PK0-005 Project Life Cycle Practice Test 7 — 15 Questions

Question 1

A project manager is closing a project. Which TWO activities are typically performed during the closing phase?

Accepted Answer

Obtaining formal acceptance from the sponsor. Closing activities include obtaining formal acceptance from the sponsor and archiving project documents. Releasing resources and lessons learned are also part of closing, but the question asks for exactly two.

Answer

Performing earned value analysis

Answer

Creating the risk register

Answer

Developing the project charter

Question 2

During the planning phase, a project team is selecting risk response strategies for identified risks. Which THREE are valid risk response strategies?

Accepted Answer

Mitigate. Risk response strategies include avoid, transfer, mitigate, and accept. Exploit is a positive risk response strategy.

Answer

Ignore

Answer

Enhance

Question 3

A project manager is monitoring project performance. Which TWO earned value metrics are used to assess cost efficiency?

Accepted Answer

Cost Variance (CV). Cost Performance Index (CPI) and Cost Variance (CV) are metrics that measure cost efficiency. CPI = EV/AC, CV = EV - AC.

Answer

Estimate at Completion (EAC)

Answer

Schedule Variance (SV)

Answer

Schedule Performance Index (SPI)

Question 4

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

Accepted Answer

Initiating. The project charter is created during the Initiating phase, which formally authorizes the project and assigns the project manager.

Answer

Executing

Answer

Planning

Answer

Monitoring and Controlling

Question 5

A project manager is estimating the cost of a new software development project. The project is similar to a previous project that cost $500,000. The PM adjusts for size and complexity and estimates the new project will cost $600,000. Which estimation technique is being used?

Accepted Answer

Analogous estimation. Analogous estimation uses historical data from similar projects to estimate current project costs, adjusting for differences.

Answer

Parametric estimation

Answer

Bottom-up estimation

Answer

Three-point estimation

Question 6

In a network diagram, Activity B has a duration of 5 days. Its predecessor is Activity A (duration 3 days) with a finish-to-start relationship. Activity C (duration 4 days) has a start-to-start relationship with Activity B with a 2-day lag. What is the earliest day Activity C can start?

Accepted Answer

Day 6. Activity A finishes at day 3. Activity B starts at day 4 (FS+1? Actually FS means B starts after A finishes, so B starts day 4). With SS+2 lag, C can start 2 days after B starts, i.e., day 6.

Answer

Day 5

Answer

Day 7

Answer

Day 8

Question 7

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

Accepted Answer

Team members question the project manager's authority and disagree on tasks.. In the storming stage, team members may challenge each other and the project manager, leading to conflicts as they establish roles.

Answer

Team members disengage as the project ends.

Answer

Team members are polite and avoid conflict.

Answer

Team members work collaboratively and efficiently.

Question 8

Which document contains all identified risks, their probability and impact, and planned response strategies?

Accepted Answer

Risk register. The risk register is the central repository for risk information throughout the project.

Answer

Change log

Answer

Issue log

Answer

Project charter

Question 9

A project manager needs to communicate the project's progress to stakeholders with high power and low interest. According to the power/interest grid, which communication approach is most appropriate?

Accepted Answer

Keep satisfied with periodic high-level updates.. Stakeholders with high power and low interest should be kept satisfied. They need sufficient information to ensure satisfaction but not overwhelmed with details.

Answer

Manage closely with frequent detailed reports.

Answer

Keep informed with regular status reports.

Answer

Monitor with minimal communication.

Question 10

A project has an 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) and what does it indicate?

Accepted Answer

CPI = 0.91; project is over budget. CPI = EV/AC = 50000/55000 ≈ 0.91. A CPI less than 1 indicates the project is over budget.

Answer

CPI = 1.10; project is on budget

Answer

CPI = 1.09; project is under budget

Answer

CPI = 0.83; project is over budget

Question 11

A change request to add a new feature is submitted. The project manager performs an impact analysis and presents it to the Change Control Board (CCB). The CCB approves the change. What is the next step?

Accepted Answer

Implement the change and update the project baselines. After approval, the change must be implemented and project baselines (scope, schedule, cost) updated to reflect the approved change.

Answer

Document the change in the lessons learned

Answer

Reject the change and inform the requester

Answer

Update the risk register

Question 12

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

Accepted Answer

Fixed-price. In a fixed-price contract, the seller bears the risk of cost overruns because the price is set regardless of actual costs.

Answer

Cost-reimbursable

Answer

Time and materials (T&M)

Answer

Cost-plus-fixed-fee

Question 13

A project has three activities on the critical path: A (5 days), B (10 days), C (5 days). Activity D (8 days) has a total float of 3 days. If activity B is delayed by 2 days, what is the new project duration?

Accepted Answer

22 days. Original critical path duration = 5+10+5 = 20 days. Delaying B by 2 days adds 2 days to the critical path, so new duration = 22 days. Float of D doesn't affect critical path.

Answer

21 days

Answer

20 days

Answer

23 days

Question 14

A project manager is decomposing the project scope into smaller components. Which output is produced?

Accepted Answer

Work Breakdown Structure (WBS). Decomposition of scope results in a Work Breakdown Structure (WBS), which breaks down deliverables into work packages.

Answer

Risk breakdown structure

Answer

Scope statement

Answer

Network diagram

Question 15

During project closing, which activity is performed to formally obtain acceptance of the project deliverables from the sponsor or customer?

Accepted Answer

Obtaining formal acceptance. Formal acceptance is documented, often through a sign-off, to confirm that deliverables meet requirements and the project is complete.

Answer

Conducting lessons learned

Answer

Archiving project documents

Answer

Releasing resources