PK0-005 Practice Exam 62 — 20 Questions

Question 1

A project manager is assigned to a project that has already been chartered. The project sponsor has provided the project charter and initial budget. The project manager is now in the planning phase. During the first planning meeting, the team identifies a major risk: a key supplier may go out of business before the project ends. The project manager needs to proceed. Which of the following is the NEXT step?

Choose an answer to begin — your selection is scored in the full session.

Accepted Answer

Add the risk to the risk register and develop a response plan.. The project manager is in the planning phase, and the first step when a risk is identified is to formally document it in the risk register. After adding the risk, the team should analyze it and develop a response plan. This aligns with the PMBOK Guide's risk management process, which requires recording risks before taking action.

Answer

Immediately switch to an alternative supplier.

Answer

Continue planning and address the risk later.

Answer

Escalate the risk to the sponsor for decision.

Question 2

Which TWO techniques are used in the Perform Quantitative Risk Analysis process? (Choose two.)

Accepted Answer

Sensitivity analysis. Sensitivity analysis is a quantitative technique used to determine which individual risks have the most potential impact on project outcomes by varying one risk factor at a time while holding others constant. Expected monetary value (EMV) calculates the average outcome when the future includes scenarios that may or may not happen, using probability and impact values to quantify risk exposure. Both are core tools in the Perform Quantitative Risk Analysis process as defined in the PMBOK Guide.

Answer

Risk auditing

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Probability and impact matrix

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Risk categorization

Question 3

A project manager is selecting two documents that are essential for defining project scope. Which TWO documents should they choose?

Accepted Answer

Work breakdown structure (WBS). The WBS breaks down the work into manageable components, and the scope statement defines the project scope, deliverables, and boundaries. The risk register lists risks, the communication plan defines communication, and the RACI matrix assigns responsibilities.

Answer

Communication plan

Answer

Risk register

Answer

RACI matrix

Question 4

A project manager is creating a risk register for a construction project. Which TWO fields are essential for calculating a risk score?

Accepted Answer

Probability. The risk score is typically calculated by multiplying probability and impact. These two fields are essential for determining the risk score.

Answer

Risk ID

Answer

Response Strategy

Answer

Owner

Question 5

A project team is using an agile methodology and the product owner frequently changes priorities mid-sprint. What is the most likely consequence?

Accepted Answer

Missed sprint goals. In agile methodology, the sprint is a time-boxed iteration with a fixed scope of work committed by the team. When the product owner frequently changes priorities mid-sprint, it disrupts the team's focus and capacity, making it highly likely that the original sprint goals will not be completed. This directly leads to missed sprint goals, as the team cannot deliver the planned work within the sprint's fixed duration.

Answer

Increased team morale

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Better stakeholder satisfaction

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Higher quality deliverables

Question 6

Which THREE items are typically found in a project charter? (Select THREE)

Accepted Answer

High-level scope. The project charter is the formal authorization document that establishes the project and provides the project manager with the authority to apply organizational resources. It must include the high-level scope to define the boundaries of the project without going into detailed decomposition, which is why option A is correct.

Answer

Work breakdown structure

Answer

Detailed risk analysis

Question 7

Which TWO documents are typically included in the project management plan?

Accepted Answer

Scope management plan. The scope management plan and schedule management plan are both subsidiary plans that form part of the project management plan. They define how the project scope and schedule will be defined, developed, monitored, controlled, and verified throughout the project lifecycle. These are required by the PMBOK Guide and are included in the project management plan documentation.

Answer

Work breakdown structure dictionary

Answer

Risk register

Answer

Project charter

Question 8

A project team is analyzing potential risks. They gather experts who provide anonymous responses to a questionnaire, and then the facilitator shares a summary for further rounds of feedback. Which risk identification technique is being used?

Accepted Answer

Delphi technique. The Delphi technique uses anonymous expert feedback through multiple rounds to reach consensus.

Answer

Brainstorming

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SWOT analysis

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Assumptions analysis

Question 9

A project has a mandatory dependency between two activities: the foundation must be poured before the walls can be erected. This dependency is based on the physical nature of the work and cannot be changed. What type of dependency is this?

Accepted Answer

Mandatory dependency. Mandatory dependencies, also known as hard logic, are inherent in the nature of the work and cannot be altered. Discretionary dependencies are best practices but can be changed. External dependencies involve factors outside the project. Resource constraints relate to limited availability.

Answer

Discretionary dependency

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External dependency

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Resource constraint

Question 10

During project execution, a stakeholder requests a change that will increase costs. Which document should the PM update first?

Accepted Answer

Change request form. When a stakeholder requests a change that increases costs, the project manager must first document the change using a change request form. This initiates the formal change control process, ensuring the request is evaluated for impact on scope, schedule, budget, and quality before any updates are made to other documents. The change request form is the primary artifact for capturing and tracking proposed changes in project management.

Answer

Communication plan

Answer

Project charter

Answer

Risk register

Question 11

Which TWO are typically outputs of the scope planning process? (Choose two.)

Accepted Answer

Requirements documentation. Requirements documentation is a key output of the scope planning process because it formally captures the stakeholder needs and expectations that must be met by the project. This documentation serves as the foundation for defining the project scope and is used to validate that deliverables align with business objectives.

Answer

Change requests

Answer

Project charter

Answer

Work breakdown structure (WBS)

Question 12

Which THREE are valid types of project termination? (Choose three.)

Accepted Answer

Addition. Addition is a valid type of project termination where the project is formally closed and its deliverables are absorbed into the ongoing operations of the organization, often becoming a new functional unit or product line. This is distinct from extinction, where the project ends because its objectives have been met, and starvation, where the project is terminated due to lack of resources or funding. In the context of the PMI framework and the PK0-005 exam, addition represents a successful transition from project to operations.

Answer

Substitution

Answer

Integration

Question 13

A project has a planned value (PV) of $50,000, earned value (EV) of $40,000, and actual cost (AC) of $45,000. What is the schedule variance (SV) and cost variance (CV)?

Accepted Answer

SV = -$10,000, CV = -$5,000. Schedule variance (SV) is calculated as EV - PV = $40,000 - $50,000 = -$10,000, indicating the project is behind schedule. Cost variance (CV) is EV - AC = $40,000 - $45,000 = -$5,000, indicating the project is over budget. Option D correctly states both negative variances.

Answer

SV = -$5,000, CV = -$10,000

Answer

SV = -$10,000, CV = $5,000

Answer

SV = $10,000, CV = $5,000

Question 14

Which document breaks down the project deliverables into smaller, more manageable components?

Accepted Answer

Work breakdown structure. The Work Breakdown Structure (WBS) is the correct document because it hierarchically decomposes the total scope of work into smaller, more manageable work packages. This decomposition is a core deliverable-oriented grouping that enables accurate cost estimation, resource allocation, and schedule development. The WBS is defined in the PMBOK Guide as a 'deliverable-oriented hierarchical decomposition of the work to be executed by the project team.'

Answer

Project schedule

Answer

Risk register

Answer

Project scope statement

Question 15

At the end of a project phase, the team holds a meeting to discuss what went well and what could be improved. Which document is produced from this meeting?

Accepted Answer

Lessons learned. The meeting at the end of a project phase is a retrospective, specifically designed to capture what went well and what could be improved. The formal document produced from this meeting is the lessons learned document, which records insights and recommendations for future phases or projects. This aligns with the PMI's definition of lessons learned as a key output of the project's monitoring and controlling processes.

Answer

Risk register update

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Project closure report

Answer

Status report

Question 16

During project execution, a stakeholder requests a new feature that was not in the original scope. The project manager adds it to the change log and obtains approval. Which document should be updated NEXT?

Accepted Answer

Project scope statement. The project scope statement defines the project's boundaries, deliverables, and acceptance criteria. When a new feature is approved via the change control process, the scope statement must be updated to reflect the newly authorized work, ensuring all stakeholders have a common understanding of the project's scope. This aligns with the PMBOK Guide's guidance that the scope statement is a key output of the 'Direct and Manage Project Work' process after a change request is approved.

Answer

Work breakdown structure

Answer

Communication plan

Answer

Lessons learned

Question 17

A project manager is reviewing the project schedule and notices that the critical path has a duration of 120 days. One activity on the critical path has a duration of 15 days and a total float of 0. If the duration of that activity is reduced by 5 days, what is the new critical path duration?

Accepted Answer

115 days. The critical path is the longest path in the project schedule, and any delay on a critical path activity directly extends the project duration. Since the activity on the critical path has a total float of 0, reducing its duration by 5 days reduces the total critical path duration from 120 days to 115 days.

Answer

100 days

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120 days

Answer

125 days

Question 18

A project manager is conducting a risk assessment and identifies a risk with a high probability and high impact. The team decides to purchase insurance to cover potential losses. This is an example of which risk response strategy?

Accepted Answer

Transfer. Purchasing insurance transfers the financial risk of a potential loss to a third party (the insurer). This is the defining characteristic of the Transfer risk response strategy, where the ownership and impact of the risk are shifted, but the risk itself is not eliminated. In project management, this is distinct from Mitigate, which reduces probability or impact through direct action.

Answer

Mitigate

Answer

Accept

Answer

Avoid

Question 19

Which TWO of the following are commonly considered as project constraints according to the Project Management Body of Knowledge?

Accepted Answer

Scope. According to the PMBOK Guide, the triple constraint (also known as the iron triangle) traditionally includes scope, time, and cost (budget). Scope defines the work required to deliver the project's deliverables, and any change to scope directly impacts time and cost. Therefore, Scope (D) is a core project constraint.

Answer

Communication

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Quality

Answer

Resources

Question 20

Which TWO documents are typically created during the project initiation phase? (Select TWO.)

Accepted Answer

Project charter. The project charter is a key document created during project initiation that formally authorizes the project and provides the project manager with the authority to apply organizational resources to project activities. The stakeholder register is also created during initiation to identify all individuals, groups, or organizations that may impact or be impacted by the project, capturing their interests, expectations, and influence levels.

Answer

Risk register

Answer

Work breakdown structure

Answer

Lessons learned