PK0-005 Project Life Cycle Practice Test 8 — 15 Questions

Question 1

A project is in the Executing phase. The project manager needs to ensure effective communication with stakeholders. Which THREE elements should be included in the communications management plan? (Select THREE.)

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

Accepted Answer

Method or technology for communication. The communications management plan includes stakeholder communication needs, frequency, and methods. Actual messages and storage are part of project communications but not the plan's core elements.

Answer

Storage and retrieval of communications

Answer

Actual status report content

Question 2

A project has a cost performance index (CPI) of 0.8 and a schedule performance index (SPI) of 1.2. Which TWO conclusions can be drawn? (Select TWO.)

Accepted Answer

The project is ahead of schedule. CPI < 1 means over budget; SPI > 1 means ahead of schedule. EAC > BAC typically when CPI < 1, and TCPI to meet BAC is >1.

Answer

The project is on schedule and on budget

Answer

The project is under budget

Answer

The project is behind schedule

Question 3

A project manager is in the process of developing the project charter. Which of the following would be included in the project charter?

Accepted Answer

High-level project objectives and constraints. The project charter includes high-level scope, objectives, assumptions, and constraints, but detailed work packages are developed during planning.

Answer

Earned value metrics

Answer

Risk register with probability and impact matrix

Answer

Detailed work breakdown structure

Question 4

During project planning, the project manager decomposes the project scope into smaller, more manageable components. What is the resulting document called?

Accepted Answer

Work breakdown structure (WBS). The WBS is a hierarchical decomposition of the total scope into work packages, forming the scope baseline.

Answer

Scope statement

Answer

Project charter

Answer

Network diagram

Question 5

In a precedence diagramming method (PDM) network, a successor activity cannot start until its predecessor activity has started. Which type of dependency does this represent?

Accepted Answer

Start-to-start (SS). Start-to-start (SS) means the successor cannot start until the predecessor has started.

Answer

Start-to-finish (SF)

Answer

Finish-to-finish (FF)

Answer

Finish-to-start (FS)

Question 6

A project has a critical path duration of 45 days. Activity X on the critical path has an optimistic duration of 5 days, a pessimistic duration of 13 days, and a most likely duration of 8 days. What is the expected duration of activity X using PERT?

Accepted Answer

8.33 days. PERT expected duration = (Optimistic + 4*Most Likely + Pessimistic) / 6 = (5 + 4*8 + 13)/6 = (5+32+13)/6 = 50/6 ≈ 8.33 days.

Answer

8.0 days

Answer

7.5 days

Answer

9.0 days

Question 7

Which of the following is a common response strategy for negative risks (threats) that involves reducing the probability or impact of the risk?

Accepted Answer

Mitigate. Mitigation reduces the probability or impact of a threat.

Answer

Accept

Answer

Transfer

Answer

Avoid

Question 8

A project manager has identified a stakeholder with high power and high interest. According to the power/interest grid, how should this stakeholder be managed?

Accepted Answer

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

Answer

Monitor

Answer

Keep informed

Answer

Keep satisfied

Question 9

During project execution, the project team is experiencing conflicts and questioning the project manager's authority. According to Tuckman's model, which stage is the team in?

Accepted Answer

Storming. Storming is characterized by conflict and questioning of authority.

Answer

Norming

Answer

Performing

Answer

Forming

Question 10

A project manager is estimating costs for a new project using a top-down approach based on historical data from a similar project. Which estimation technique is being used?

Accepted Answer

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

Answer

Three-point estimation

Answer

Bottom-up estimation

Answer

Parametric estimation

Question 11

In earned value management, the project has an EV of $50,000, PV of $60,000, and AC of $55,000. What is the cost variance (CV)?

Accepted Answer

-$5,000. CV = EV - AC = $50,000 - $55,000 = -$5,000, indicating the project is over budget.

Answer

-$10,000

Answer

$10,000

Answer

$5,000

Question 12

A project manager receives a change request from a stakeholder. What is the first step the project manager should take?

Accepted Answer

Perform an impact analysis. The first step is to perform an impact analysis to assess the effects of the change before submission to the CCB.

Answer

Submit the change to the change control board

Answer

Implement the change immediately

Answer

Update the project baseline

Question 13

A project has a budget at completion (BAC) of $200,000. The earned value (EV) is $120,000, and the actual cost (AC) is $150,000. What is the estimate to complete (ETC) assuming the project will continue to perform at the same cost efficiency?

Accepted Answer

$100,000. CPI = EV/AC = 120k/150k = 0.8. ETC = (BAC - EV) / CPI = (200k - 120k) / 0.8 = 80k / 0.8 = $100,000.

Answer

$80,000

Answer

$150,000

Answer

$120,000

Question 14

Which type of contract places the greatest cost risk on the seller?

Accepted Answer

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

Answer

Cost plus incentive fee

Answer

Time and materials contract

Answer

Cost-reimbursable contract

Question 15

Which TWO documents are typically created during the project initiating phase?

Accepted Answer

Stakeholder register. The project charter and stakeholder register are created during initiating. The WBS and risk register are planning outputs; the status report is from monitoring and controlling.

Answer

Status report

Answer

Work breakdown structure

Answer

Risk register