PK0-005 Project Life Cycle Practice Test 11 — 15 Questions

Question 1

A project manager is creating a document that formally authorizes the project and assigns the project manager. This document includes the business case, high-level scope, and budget constraints. What is this document called?

Accepted Answer

Project charter. The project charter is the document that formally authorizes a project and provides the project manager with the authority to apply organizational resources to project activities. It typically includes the business case, high-level scope, budget, schedule, assumptions, and constraints.

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Project scope statement

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Project management plan

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Business case

Question 2

During project planning, the team creates a hierarchical decomposition of the total scope of work to be carried out by the project team. Each descending level represents an increasingly detailed definition of the project work. What is this called?

Accepted Answer

Work Breakdown Structure (WBS). The Work Breakdown Structure (WBS) is a deliverable-oriented hierarchical decomposition of the work to be executed by the project team. It organizes and defines the total scope of the project, with each level providing more detail.

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Network diagram

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Project schedule

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Risk register

Question 3

A project has three activities: Activity A (5 days), Activity B (7 days), Activity C (4 days). Activity B depends on A. Activity C depends on B. What is the total float for Activity B?

Accepted Answer

0 days. This is a simple linear network: A (5) -> B (7) -> C (4). The critical path is A-B-C = 5+7+4=16 days. Activity B is on the critical path (no other paths), so its total float is zero. Total float for any activity on the critical path is zero.

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5 days

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7 days

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4 days

Question 4

A project manager is estimating the cost of a software development project. She uses the actual cost of a similar past project and adjusts it for known differences in size and complexity. Which cost estimation technique is she using?

Accepted Answer

Analogous estimation. Analogous estimation uses historical data from similar projects as a basis for the current project's cost estimate. It is a top-down technique often used when detailed project information is limited.

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Parametric estimation

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Three-point estimation

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Bottom-up estimation

Question 5

A project team is in the Performing stage of Tuckman's model. Which TWO behaviors are characteristic of this stage?

Accepted Answer

The team focuses on achieving project goals.. In the Performing stage, the team is functioning effectively, with established trust and processes. Interdependence and focus on goals are key characteristics.

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Team members are polite but unsure of their roles.

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Team members resolve conflicts openly and constructively.

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Team members are independent and rely on the project manager for guidance.

Question 6

A project manager is identifying stakeholders for a new product launch. She uses a power/interest grid to categorize stakeholders. For which TWO quadrants should the project manager apply the strategy of 'Manage Closely'?

Accepted Answer

High power, high interest. The power/interest grid categorizes stakeholders by their power (ability to influence) and interest (concern about project outcomes). 'Manage Closely' applies to high-power, high-interest stakeholders (key players) who require active engagement.

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Medium power, medium interest

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High power, low interest

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Low power, low interest

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Low power, high interest

Question 7

During project executing, the team is developing a communication plan. Which THREE factors should the project manager consider when determining the communication needs of stakeholders?

Accepted Answer

The method of communication (e.g., email, meetings). A communication plan considers stakeholder information needs, including their required information, preferred frequency, and method of communication. Organizational culture and project complexity are also relevant.

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The project manager's preferred communication style

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The number of project team members

Question 8

A project manager is reviewing the risk register and notices a risk with a high probability (0.7) and high impact ($50,000). The team decides to purchase insurance to cover the potential loss. Which TWO risk response strategies are being applied?

Accepted Answer

Transfer. Purchasing insurance transfers the risk to a third party (insurance company). This is a risk transfer strategy. Additionally, if the insurance covers the full impact, it mitigates the financial impact. However, in purest form, insurance is transfer. Some might argue it is mitigation, but in PMI terminology, insurance is classic transfer.

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Avoid

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Accept

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Mitigate

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Exploit

Question 9

A project manager is calculating the cost performance index (CPI) for a project. The earned value (EV) is $50,000 and the actual cost (AC) is $60,000. What does the CPI indicate? (Select TWO correct statements.)

Accepted Answer

The project is over budget.. CPI = EV/AC = 50000/60000 = 0.83. A CPI less than 1 indicates the project is over budget. The project is spending more than planned for the work performed.

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The project is under budget.

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The project is getting $1.20 worth of work for every $1 spent.

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The project is on schedule.

Question 10

A project is in the Monitoring and Controlling phase. A change request has been submitted to add a new feature. The change control board (CCB) has approved the change. Which THREE actions should the project manager take next?

Accepted Answer

Communicate the change to stakeholders. After approval, the project manager must update the relevant project baselines (e.g., scope, schedule, cost), implement the change, and then monitor its effect. Communication is also key, but updating baselines and implementing are primary.

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Close the project

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Reject the change because it was not in the original plan

Question 11

During project closing, a project manager must complete several activities. Which TWO are appropriate for project closure?

Accepted Answer

Archive project documents. Project closure includes formal acceptance from the sponsor/customer and archiving project documents. Releasing resources and lessons learned are also closure activities, but the question asks for TWO from the options.

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Create the project charter

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Update the risk register

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Develop the project schedule

Question 12

A project manager is estimating activity durations for a construction project. She uses a parametric estimate based on 100 square meters per day. If the total area is 500 square meters, the estimated duration is 5 days. Which THREE statements are true about parametric estimation?

Accepted Answer

It can be used for both cost and duration estimation.. Parametric estimation uses statistical relationships between historical data and other variables. It is a quantitative technique that can be very accurate if the parameters are reliable. It can be used in conjunction with other methods.

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It is less accurate than analogous estimation.

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It is a bottom-up technique.

Question 13

A project manager is analyzing the network diagram for a project. The critical path is A-B-C, with durations 3, 4, 2 days respectively. Activity D (2 days) has a finish-to-start relationship with A and a start-to-start relationship with B. Which TWO statements are correct about the schedule?

Accepted Answer

Activity D can be delayed up to 4 days without affecting the project end date.. The critical path is A-B-C = 9 days. Activity D's early start is after A (day 3), but with start-to-start with B, it can start at the same time as B (day 3). D's late finish is determined by the critical path; D has float. Need to compute: ES D = max(EF A=3, ES B=3) = 3; EF D = 5. Late start/end: Since D is not on critical path, its float is 9 - 5 = 4 days? Actually, need to consider dependencies: D's start-to-start with B means D can start when B starts. B starts at 3, so D starts at 3, ends at 5. B is on critical path, so B's late start = 3. D's late start = 3 (because start-to-start), so D's late finish = 5. Total float = LS - ES = 0? That would make D critical? Wait, need to analyze properly: With start-to-start, D's start is tied to B's start. B is on critical path, so B's late start = 3. D's late start = 3, so float = 0. So D is also critical? But D is not on the critical path originally. Actually, if there is a start-to-start with B, then any delay in B delays D, but D's own duration is separate. The critical path is the longest path. Path A-B-C = 9. Path A-D? D has no successor? Actually, D finishes, then what? No successor mentioned, so D's path length = 3+2=5. So not critical. But with start-to-start, D's early start is constrained by B, but B's early start is 3. So D's early start = 3. D's late finish? Since D is not on critical path, its late finish can be 9? But if D finishes later than 9, it might not delay project if no successor? But without successor, D's late finish is project end. So D has float. The float is 9 - 5 = 4. So statement about float: D has 4 days total float.

Answer

Activity D has a total float of 0 days.

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The project has two critical paths.

Question 14

A project manager is preparing a request for proposal (RFP) for a vendor to provide specialized equipment. Which THREE items should be included in the RFP?

Accepted Answer

Technical specifications of the equipment. An RFP includes a statement of work (SOW) describing the work, technical specifications, and evaluation criteria for selecting the vendor. Payment terms are part of the contract, not typically in RFP, and company financial data is not required.

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Company's financial statements

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Detailed payment terms and conditions

Question 15

A project has a budget at completion (BAC) of $200,000. After two months, the earned value (EV) is $80,000 and the actual cost (AC) is $90,000. The CPI is 0.89. Which THREE statements are correct regarding cost performance and forecasting?

Accepted Answer

The estimate at completion (EAC) is approximately $224,719.. CPI = EV/AC = 80/90 = 0.89. The project is over budget. EAC = BAC/CPI = 200,000/0.89 ≈ $224,719. VAC = BAC - EAC = 200,000 - 224,719 = -$24,719 (overrun).

Answer

The to-complete performance index (TCPI) based on BAC is 1.12.

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The project is under budget.