PK0-005 Project Life Cycle Practice Test 9 — 15 Questions

Question 1

During project closing, which THREE activities should be performed?

Accepted Answer

Obtain formal acceptance from the sponsor. Closing includes formal acceptance, lessons learned, and archiving documents. Resource leveling occurs during planning/execution; risk identification occurs during planning.

Answer

Perform resource leveling

Answer

Identify risks

Question 2

A project manager is evaluating the cost performance of a project. Which TWO earned value metrics should be used to determine if the project is over budget?

Accepted Answer

Cost variance (CV). Cost variance (CV) and cost performance index (CPI) both indicate cost performance. CV = EV - AC; negative means over budget. CPI = EV/AC; less than 1 means over budget. SPI is schedule, EAC is forecast.

Answer

Schedule variance (SV)

Answer

Estimate at completion (EAC)

Answer

Schedule performance index (SPI)

Question 3

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

Accepted Answer

Initiating. The project charter is created during the Initiating phase, along with assigning the project manager and obtaining authorization.

Answer

Planning

Answer

Closing

Answer

Executing

Question 4

A project manager is developing a network diagram for a software rollout. Activity D (3 days) can start only after Activity C (2 days) finishes, and Activity E (4 days) can start when Activity C starts. Activities D and E must both finish before Activity F (1 day) begins. What type of dependency exists between Activity C and Activity E?

Accepted Answer

Start-to-Start (SS). Start-to-start (SS) means the successor activity can start when the predecessor starts. Activity E starts when Activity C starts, so it's SS.

Answer

Start-to-Finish (SF)

Answer

Finish-to-Start (FS)

Answer

Finish-to-Finish (FF)

Question 5

A project has an Earned Value (EV) of $50,000, Planned Value (PV) of $60,000, and Actual Cost (AC) of $55,000. Which TWO statements are true regarding the project's performance? (Choose two.)

Accepted Answer

The project is over budget.. SPI = EV/PV = 50/60 = 0.83 (<1, behind schedule). CPI = EV/AC = 50/55 = 0.91 (<1, over budget).

Answer

The project is ahead of schedule.

Answer

The project is under budget.

Question 6

A project manager is assigning stakeholders to quadrants on a power/interest grid. Which stakeholders require the most active management?

Accepted Answer

High power, high interest. High power, high interest stakeholders are in the 'Manage Closely' quadrant and need the most attention.

Answer

Low power, low interest

Answer

High power, low interest

Answer

Low power, high interest

Question 7

Which document formally authorizes a project and provides the project manager with the authority to apply organizational resources?

Accepted Answer

Project charter. The project charter authorizes the project and assigns the project manager.

Answer

Project management plan

Answer

Project scope statement

Answer

Work breakdown structure

Question 8

A project team is estimating costs for a new software development project. They use data from a similar previous project and adjust for size differences. Which estimating technique is being used?

Accepted Answer

Analogous estimating. Analogous estimation uses historical data from similar projects, adjusted for differences.

Answer

Parametric estimating

Answer

Bottom-up estimating

Answer

Three-point estimating

Question 9

During project execution, a team member identifies a potential risk that was not included in the risk register. The project manager logs it and begins the risk assessment process. Where should this risk be recorded?

Accepted Answer

Risk register. Newly identified risks are added to the risk register for assessment and response planning.

Answer

Issue log

Answer

Change request log

Answer

Lessons learned

Question 10

A project manager is using a risk probability and impact matrix. A risk has a probability of 0.3 and an impact of $50,000. What is the expected monetary value (EMV) of this risk?

Accepted Answer

$15,000. EMV = Probability × Impact = 0.3 × $50,000 = $15,000.

Answer

$50,000

Answer

$1,500

Answer

$150,000

Question 11

In which Tuckman stage do team members begin to resolve their differences, establish norms, and develop closer relationships?

Accepted Answer

Norming. Norming is when the team starts to work together more cohesively and establish norms.

Answer

Storming

Answer

Performing

Answer

Forming

Question 12

A project team is in the process of obtaining seller responses, evaluating proposals, and awarding a contract. Which procurement document is used to formally request a proposal from potential sellers?

Accepted Answer

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

Answer

Request for Information (RFI)

Answer

Request for Quote (RFQ)

Answer

Statement of Work (SOW)

Question 13

A project has a cost performance index (CPI) of 1.2 and a schedule performance index (SPI) of 0.9. Which of the following is true?

Accepted Answer

The project is under budget and behind schedule.. CPI > 1 means under budget; SPI < 1 means behind schedule.

Answer

The project is over budget and behind schedule.

Answer

The project is over budget and ahead of schedule.

Answer

The project is under budget and ahead of schedule.

Question 14

During project closing, which activity involves obtaining formal acceptance from the customer or sponsor that deliverables meet requirements?

Accepted Answer

Formal acceptance. Formal acceptance is obtained from the customer or sponsor during closing, often via a project acceptance form.

Answer

Lessons learned

Answer

Archiving project documents

Answer

Final project report

Question 15

A project manager is analyzing the critical path of a network diagram. Which TWO statements about the critical path are true?

Accepted Answer

Delaying a critical path activity delays the project.. The critical path has the longest duration and zero float. Any delay on the critical path delays the project.

Answer

Critical path activities can have negative float.

Answer

Activities on the critical path have positive float.

Answer

There can be only one critical path.