PK0-005 Practice Test 50 — 15 Questions

Question 1

A project sponsor is responsible for providing resources and championing the project. Which of the following is also a primary responsibility of the project sponsor?

Accepted Answer

Resolving conflicts that are escalated beyond the project manager's authority. The project sponsor provides executive support, secures funding, removes obstacles, and is ultimately accountable for project success. They often help resolve issues escalated by the project manager.

Answer

Performing quality control inspections

Answer

Attending daily stand-up meetings

Answer

Creating the project schedule

Question 2

A project is experiencing scope creep. Which TWO of the following are effective ways to manage scope creep? (Choose two.)

Accepted Answer

Maintain clear requirements documentation. Using a change control process ensures changes are evaluated, and maintaining clear requirements documentation helps prevent unauthorized changes. Gold plating is a cause of scope creep, not a solution. Fast tracking is a schedule compression technique, not scope management.

Answer

Encourage gold plating

Answer

Remove the project sponsor

Answer

Fast track project activities

Question 3

Which project life cycle phase involves obtaining formal acceptance of the project deliverables?

Accepted Answer

Closing. The closing phase includes finalizing all activities, obtaining stakeholder acceptance, and closing the project.

Answer

Planning

Answer

Executing

Answer

Initiating

Question 4

A project manager is selecting a methodology for a project with well-understood requirements and low expected change. Which methodology is MOST appropriate?

Accepted Answer

Predictive (Waterfall). Predictive/waterfall is suitable for stable requirements and low change, as it follows a sequential plan-driven approach.

Answer

Agile

Answer

Scrum

Answer

Hybrid

Question 5

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). The planning phase involves creating detailed plans and defining scope, schedule, cost baselines.

Answer

Developing the project charter

Answer

Delivering project deliverables

Answer

Obtaining final acceptance

Question 6

A project manager is assigned to a new software development project. The requirements are well understood and unlikely to change. The project team is collocated and has experience with similar projects. Which life cycle approach is MOST appropriate for this project?

Accepted Answer

Predictive (waterfall). Predictive (waterfall) is best when requirements are stable, the team is experienced, and the work is well understood. Agile is for evolving requirements; hybrid would be overkill; iterative is not as structured as predictive for stable requirements.

Answer

Agile

Answer

Hybrid

Answer

Iterative

Question 7

A project has a Net Present Value (NPV) of -$5,000. What does this indicate?

Accepted Answer

The project is not financially viable. A negative NPV means the project's costs exceed its benefits, indicating it is not financially viable.

Answer

The project will generate a profit of $5,000

Answer

The project should be accepted because NPV is positive

Answer

The payback period is less than 5 years

Question 8

In a matrix organization, a project manager is struggling to get resources assigned to project tasks because the functional managers prioritize operational work. Which type of matrix organization is MOST likely in place?

Accepted Answer

Weak matrix. In a weak matrix, the project manager has limited authority and resources are controlled by functional managers. Strong matrix gives PM more authority; balanced is in between; functional is not a matrix.

Answer

Strong matrix

Answer

Balanced matrix

Answer

Functional

Question 9

A project sponsor is reviewing a proposal for a new project. The expected cash flows are: Year 0: -$100,000; Year 1: $30,000; Year 2: $40,000; Year 3: $50,000. The discount rate is 10%. Which of the following is the Net Present Value (NPV) of the project?

Accepted Answer

-$2,103. NPV = -100,000 + 30,000/(1.10)^1 + 40,000/(1.10)^2 + 50,000/(1.10)^3 = -100,000 + 27,273 + 33,058 + 37,566 = -2,103. Negative NPV means the project is not profitable at 10% discount rate.

Answer

-$20,000

Answer

$20,000

Answer

$2,103

Question 10

In which organizational structure does the project manager have the least authority?

Accepted Answer

Functional. In a functional organization, resources report to functional managers, and the project manager has limited authority.

Answer

Balanced matrix

Answer

Projectized

Answer

Strong matrix

Question 11

A project is being planned in a matrix organization. The project manager needs to identify key roles and their responsibilities. Which THREE of the following are typical project roles? (Choose three.)

Accepted Answer

Project sponsor. The project sponsor, project manager, and project team are key roles. Functional manager is a role in matrix organizations but not a project role per se; it's an organizational role. Stakeholder is anyone with interest, but not a specific role on the project team.

Answer

Functional manager

Answer

Stakeholder

Question 12

A project is falling behind schedule. The project manager considers crashing or fast-tracking. Which THREE statements about these techniques are correct? (Select three.)

Accepted Answer

Both techniques are used to compress the schedule.. Crashing adds resources to critical path activities, which increases cost. Fast-tracking performs activities in parallel, which increases risk. Both are schedule compression techniques.

Answer

Crashing focuses on non-critical path activities.

Answer

Fast-tracking reduces risk.

Question 13

Which TWO of the following are examples of project constraints? (Select TWO).

Accepted Answer

Schedule. Scope, cost, and schedule are classic triple constraints. Quality is often added. Risk is not a constraint but an uncertainty.

Answer

Stakeholder satisfaction

Answer

Team morale

Answer

Risk

Question 14

A project manager is evaluating two potential projects. Project A has an NPV of $50,000, while Project B has an NPV of -$10,000. Which project should the organization select based solely on NPV?

Accepted Answer

Project A. A positive NPV indicates the project is expected to generate profit, while a negative NPV suggests a loss. Therefore, Project A should be selected.

Answer

Both projects

Answer

Project B

Answer

Neither project

Question 15

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.. CPI > 1 means under budget; SPI < 1 means behind schedule. Over budget would be CPI < 1; ahead of schedule would be SPI > 1.

Answer

The project is over budget and ahead of schedule.

Answer

The project is over budget and behind schedule.

Answer

The project is under budget and ahead of schedule.