PK0-005 Project Life Cycle Practice Test 3 — 15 Questions

Question 1

A project manager is assigning resources to activities. Activity X requires a specialized skill that is only available from a contractor. The project manager decides to hire the contractor. Which TWO documents are most likely to be used to define the work and terms for this contractor? (Select TWO).

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

Accepted Answer

Statement of Work (SOW). The SOW defines the work to be performed, and the contract defines the legal terms and conditions. The RFP is used to solicit bids, and the WBS is a planning tool, not a procurement document. The project charter authorizes the project.

Answer

Project charter

Answer

Work Breakdown Structure (WBS)

Answer

Request for Proposal (RFP)

Question 2

During project execution, the project manager notices that the team is struggling with communication, and key stakeholders are not receiving timely updates. Which THREE documents should the project manager review to improve the situation? (Select THREE).

Accepted Answer

Issue log. The communication management plan defines how communications are handled; the stakeholder register identifies stakeholders and their needs; the issue log tracks current problems. The risk register lists risks, not communication issues. The WBS is for scope.

Answer

Risk register

Answer

Work Breakdown Structure

Question 3

A project manager is closing a project. Which THREE activities are part of the project closure process? (Select THREE).

Accepted Answer

Release project resources. Project closure includes obtaining formal acceptance, archiving documents, and releasing resources. Risk response strategies are part of execution, and creating the WBS is part of planning.

Answer

Implement risk response strategies

Answer

Create the Work Breakdown Structure

Question 4

During which project phase is the project charter created?

Accepted Answer

Initiating. The project charter is created in the initiating phase to authorize the project and define high-level objectives.

Answer

Executing

Answer

Planning

Answer

Closing

Question 5

A project manager is analyzing stakeholders and categorizes a key executive who has high power and high interest. According to the power/interest grid, how should the project manager engage this stakeholder?

Accepted Answer

Manage closely. Stakeholders with high power and high interest should be managed closely, as they are key players.

Answer

Keep informed

Answer

Monitor

Answer

Keep satisfied

Question 6

In a network diagram, Activity A has a duration of 5 days, Activity B has 3 days, and Activity C has 4 days. Activity A and B can start simultaneously, but Activity C cannot start until both A and B are complete. What is the critical path duration?

Accepted Answer

9 days. The critical path is the longest path: A->C (5+4=9) or B->C (3+4=7), so the longest is 9 days.

Answer

7 days

Answer

8 days

Answer

12 days

Question 7

Which cost estimation technique uses historical data from similar projects to estimate the current project?

Accepted Answer

Analogous. Analogous estimation relies on historical data from similar projects.

Answer

Three-point

Answer

Bottom-up

Answer

Parametric

Question 8

A project team is in the storming stage of Tuckman's model. Which behavior is most likely observed?

Accepted Answer

Team members challenge each other's ideas.. Storming is characterized by conflict and disagreements as team members express differing opinions.

Answer

Team members feel a sense of closure.

Answer

Team members work together efficiently.

Answer

Team members are polite and avoid conflict.

Question 9

A project has earned value (EV) of $50,000, planned value (PV) of $60,000, and actual cost (AC) of $55,000. What is the cost performance index (CPI)?

Accepted Answer

0.91. CPI = EV/AC = 50000/55000 = 0.91.

Answer

0.83

Answer

1.10

Answer

1.20

Question 10

A project manager identifies a risk with a probability of 30% and an impact of $50,000. What is the expected monetary value (EMV) of this risk?

Accepted Answer

$15,000. EMV = Probability × Impact = 0.30 × $50,000 = $15,000.

Answer

$150,000

Answer

$35,000

Answer

$50,000

Question 11

Which document is used to formally accept the project deliverables and signify project closure?

Accepted Answer

Formal acceptance. Formal acceptance from the sponsor or customer is a key closing activity.

Answer

Project charter

Answer

Scope statement

Answer

Lessons learned

Question 12

A change request is submitted to add a new feature to a project. What is the first step the project manager should take?

Accepted Answer

Perform impact analysis. The first step is to perform an impact analysis to understand the effects on scope, schedule, cost, etc.

Answer

Implement the change

Answer

Update the project plan

Answer

Submit to change control board

Question 13

Which contract type places the most cost risk on the seller?

Accepted Answer

Fixed-price. A fixed-price contract puts cost risk on the seller because the price is fixed regardless of actual costs.

Answer

Cost-reimbursable

Answer

Time and materials

Answer

Cost plus incentive fee

Question 14

A project has a budget at completion (BAC) of $200,000, earned value (EV) of $120,000, and actual cost (AC) of $130,000. What is the estimate at completion (EAC) if the cost performance is expected to continue?

Accepted Answer

$216,667. If cost performance continues, EAC = BAC / CPI = BAC / (EV/AC) = 200000 / (120000/130000) = 200000 / 0.9231 ≈ $216,667.

Answer

$230,000

Answer

$210,000

Answer

$220,000

Question 15

Which of the following is an example of a risk response strategy to avoid a risk?

Accepted Answer

Changing the project scope to eliminate the risk. Avoidance involves changing the project plan to eliminate the risk or protect objectives.

Answer

Accepting the risk and budgeting for impact

Answer

Purchasing insurance

Answer

Assigning a risk owner