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PK0-005 Free Practice Questions — Page 16

Question 135

A project manager is in the process of evaluating the probability and impact of a risk by assigning numbers such as a monetary value. Which of the following is the project manager using?

A. Monte Carlo simulation
B. Root cause analysis
C. Quantitative risk analysis
D. Risk response analysis
Show Answer
Correct Answer: C
Explanation:
Assigning numerical values such as probabilities and monetary impacts to evaluate risks is quantitative risk analysis. Monte Carlo simulation is a specific quantitative technique, root cause analysis identifies underlying causes, and risk response analysis focuses on planning responses rather than numerically evaluating risk.

Question 136

A project manager just found out that the equipment vendor selected for a project is bankrupt. The process of selecting a new vendor and signing a contract will significantly delay the project schedule. Which of the following should the project manager do first?

A. Consult with the legal department.
B. Update the issue log.
C. Start a new RFP immediately.
D. Perform a PERT analysis.
Show Answer
Correct Answer: B
Explanation:
The vendor's bankruptcy is an issue that has occurred and is affecting the project. The project manager should first document and track it in the issue log so it can be managed, assigned, and monitored. After the issue is recorded, appropriate response actions such as consulting legal, initiating a new procurement (RFP), and assessing schedule impacts can be undertaken. PERT analysis is not the first response to this procurement issue.

Question 137

A project sponsor requires a system that is capable of providing integrated management of all the business’s core functions. Which of the following systems is the project sponsor describing?

A. CMS
B. CRM
C. EDRMS
D. ERP
Show Answer
Correct Answer: D
Explanation:
An Enterprise Resource Planning (ERP) system integrates and manages an organization's core business processes and functions, such as finance, HR, procurement, manufacturing, supply chain, and operations, within a unified system. CMS manages content, CRM focuses on customer relationships, and EDRMS manages electronic documents and records.

Question 138

A project sponsor is struggling to provide the latest project status information on a weekly executive call. Which of the following should be reviewed?

A. Meeting cadence
B. Gap analysis
C. Dashboard
D. Adoption training
Show Answer
Correct Answer: C
Explanation:
A project dashboard consolidates current project metrics, milestones, risks, budget, and schedule into an easily consumable view for stakeholders. If the sponsor cannot provide the latest project status during recurring executive calls, the dashboard is the primary artifact to review to ensure timely, accurate status reporting. Meeting cadence, gap analysis, and adoption training do not directly address access to current project status information.

Question 139

A project manager has decided to outsource portions of a project and will conduct a separate procurement. In which of the following phases does this task occur?

A. Planning
B. Initiating
C. Controlling
D. Executing
Show Answer
Correct Answer: A
Explanation:
Deciding to outsource project work and planning a separate procurement are procurement planning activities. During the Planning process group, the project manager determines what to procure externally, develops the procurement management approach, prepares procurement documents, and plans contract strategy. The actual solicitation, seller selection, and contract administration occur later.

Question 140

A project manager buys an extended warranty for a set of servers. Which of the following risk management strategies is the manager using?

A. Transfer
B. Avoid
C. Accept
D. Mitigate
Show Answer
Correct Answer: A
Explanation:
Buying an extended warranty shifts the financial consequences of server repair or replacement to the warranty provider. This is a risk transfer strategy, similar to purchasing insurance. It does not eliminate the risk (avoid), merely reduce its likelihood/impact through internal controls (mitigate), or consciously retain it (accept).

Question 141

A new junior PM who has ownership of a project does not understand how to manage conflicts involving multiple personalities. Which of the following is the BEST order of the stages the PM should follow to nurture the team to high performance?

A. Forming, storming, performing, norming, adjourning
B. Forming, performing, storming, norming, adjourning
C. Forming, norming, storming, performing, adjourning
D. Forming, storming, norming, performing, adjourning
Show Answer
Correct Answer: D
Explanation:
The correct sequence is Bruce Tuckman’s stages of team development: Forming, Storming, Norming, Performing, and Adjourning. Teams typically begin by orienting themselves (forming), experience conflict as roles and personalities emerge (storming), establish shared norms and cohesion (norming), reach effective collaboration (performing), and finally disband when the work is complete (adjourning).

Question 142

A project manager, who finished a project some time ago, keeps receiving questions from another project manager who is currently leading a similar project. Which of the following is the MOST likely cause of this situation?

A. The retrospective session feedback was not communicated properly.
B. The project resources were released ahead of time.
C. The documentation was not archived as per the PMO standards.
D. The validation of deliverables is running behind schedule.
Show Answer
Correct Answer: C
Explanation:
The most likely cause is that the completed project's documentation, including lessons learned and other knowledge assets, was not properly archived or made accessible according to PMO standards. As a result, another project manager cannot easily find the needed information and must repeatedly contact the previous project manager. The other options do not directly explain ongoing post-project knowledge requests.

Question 143

A project team is developing an application that will allocate a building's parking spaces. The building owner does not agree with using corporate colors in the application and has blocked the release of the beta version for testing. Which of the following BEST describes what the project manager should have done in the initiation phase to prevent this issue?

A. Review of existing artifacts
B. Development of an issue log
C. Identification and assessment of stakeholders
D. Establishment of accepted communication channels
Show Answer
Correct Answer: C
Explanation:
The building owner is a key stakeholder whose preferences and acceptance criteria should have been identified and assessed during project initiation. Early stakeholder identification and analysis helps uncover expectations, such as branding preferences, and allows them to be incorporated into requirements and planning, preventing late-stage release blockers. An issue log is created after issues arise, communication channels alone would not reveal unstated stakeholder expectations, and reviewing existing artifacts would not replace stakeholder analysis.

Question 144

During the testing phase of a project, an executive raises a concern about a missing requirement in the product. Which of the following is the NEXT step the project manager should take?

A. Communicate the change status.
B. Ask for a change request submission.
C. Escalate to the change control board.
D. Reject the change to prevent scope creep.
Show Answer
Correct Answer: B
Explanation:
A missing requirement identified during testing is a potential scope change. The project manager should first ensure it enters the formal integrated change control process by requesting a change request. Only after submission is it evaluated, potentially escalated to the change control board if required by governance. Communicating status or rejecting it immediately would be premature.

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