PK0-005 Project Life Cycle Practice Test 5 — 15 Questions

Question 1

A project manager is conducting a lessons learned session at the end of a project. Which TWO activities are typically performed during project closure? (Select two.)

Accepted Answer

Archiving project documents. Formal acceptance from the sponsor and archiving project documents are key closure activities.

Answer

Developing the project charter

Answer

Creating the work breakdown structure

Answer

Performing risk identification

Question 2

A project manager is analyzing the network diagram and identifies that Activity X has a late start (LS) of day 10 and an early start (ES) of day 8. Which TWO statements are true about Activity X? (Select two.)

Accepted Answer

The activity can be delayed by up to 2 days without affecting the project completion date.. Total float = LS - ES = 10-8 = 2 days. It is not on the critical path because critical path activities have zero float.

Answer

The activity is on the critical path.

Answer

The total float is -2 days.

Answer

The activity has free float of 2 days.

Question 3

During project planning, the project manager is creating a risk register. Which THREE pieces of information are typically included in a risk register? (Select three.)

Accepted Answer

Risk description. Risk register includes risk description, probability and impact assessment, and response plan.

Answer

Actual cost of the project

Answer

Team member assignments

Question 4

A project manager is developing the project charter. Which of the following should be included as a key element in the charter to define the project's boundaries?

Accepted Answer

High-level scope. The project charter includes high-level scope, which defines the boundaries of the project. Assumptions and constraints are also included, but the high-level scope specifically sets the boundaries.

Answer

Risk register

Answer

Detailed work breakdown structure

Answer

Communication plan

Question 5

In the stakeholder power/interest grid, stakeholders with high power and low interest should be managed using which strategy?

Accepted Answer

Keep satisfied. According to the power/interest grid, stakeholders with high power and low interest should be kept satisfied to maintain their support.

Answer

Keep informed

Answer

Manage closely

Answer

Monitor

Question 6

During the planning phase, a project manager is creating the WBS. Which of the following best describes the process of breaking down deliverables into smaller, more manageable components?

Accepted Answer

Decomposition. Decomposition is the process of breaking down deliverables into smaller work packages within the WBS.

Answer

Rolling wave planning

Answer

Analogous estimating

Answer

Precedence diagramming

Question 7

A project has three activities on the critical path. Activity A has a duration of 5 days, Activity B has a duration of 3 days, and Activity C has a duration of 4 days. What is the total float for any activity on the critical path?

Accepted Answer

0 days. Activities on the critical path have zero float by definition.

Answer

3 days

Answer

12 days

Answer

4 days

Question 8

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

Accepted Answer

Analogous estimating. Analogous estimation uses historical data from similar projects as a basis for estimation.

Answer

Parametric estimating

Answer

Bottom-up estimating

Answer

Three-point estimating

Question 9

A project manager identifies a risk that could cause a $50,000 loss with a 20% probability. What is the expected monetary value (EMV) of this risk?

Accepted Answer

$10,000. EMV = Probability × Impact = 0.20 × $50,000 = $10,000.

Answer

$100,000

Answer

$50,000

Answer

$25,000

Question 10

During the executing phase, a project manager observes that team members are starting to collaborate and share ideas openly. According to Tuckman's stages of team development, which stage is the team likely in?

Accepted Answer

Norming. In the norming stage, team members begin to work together and share ideas openly.

Answer

Performing

Answer

Forming

Answer

Storming

Question 11

A project manager needs to communicate project progress to stakeholders who have low power and high interest. Which of the following is the most appropriate communication method?

Accepted Answer

Regular email updates. Low power, high interest stakeholders should be kept informed, so regular email updates are appropriate.

Answer

Ad-hoc phone calls

Answer

Project dashboard posted on the wall

Answer

Formal presentation to executives

Question 12

A project manager is reviewing the procurement process. Which document is used to invite vendors to submit a proposal for a project?

Accepted Answer

Request for Proposal (RFP). A Request for Proposal (RFP) is used to solicit proposals from vendors.

Answer

Request for Information (RFI)

Answer

Statement of Work (SOW)

Answer

Request for Quotation (RFQ)

Question 13

In a fixed-price contract, which party bears the risk of cost overruns?

Accepted Answer

Seller. In a fixed-price contract, the seller bears the risk of cost overruns because the price is fixed.

Answer

Both equally

Answer

Buyer

Answer

Neither

Question 14

During project execution, a stakeholder requests a change to the project scope. What is the first step the project manager should take?

Accepted Answer

Submit a change request to the change control board. The first step in change control is to document the change request and submit it for impact analysis.

Answer

Inform the sponsor of the change

Answer

Implement the change immediately

Answer

Update the project baseline

Question 15

A project has earned value (EV) of $120,000, planned value (PV) of $100,000, and actual cost (AC) of $110,000. What is the cost performance index (CPI)?

Accepted Answer

1.09. CPI = EV / AC = $120,000 / $110,000 = 1.09.

Answer

0.91

Answer

1.10

Answer

1.20