that formally authorizes the project and gives the project manager authority to proceed. It typically includes the project purpose, measurable objectives, high-level scope, key stakeholders, and success criteria. It is created during the initiating phase before detailed planning occurs.

Answer

Detailed work breakdown structure

Answer

Risk register with identified risks

Answer

Earned value metrics

Question 9

A project manager is leading a data center migration project for a financial services company. The project involves moving 50 servers from an on-premises facility to a co-location data center. The project has a strict deadline of December 31 due to lease expiration. The team has completed 60% of the work with 70% of the budget spent. The project manager notices that the co-location provider has been consistently late in provisioning network circuits, causing delays. Additionally, the team discovered that two servers have incompatible hardware with the new environment, requiring reconfiguration. The project sponsor is pressuring the team to finish on time. What should the project manager do FIRST?

Accepted Answer

Conduct a risk assessment to evaluate the impact of the delays and reconfiguration.. The project manager must first assess the impact of the co-location provider's consistent delays and the two servers' hardware incompatibility before deciding on corrective actions. A risk assessment evaluates the probability and impact of these issues on the critical path to the December 31 deadline, enabling data-driven decisions rather than reactive measures. This aligns with the PMBOK risk management process, where identifying and analyzing risks precedes response planning.

Answer

Escalate the provider's performance to senior management.

Answer

Crash the schedule by adding weekend shifts.

Answer

Request a schedule extension from the sponsor.

Question 10

A project manager is using a quality tool that displays data points over time with upper and lower control limits. The tool helps distinguish between common cause and special cause variation. Which tool is this?

Accepted Answer

Control chart. A control chart is the quality tool that plots data points over time with upper and lower control limits (UCL and LCL), helping distinguish between common cause variation (inherent to the process) and special cause variation (due to assignable causes). It is a key tool in statistical process control (SPC) and is used in the Control Quality process.

Answer

Scatter diagram

Answer

Pareto chart

Answer

Fishbone diagram

Question 11

An IT project manager is tasked with deploying a new inventory management system. The project requires installing software on 100 workstations and training users. Which factor is most critical to include in the project schedule?

Accepted Answer

Dependency on hardware compatibility testing. Hardware compatibility testing is the most critical factor because the inventory management system may require specific hardware configurations (e.g., CPU architecture, RAM, storage, or network interface drivers) to function correctly. If workstations are incompatible, the entire deployment could fail, making this dependency a prerequisite that must be scheduled before or in parallel with software installation. Without verifying compatibility, the project risks costly rework or delays.

Answer

Time to create user manuals

Answer

Duration of user training sessions

Answer

Procurement lead time for network cables

Question 12

Which document defines the roles and responsibilities of stakeholders in a project and is often presented as a matrix?

Accepted Answer

RACI matrix. The RACI matrix (Responsible, Accountable, Consulted, Informed) is the correct document because it explicitly defines stakeholder roles and responsibilities in a project and is presented as a matrix format. This aligns with the PMBOK Guide and the PK0-005 exam objectives for Tools and Documentation, where the RACI matrix is the standard tool for clarifying participation levels across project tasks.

Answer

Communication plan

Answer

Stakeholder register

Answer

Project charter

Question 13

A project manager is calculating the critical path. The network diagram shows two paths: Path A: A(3 days) → B(4 days) → C(2 days) = 9 days; Path B: D(5 days) → E(1 day) → F(3 days) = 9 days. Both have total float of zero. What is the total float for an activity on Path A?

Accepted Answer

0 days. Total float is the amount of time an activity can be delayed without delaying the project finish date. Activities on the critical path have zero total float by definition. Since both Path A and Path B are 9 days and both have zero float, every activity on Path A — including the one in question — has a total float of 0 days.

Answer

1 day

Answer

3 days

Answer

2 days

Question 14

In a risk register, which field describes the event that signals a risk is about to occur?

Accepted Answer

Trigger. A trigger is the predefined indicator or event that signals a risk is imminent or has occurred, prompting the risk response plan to be activated. In a risk register, triggers are documented alongside the risk description, probability, impact, and response strategy so the project team knows exactly what to watch for. This allows proactive rather than reactive risk management.

Answer

Residual risk

Answer

Risk score

Answer

Risk owner

Question 15

You are a project manager for a software development project. The team uses a cloud-based project management tool that includes features like task assignment, Gantt charts, and document storage. During a status meeting, a team member reports that they cannot find the latest version of the project schedule. Several team members have been updating the schedule file directly on the shared drive without version control. As a result, the file has multiple conflicting copies. You need to resolve this issue and prevent it from recurring. Which course of action should you take?

Accepted Answer

Implement a version control system with check-in/check-out functionality. Implementing a version control system with check-in/check-out functionality directly addresses the root cause: multiple users editing the same file without coordination. This approach enforces exclusive locking or merge tracking, ensuring that only one person can modify the schedule at a time while preserving a complete history of changes. It aligns with the PMBOK's recommendation for configuration management and is a standard practice in cloud-based project management tools like Jira or Microsoft Project Online.

Answer

Assign one person to be the sole updater of the schedule

Answer

Create a baseline of the schedule and only update it at milestones

Answer

Have the team manually merge the conflicting copies into a single file

Question 16

In a project, the critical path has a duration of 100 days. Activity X on the critical path has a duration of 10 days and can be crashed to 7 days at an additional cost of $3,000. What is the crash cost per day for Activity X?

Accepted Answer

$1,000 per day. The crash cost per day is calculated by dividing the additional cost by the number of days saved. Activity X can be crashed from 10 days to 7 days, saving 3 days, at an additional cost of $3,000. Therefore, $3,000 / 3 days = $1,000 per day.

Answer

$500 per day

Answer

$3,000 per day

Answer

$300 per day

Question 17

A project team is working on a software development project. The project manager needs to track which team members are assigned to each task. Which document provides this information?

Accepted Answer

Responsibility assignment matrix. The responsibility assignment matrix (RAM), often in the form of a RACI chart, explicitly maps each work package or task to the specific team members who are responsible, accountable, consulted, or informed. This directly answers the project manager's need to track which team members are assigned to each task in the software development project.

Answer

Project charter

Answer

Communication plan

Answer

Resource calendar

Question 18

A project manager is performing schedule compression because the project is behind schedule. The team decides to start a follow-on activity before its predecessor is fully completed. This approach increases the risk of rework. Which schedule compression technique is being used?

Accepted Answer

Fast-tracking. Fast-tracking is a schedule compression technique where activities that would normally be performed sequentially are performed in parallel. Starting a follow-on activity before its predecessor is fully completed is the definition of fast-tracking, and it typically increases risk and may require rework. Crashing adds resources to shorten duration, not parallelize tasks.

Answer

Crashing

Answer

Critical chain method

Answer

Resource leveling

Question 19

A project team is estimating costs for a new software development project. They use data from a similar previous project and adjust for size differences. Which estimating technique is being used?

Accepted Answer

Analogous estimating. Analogous estimating is used when a project team uses data from a similar previous project and adjusts for size differences. This technique relies on historical data and expert judgment to estimate costs or durations. It is less accurate than other methods but useful when detailed information is lacking. The key characteristic is the use of analogy with a similar project.

Answer

Parametric estimating

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Bottom-up estimating

Answer

Three-point estimating

Question 20

During a phase gate review, the review board determines that the project does not yet meet the exit criteria for the current phase. What is the most likely outcome?

Accepted Answer

The project is required to complete the remaining work and undergo another review.. A phase gate (or stage gate) review is a governance checkpoint where the review board evaluates whether the project has met the defined exit criteria before authorizing the next phase. If the criteria are not met, the standard outcome is to keep the project in the current phase, complete the outstanding work, and return for another gate review. This preserves the project's investment while enforcing quality and readiness standards.

Answer

The project is immediately closed.

Answer

The project manager is replaced.

Answer

The project is allowed to proceed with a risk mitigation plan.