PK0-005 Project Life Cycle Practice Test 10 — 15 Questions

Question 1

During which project phase is the project charter created and the project manager formally assigned?

Accepted Answer

Initiating. The project charter is created and the project manager is formally assigned during the Initiating phase. This phase involves defining the project at a high level, obtaining authorization to proceed, and identifying the key stakeholders. The charter formally authorizes the project and the project manager's authority.

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Planning

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Closing

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Executing

Question 2

A project manager is developing a network diagram for a software rollout. Activity D (3 days) can start only after Activity C (2 days) finishes, and Activity E (4 days) can start when Activity C starts. Activities D and E must both finish before Activity F (1 day) begins. What type of dependency exists between Activity C and Activity E?

Accepted Answer

Start-to-Start (SS). The dependency between Activity C and Activity E is Start-to-Start (SS) because Activity E can start when Activity C starts. In project management, a Start-to-Start relationship means the successor activity cannot begin until the predecessor activity begins. Here, E's start is tied to C's start, not C's finish, so SS is correct.

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Start-to-Finish (SF)

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Finish-to-Start (FS)

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Finish-to-Finish (FF)

Question 3

A project has an Earned Value (EV) of $50,000, Planned Value (PV) of $60,000, and Actual Cost (AC) of $55,000. Which TWO statements are true regarding the project's performance? (Choose two.)

Accepted Answer

The project is over budget.. SPI = EV/PV = 50/60 = 0.83 (<1, behind schedule). CPI = EV/AC = 50/55 = 0.91 (<1, over budget).

Answer

The project is ahead of schedule.

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The project is under budget.

Question 4

A project manager is assigning stakeholders to quadrants on a power/interest grid. Which stakeholders require the most active management?

Accepted Answer

High power, high interest. In the power/interest grid, stakeholders with both high power (authority to influence decisions) and high interest (stake in the outcome) must be managed closely because they can both affect and are affected by the project. These are typically 'key players' who require active engagement, regular communication, and involvement in decision-making. The PMBOK-aligned strategy for this quadrant is 'Manage Closely.'

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Low power, low interest

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High power, low interest

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Low power, high interest

Question 5

Which document formally authorizes a project and provides the project manager with the authority to apply organizational resources?

Accepted Answer

Project charter. The project charter is the document that formally authorizes a project and gives the project manager authority to apply organizational resources. It is typically issued by the project sponsor or initiating entity and marks the official start of the project.

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Project management plan

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Project scope statement

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Work breakdown structure

Question 6

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.

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Parametric estimating

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Bottom-up estimating

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Three-point estimating

Question 7

During project execution, a team member identifies a potential risk that was not included in the risk register. The project manager logs it and begins the risk assessment process. Where should this risk be recorded?

Accepted Answer

Risk register. The risk register is the correct answer because it is the formal document where all identified risks, including newly discovered ones during execution, are recorded, assessed, and tracked. When a team member identifies a potential risk not previously documented, the project manager logs it in the risk register and then performs qualitative and quantitative risk analysis to determine its probability and impact. This ensures the risk is managed alongside all other project risks.

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Issue log

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Change request log

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Lessons learned

Question 8

A project manager is using a risk probability and impact matrix. A risk has a probability of 0.3 and an impact of $50,000. What is the expected monetary value (EMV) of this risk?

Accepted Answer

$15,000. EMV = Probability × Impact = 0.3 × $50,000 = $15,000.

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$50,000

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$1,500

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$150,000

Question 9

In which Tuckman stage do team members begin to resolve their differences, establish norms, and develop closer relationships?

Accepted Answer

Norming. In the Norming stage, team members resolve the conflicts that characterized Storming, agree on working norms, and begin to develop cohesion and trust. This is the stage where ground rules solidify and the team starts functioning as a cooperative unit rather than a collection of individuals.

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Storming

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Performing

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Forming

Question 10

A project team is in the process of obtaining seller responses, evaluating proposals, and awarding a contract. Which procurement document is used to formally request a proposal from potential sellers?

Accepted Answer

Request for Proposal (RFP). The Request for Proposal (RFP) is the procurement document used when the buyer needs sellers to propose solutions to a problem or meet a set of requirements, especially when the scope is not fully defined. It formally solicits proposals that include technical approach, pricing, and other details, and is used in the 'obtain seller responses' and 'evaluate proposals' processes. Unlike an RFQ, which is for specific, well-defined items, an RFP is appropriate when the buyer wants sellers to offer their best approach and value. Therefore, RFP is the correct answer for formally requesting a proposal from potential sellers.

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Request for Information (RFI)

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Request for Quote (RFQ)

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Statement of Work (SOW)

Question 11

During project closing, which activity involves obtaining formal acceptance from the customer or sponsor that deliverables meet requirements?

Accepted Answer

Formal acceptance. Formal acceptance is obtained from the customer or sponsor during closing, often via a project acceptance form.

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Lessons learned

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Archiving project documents

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Final project report

Question 12

A project manager is analyzing the critical path of a network diagram. Which TWO statements about the critical path are true?

Accepted Answer

Delaying a critical path activity delays the project.. Option A is correct because the critical path is defined as the sequence of activities with zero total float, so any delay to an activity on it directly pushes out the project finish date. Option E is correct because the critical path is, by definition, the longest-duration path through the network diagram, which determines the shortest possible project completion time. Option B is wrong because negative float indicates a schedule that is already behind its imposed deadline, not a normal property of critical path activities. Option C is wrong because critical path activities have zero float, not positive float; positive float belongs to non-critical activities. Option D is wrong because a network diagram can contain multiple critical paths when two or more sequences share the same longest duration.

Answer

Critical path activities can have negative float.

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Activities on the critical path have positive float.

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There can be only one critical path.

Question 13

During which phase of the project life cycle is the project charter created and stakeholders initially identified?

Accepted Answer

Initiating. The Initiating phase is where the project charter is authored and approved, and where stakeholders are first identified at a high level. The charter formally authorizes the project, names the project manager, and links the project to organizational strategy — all of which happen before detailed planning begins.

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Closing

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Executing

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Planning

Question 14

What is the primary purpose of a Work Breakdown Structure (WBS) in project planning?

Accepted Answer

To break down the project scope into smaller, manageable components. A WBS decomposes the project scope into manageable work packages, forming the basis for estimating, scheduling, and controlling work.

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To identify project risks

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To create the project schedule

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To assign resources to tasks

Question 15

Which project management process group involves obtaining formal acceptance of the project deliverables and archiving project documents?

Accepted Answer

Closing. Closing includes formal acceptance, lessons learned, and archiving project documents.

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Executing

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Planning

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Initiating