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PK0-005 Practice Question: Which THREE of the following are key components…
Which THREE of the following are key components of a project management plan?
⚠ Common exam trap
The PK0-005 exam often tests the distinction between 'components of the project management plan' (baselines and subsidiary plans) and 'project documents' (risk register, issue log, stakeholder register) to see if candidates confuse operational artifacts with formal planning components.
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
✓
Schedule baseline
The schedule baseline (A) is a key component of the project management plan because it is the approved version of the schedule model, used to compare actual progress against planned dates and to measure schedule performance. The cost baseline (C) is likewise an approved, time-phased budget used to measure cost performance, making it a core element of the plan. The scope baseline (D) is also essential, comprising the approved scope statement, WBS, and WBS dictionary, which together define what is in and out of scope and provide the basis for scope control. By contrast, the risk register (B) is a project document rather than a component of the project management plan itself, and the issue log (E) is likewise a project document used to track and manage issues, not part of the plan.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Schedule baseline
Why this is correct
The schedule baseline is an approved, time-phased version of the project schedule, forming part of the project management plan's baseline set alongside scope and cost baselines. It satisfies the stem's requirement for a key component by providing the fixed reference against which schedule performance is measured and change requests assessed.
- ✗
Risk register
Why it's wrong here
The risk register is an output of risk management, not a component of the project management plan itself. It is tempting because it is a core project document, and would be correct when identifying, scoring and tracking individual threats and opportunities.
- ✓
Cost baseline
Why this is correct
The cost baseline is the time-phased budget against which project cost performance is measured, approved as part of the project management plan. It satisfies the stem's requirement for a key plan component by providing the authorised spending threshold, enabling earned value analysis and change control when variances arise.
- ✓
Scope baseline
Why this is correct
The scope baseline is a key component of the project management plan, comprising the approved scope statement, work breakdown structure, and WBS dictionary. It satisfies the stem's requirement by providing the authorised scope against which project performance is measured and controlled, forming part of the plan's subsidiary baseline structure alongside schedule and cost baselines.
- ✗
Issue log
Why it's wrong here
The issue log records and tracks problems as they arise; it is a separate project document rather than a component of the project management plan. It is tempting because issue management is essential, and would be correct when logging, assigning and resolving live project issues.
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