PK0-005 Practice Exam 57 — 20 Questions

Question 1

Match each document type to its description in project management.

Accepted Answer

Project Charter: A document that formally authorizes the project and gives the project manager authority.. The correct matches are: Project Charter (authorization), Stakeholder Register (stakeholders), and Lessons Learned (knowledge). Common confusions involve swapping definitions of Project Management Plan and Risk Register.

Answer

Project Management Plan: A document that identifies risks and their response plans.

Answer

Risk Register: A document that defines how the project is executed, monitored, and controlled.

Question 2

Match each procurement document to its purpose.

Accepted Answer

RFP: Requests proposals for complex requirements where price is not the only factor. These procurement documents are commonly used in project procurement management.

Answer

RFP: Requests price quotations for standard items

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RFI: Invites bids for well-defined products

Question 3

A project is in the execution phase, developing a mobile payment application. The project manager receives a report that a critical security vulnerability was discovered in the third-party authentication library used by the application. The library is widely used and has an available patch that requires upgrading to a newer version. However, upgrading the library will break compatibility with the existing user authentication database schema, requiring a database migration that was not planned. The project has a fixed budget and a tight deadline. The change control board (CCB) meets weekly, and the next meeting is in three days. The lead developer recommends applying the patch immediately without waiting for CCB approval, arguing that the security risk is high and the patch is straightforward. What is the BEST course of action for the project manager?

Accepted Answer

Wait for the next CCB meeting to present the issue and get approval for the upgrade and database migration. The project manager must follow the established change control process, even for urgent security patches, when the change introduces an unplanned database migration that impacts scope, budget, and schedule. Waiting for the next CCB meeting (in three days) allows proper assessment of the upgrade's impact on the authentication database schema and ensures all stakeholders approve the change. Applying the patch without approval violates the change management plan and could lead to uncontrolled scope creep and budget overruns.

Answer

Escalate the issue to the project sponsor to decide on an exception to the change control process

Answer

Apply the patch immediately and inform the CCB after the fact, as security vulnerabilities require urgent action

Answer

Do not implement the patch because the project is on a tight schedule and the risk is acceptable

Question 4

A project is experiencing cost overruns. The project manager wants to calculate key earned value metrics. Which THREE metrics are needed to compute the cost performance index (CPI) and schedule performance index (SPI)? (Select three.)

Accepted Answer

Actual cost (AC). CPI = EV/AC, SPI = EV/PV. So EV, AC, and PV are required.

Answer

Budget at completion (BAC)

Answer

Estimate at completion (EAC)

Question 5

A project manager is selecting tools for an Agile project. Which TWO tools are commonly used for Agile project management? (Select two.)

Accepted Answer

Trello. Jira and Trello are both popular Agile project management tools that support Scrum and Kanban methodologies.

Answer

Microsoft Project

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Smartsheet

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PERT chart

Question 6

A project team is creating a WBS. They ensure that every deliverable and work package is included and that the sum of the work at the lower levels equals the total work at the higher levels. Which principle are they applying?

Accepted Answer

100% rule. The 100% rule states that the WBS includes all work defined by the scope and that the sum of lower-level work equals the total work at higher levels.

Answer

Rolling wave planning

Answer

Decomposition

Answer

Scope verification

Question 7

A project manager is reviewing a change request to add a new feature to a software product. The change will increase the project timeline by two weeks and require additional budget. Which of the following should the project manager do first?

Accepted Answer

Evaluate the impact on the triple constraint.. According to the integrated change control process, the first step is to evaluate the impact of the change on the triple constraint (scope, schedule, cost) before presenting it to the change control board.

Answer

Submit the change to the change control board for approval.

Answer

Update the project management plan.

Answer

Reject the change because it will increase time and cost.

Question 8

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 uses a panel of experts who anonymously provide their opinions through a facilitator. The facilitator consolidates the responses and shares them with the panel until consensus is reached. This helps avoid bias from dominant personalities.

Answer

Strengths, weaknesses, opportunities, and threats are analyzed.

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The project team reviews assumptions to identify risks.

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A facilitator leads a group brainstorming session to generate ideas.

Question 9

A project manager is creating a document that lists the project deliverables, acceptance criteria, exclusions, assumptions, and constraints. Which document is being created?

Accepted Answer

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

Answer

Risk register

Answer

Project charter

Answer

Work breakdown structure

Question 10

A project manager is evaluating a change request that would increase the project cost by 10% but reduce schedule by 15%. The change control board approves the change. What should the project manager update?

Accepted Answer

Project plan and baselines. Approved changes require updating the project management plan and baselines (cost, schedule).

Answer

Risk register

Answer

WBS

Answer

Issue log

Question 11

During project execution, a team member identifies a problem that has already occurred and is affecting the project schedule. The project manager should document this in which of the following?

Accepted Answer

Issue log. An issue is a current problem that has occurred, as opposed to a risk which is a future uncertain event. Issues are documented in the issue log.

Answer

Lessons learned register

Answer

Change log

Answer

Risk register

Question 12

A project team is identifying risks. They gather subject matter experts anonymously and use a facilitator to collect their responses iteratively until consensus is reached. Which risk identification technique is being used?

Accepted Answer

Delphi technique. The Delphi technique uses anonymous rounds of questionnaires with a facilitator to achieve consensus among experts. It avoids group bias.

Answer

Assumptions analysis

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SWOT analysis

Answer

Brainstorming

Question 13

During project execution, a stakeholder requests a new feature that was not included in the original scope. The project manager initiates a change request. What is the next step in the integrated change control process?

Accepted Answer

Evaluate the impact on the triple constraint. After a change request is submitted, the next step is to evaluate its impact on the triple constraint (time, cost, scope) before sending it to the Change Control Board.

Answer

Update the project plan immediately

Answer

Reject the request to prevent scope creep

Answer

Send the request directly to the Change Control Board

Question 14

Match each quality management concept to its definition.

Accepted Answer

Quality Assurance: The process of auditing the quality requirements and the results from quality control measurements to ensure appropriate quality standards are used.. In project quality management, Quality Assurance focuses on process adherence, Quality Control on product verification, and Continuous Improvement on iterative enhancements. Common confusions include swapping QA/QC definitions or misattributing Cost of Quality to Continuous Improvement.

Answer

Quality Assurance: The process of monitoring specific project results to determine if they comply with relevant quality standards.

Answer

Quality Control: The ongoing effort to improve products, services, or processes over time.

Answer

Continuous Improvement: The total cost of all efforts related to quality.

Question 15

A project manager has identified a risk with a probability of 0.4 and an impact of $50,000. What is the risk score?

Accepted Answer

$20,000. Risk score = probability × impact = 0.4 × 50,000 = $20,000.

Answer

$70,000

Answer

$50,000

Answer

$12,500

Question 16

During the execution phase of a software development project, the team discovers that the database schema needs to be altered to accommodate a new regulatory requirement. The project manager is reviewing the change request. What is the MOST important factor to consider before approving the change?

Accepted Answer

The change's impact on the project's schedule, cost, and scope must be analyzed.. Any change to a database schema during the execution phase of a software development project carries significant risk to schedule, cost, and scope. The project manager must perform a formal impact analysis to understand how the schema alteration affects existing data integrity, application code dependencies, testing cycles, and deployment timelines before approving the change. This aligns with the integrated change control process defined in the PMBOK Guide and is critical for maintaining project baselines.

Answer

The project manager must approve the change to avoid delaying the project.

Answer

The team should implement the change immediately to meet the regulatory deadline.

Answer

The change should be approved if it is within the current phase's budget.

Question 17

Which TWO tools are used for quality management in a project?

Accepted Answer

Cause-and-effect diagram. The cause-and-effect diagram (also known as a fishbone or Ishikawa diagram) is a quality management tool used to identify, explore, and graphically display the potential root causes of a problem or quality defect. It helps project teams systematically analyze the relationship between an effect (the problem) and its possible causes, making it a core tool in quality planning and quality assurance.

Answer

RACI matrix

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Network diagram

Answer

Gantt chart

Question 18

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.

Answer

$200,000

Answer

$220,000

Answer

$180,000

Question 19

A company is considering a project with an initial investment of $100,000 and expected annual cash inflows of $30,000 for 5 years. The discount rate is 10%. What is the approximate Net Present Value (NPV)? (Present value of annuity factor for 5 years at 10% is 3.791)

Accepted Answer

$13,730. NPV = Present value of inflows - Initial investment. PV of inflows = $30,000 * 3.791 = $113,730. NPV = $113,730 - $100,000 = $13,730.

Answer

$50,000

Answer

-$13,730

Answer

$150,000

Question 20

You are managing a marketing campaign project. The team uses a project management software that includes a resource management module. You notice that several team members are overallocated, and project tasks are at risk of delay. The software allows you to view resource capacity and assignments, but the data is not being updated regularly. You need to ensure resource conflicts are identified and resolved quickly. Which action should you take?

Accepted Answer

Establish a weekly review of resource utilization and hold team leads accountable for updates. Establishing a recurring review of resource utilization ensures ongoing monitoring and early conflict detection, and holding team leads accountable ensures data is updated regularly. Option A is wrong because reassigning tasks without analysis may cause further imbalance. Option B is wrong because automatic leveling might not consider project priorities or dependencies. Option D is wrong because focusing only on critical path tasks ignores resource conflicts on non-critical tasks, which can still delay the project.

Answer

Reassign tasks from overallocated resources to under allocated ones immediately

Answer

Enable the software's automatic resource leveling feature

Answer

Only monitor the critical path tasks for resource conflicts