PK0-005 Practice Test 44 — 15 Questions

Question 1

A project manager is creating documents for procurement. Which TWO documents are typically used in procurement processes? (Select two.)

Accepted Answer

Request for proposal (RFP). RFP (Request for Proposal) and SOW (Statement of Work) are common procurement documents.

Answer

Risk register

Answer

Communication plan

Answer

Issue log

Question 2

During project execution, the project manager notices that actual costs are consistently higher than planned. Which process should the project manager use to analyze this variance?

Accepted Answer

Control Costs. The Control Costs process is responsible for monitoring cost performance, analyzing variances from the cost baseline, and implementing corrective actions. Since the project manager observes actual costs exceeding planned costs, they must use Control Costs to perform earned value management (EVM) calculations such as cost variance (CV) and cost performance index (CPI) to quantify and analyze the deviation.

Answer

Plan Cost Management

Answer

Estimate Costs

Answer

Determine Budget

Question 3

A project team is transitioning from a traditional to an agile approach. The project manager wants to adopt agile artifacts. Which THREE artifacts are commonly used in agile projects to track progress and manage work?

Accepted Answer

Sprint backlog. Agile artifacts include product backlog, sprint backlog, and burndown charts. These are key to transparency and inspection.

Answer

Work breakdown structure

Answer

RACI matrix

Question 4

A project manager is leading a project to upgrade the storage area network (SAN) for a hospital's electronic health records (EHR) system. The current SAN is reaching capacity and has performance issues during peak hours. The new SAN must support high availability with synchronous replication between two data centers located 10 km apart. The project budget is tight, and the timeline is aggressive. During a risk assessment, the project manager identifies that the fiber optic cable between the data centers is owned by a third-party provider and has a history of outages. The project sponsor is concerned about meeting the go-live date and asks the project manager to recommend a course of action to mitigate the risk of cable outages affecting the SAN replication. Which of the following is the BEST course of action?

Accepted Answer

Work with the fiber provider to install a second, diverse fiber path between the data centers. The risk is specifically a single point of failure in the fiber path between data centers. Installing a second, diverse fiber path eliminates this single point of failure, ensuring synchronous replication can continue even if one cable is cut. This directly addresses the sponsor's concern about go-live delays due to cable outages, without changing the replication mode or adding unnecessary hardware.

Answer

Purchase redundant SAN controllers to provide failover in case of a controller failure

Answer

Increase the synchronous replication interval to reduce the impact of potential outages

Answer

Replace synchronous replication with asynchronous replication over the existing WAN connection

Question 5

Which project document formally authorizes the project and identifies the project manager?

Accepted Answer

Project charter. The project charter is the document that formally authorizes the project and gives the project manager authority.

Answer

Business case

Answer

Project management plan

Answer

Scope statement

Question 6

Refer to the exhibit. Based on the risk register, which risk should the project manager prioritize for immediate response?

Accepted Answer

Risk R4. Risk R4 has the highest risk score (Probability 0.8 × Impact 5 = 4.0), making it the most critical risk in the register. The project manager should prioritize risks with the highest product of probability and impact for immediate response, as this represents the greatest potential threat to project objectives.

Answer

Risk R2

Answer

Risk R1

Answer

Risk R3

Question 7

A project manager is closing a project and needs to ensure all project objectives have been met. Which document should be used to verify completion of deliverables?

Accepted Answer

Project scope statement. The project scope statement defines the project's deliverables and the work required to create them, serving as the baseline for verifying that all objectives have been met during project closure. It includes acceptance criteria for each deliverable, which the project manager uses to confirm completion against the agreed-upon scope. This document is the authoritative reference for scope verification, ensuring no scope creep has occurred and all deliverables satisfy stakeholder requirements.

Answer

Work breakdown structure

Answer

Requirements traceability matrix

Answer

Project management plan

Question 8

A project manager is estimating costs for a new software development project. The company has completed three similar projects in the past. Which cost estimation technique is most appropriate in this scenario?

Accepted Answer

Analogous estimation. Analogous estimation uses historical data from similar projects to estimate costs. It is quick and reliable when past projects are similar. Parametric uses statistical relationships, and bottom-up is detailed and time-consuming.

Answer

Bottom-up estimation

Answer

Parametric estimation

Answer

Three-point estimation

Question 9

A project manager is selecting a project from several proposals. The project with the highest Net Present Value (NPV) also has the longest payback period. Which TWO factors should the project manager consider when recommending this project? (Select TWO).

Accepted Answer

The high NPV indicates strong long-term profitability. NPV indicates long-term profitability; a high NPV is favorable. However, a long payback period increases risk of uncertainty. Both factors should be balanced.

Answer

The project has the shortest payback period

Answer

The project has the lowest initial cost

Answer

The project requires minimal resources

Question 10

A project manager is using a quantitative analysis technique that runs thousands of iterations of the project schedule to determine the probability of completing the project by a certain date. This technique uses probability distributions for activity durations. Which technique is being described?

Accepted Answer

Monte Carlo simulation. Monte Carlo simulation is a quantitative risk analysis technique that models the probability of different outcomes by running multiple simulations. It is used for schedule and cost risk analysis. SWOT analysis is qualitative. Sensitivity analysis determines which risks have the most impact. Decision tree analysis evaluates decisions under uncertainty.

Answer

SWOT analysis

Answer

Decision tree analysis

Answer

Sensitivity analysis

Question 11

Which document formally defines the deliverables, acceptance criteria, exclusions, assumptions, and constraints of a project?

Accepted Answer

Scope statement. The scope statement documents the project's scope including deliverables, acceptance criteria, exclusions, assumptions, and constraints.

Answer

Work Breakdown Structure

Answer

Project charter

Answer

Change log

Question 12

A project manager uses Monte Carlo simulation to analyze schedule risks. This technique is used to:

Accepted Answer

Determine the probability of completing the project by a certain date. Monte Carlo simulation models the probability of different outcomes, such as completing on schedule or within budget, by running many simulations.

Answer

Create a risk breakdown structure

Answer

Assign risk owners

Answer

Identify individual risk events

Question 13

During a project, a stakeholder requests additional features that were not in the original scope. The project manager adds these features without formal change control. This is an example of:

Accepted Answer

Scope creep. Scope creep refers to uncontrolled changes or continuous growth in a project's scope, often without proper authorization.

Answer

Value engineering

Answer

Quality assurance

Answer

Gold plating

Question 14

Who is typically responsible for providing the project budget and resources, and for resolving issues that are beyond the project manager's authority?

Accepted Answer

Project sponsor. The project sponsor is the executive champion who provides resources and resolves escalations.

Answer

Project manager

Answer

Steering committee

Answer

Functional manager

Question 15

Which TWO of the following are key characteristics of a project? (Select TWO).

Accepted Answer

Produces a unique product, service, or result. A project is temporary and creates a unique product, service, or result. Ongoing operations and repetitive tasks are not project characteristics.

Answer

Ongoing and repetitive

Answer

Has a permanent team

Answer

Involves routine tasks