PK0-005 Project Life Cycle Practice Test 4 — 15 Questions

Question 1

A project manager is developing a communication plan. Which two elements should be included in the plan? (Select TWO)

Accepted Answer

Frequency of communication. A communication plan should include stakeholder communication needs and frequency, as well as the method of communication.

Answer

Risk register

Answer

Project charter

Answer

Work breakdown structure

Question 2

During project closure, which three activities should be performed? (Select THREE)

Accepted Answer

Obtain formal acceptance. Closure activities include lessons learned, obtaining formal acceptance, and archiving project documents.

Answer

Develop project charter

Answer

Create risk register

Question 3

A project manager is creating a WBS. Which two best practices should be followed? (Select TWO)

Accepted Answer

Ensure each element is a deliverable. The WBS should be decomposed to work packages, and each element should represent a deliverable, not an activity.

Answer

Assign durations to elements

Answer

Include project activities

Answer

Include only high-level scope

Question 4

A project manager is leading a cross-functional team that is working together for the first time. The team members are polite but hesitant to share ideas. According to Tuckman's stages of group development, which stage is the team currently in?

Accepted Answer

Forming. The team is in the forming stage, characterized by politeness and uncertainty.

Answer

Norming

Answer

Storming

Answer

Performing

Question 5

During project planning, a project manager is decomposing the project scope into smaller components. Which document is being created, and what is the lowest level of decomposition called?

Accepted Answer

Work breakdown structure (WBS); work package. The WBS is created, and the lowest level is a work package.

Answer

Network diagram; activity

Answer

Project charter; work item

Answer

Risk register; risk event

Question 6

A project manager is reviewing the project schedule. Activity A has an early start (ES) of day 1 and an early finish (EF) of day 5. Activity B has an ES of day 6 and an EF of day 10. Activity C has a duration of 2 days and depends on both A and B. What is the total float of Activity B if the project must be completed by day 12?

Accepted Answer

0 days. Activity B has an early finish of 10. Activity C has a duration of 2 days and cannot start until both A and B are complete. Using a backward pass from the project deadline of day 12: C's late finish is 12, so its late start is 10. Therefore, B must finish by day 10 to not delay C. Total float = Late Finish (10) - Early Finish (10) = 0 days.

Answer

2 days

Answer

1 day

Answer

3 days

Question 7

A project manager is estimating the cost of a new software development project. They use historical data from a similar project to derive the cost per function point and multiply it by the expected number of function points. Which estimation technique is being used?

Accepted Answer

Parametric estimation. Parametric estimation uses a statistical relationship between historical data and other variables (e.g., cost per function point) to calculate an estimate. In this scenario, the project manager derives a cost per function point from a similar project and multiplies it by the expected number of function points. This is a classic example of parametric estimation because it applies a unit rate to a quantity.

Answer

Bottom-up estimation

Answer

Three-point estimation

Answer

Analogous estimation

Question 8

A project manager identifies a key stakeholder who has high interest in the project but low power to influence decisions. In the power/interest grid, where should this stakeholder be placed?

Accepted Answer

Keep informed. High interest, low power stakeholders should be kept informed.

Answer

Manage closely

Answer

Keep satisfied

Answer

Monitor

Question 9

During project execution, a team member proposes a change that will add a new feature to the product. The project manager documents the change request and analyzes its impact on scope, schedule, and cost. Who is typically responsible for approving or rejecting the change?

Accepted Answer

Change control board. The change control board (CCB) reviews and approves change requests.

Answer

Functional manager

Answer

Project sponsor

Answer

Project manager

Question 10

A project has a cost performance index (CPI) of 1.2 and a schedule performance index (SPI) of 0.8. What does this indicate about the project?

Accepted Answer

Under budget and behind schedule. CPI > 1 means under budget, SPI < 1 means behind schedule.

Answer

Over budget and behind schedule

Answer

Over budget and ahead of schedule

Answer

Under budget and ahead of schedule

Question 11

In which project management process group is the project charter formally approved, giving the project manager authority to allocate resources?

Accepted Answer

Initiating. The project charter is created and approved in the Initiating process group.

Answer

Planning

Answer

Executing

Answer

Monitoring and Controlling

Question 12

A project manager is preparing a procurement document that asks vendors to provide a price for a specific product. Which type of document is this?

Accepted Answer

Request for quotation (RFQ). A request for quotation (RFQ) is used to obtain a price for a specific item.

Answer

Request for proposal (RFP)

Answer

Request for information (RFI)

Answer

Statement of work (SOW)

Question 13

A project manager is evaluating 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

$1,500

Answer

$50,000

Question 14

A project has a budget at completion (BAC) of $200,000. The actual cost (AC) is $80,000, earned value (EV) is $60,000, and planned value (PV) is $90,000. What is the estimate at completion (EAC) if the project will continue to perform at the same cost efficiency?

Accepted Answer

$266,667. CPI = EV/AC = 60,000/80,000 = 0.75. EAC = BAC/CPI = 200,000/0.75 = $266,667.

Answer

$220,000

Answer

$250,000

Answer

$200,000

Question 15

Which of the following is the primary purpose of a feasibility study during the initiating phase?

Accepted Answer

To determine if the project is viable. A feasibility study assesses whether the project is viable and worth doing.

Answer

To develop a communication plan

Answer

To identify all project risks

Answer

To create a detailed project schedule