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PK0-005 Practice Question: A project manager is creating a project charter
A project manager is creating a project charter. Which TWO components are typically included in a project charter? (Choose two.)
⚠ Common exam trap
The PK0-005 exam often tests the distinction between high-level and detailed components, so the trap here is that candidates confuse the project charter with the project management plan, selecting detailed items like budget or communication plan that belong to later phases.
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Business need
Option B (Business need) is correct because the project charter formally authorizes the project and documents the business need or justification that explains why the project is being undertaken, linking it to organizational strategy. Option E (High-level risks) is correct because the charter captures a summary of known high-level risks, since detailed risk identification and analysis occur later in risk management planning. Options A (Detailed budget), C (Task assignments), and D (Communication plan) do not belong: detailed budgets and task assignments are developed in later planning processes (e.g., cost budgeting and resource/work assignment), and the communication plan is a subsidiary project management plan component created during planning, not part of the charter.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Detailed budget
Why it's wrong here
A detailed budget is produced during planning, after the charter authorises the project, so it cannot be a charter component. It is tempting because the charter does include a high-level budget summary; the detailed budget belongs in the cost baseline once estimates are complete.
- ✓
Business need
Why this is correct
The business need justifies why the project is authorised, capturing the problem or opportunity the charter addresses. It satisfies the stem's requirement for a typical charter component by linking the project to organisational strategy, giving the project manager formal authority to proceed and defining the expected outcome against which success will later be measured.
- ✗
Task assignments
Why it's wrong here
Task assignments are made during planning and executing, once the team and schedule exist, so they are absent from the charter. It is tempting because the charter names the project manager and may list key roles; individual task assignments belong in the responsibility assignment matrix.
- ✗
Communication plan
Why it's wrong here
The communication plan is developed during planning to define stakeholder information needs, so it is not a charter component. It is tempting because the charter lists key stakeholders; the communication plan would be correct when specifying who receives which information, when and how.
- ✓
High-level risks
Why this is correct
High-level risks belong in the charter because it authorises the project and records initial constraints before detailed planning. Listing them satisfies the stem's requirement for a charter component, alongside the project's purpose and objectives. Detailed risk registers come later, so capturing only summary-level risks here matches the document's early, approval-stage role.
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Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
This PK0-005 practice question is part of Courseiva's free CompTIA certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the PK0-005 exam.