PK0-005 Online Practice Questions and Answers

Correct Answer: D

The project triple constraint refers to the relationship between scope, time, and cost in a project. Reconciling the project budget at the closing phase of a project ensures that all expenses have been accounted for, and the final budget is reconciled with the actual expenses, which is crucial to measuring cost performance.

Evaluating the project is an activity that should be conducted throughout the project and not just in the closing phase. The purpose of evaluating the project is to determine whether the project was a success or failure, or if there are any areas that require improvement.

Correct Answer: B

The project manager should use the project management plan to document the input from the stakeholders on the minimum viable product that would be acceptable for the project. The project management plan is a document that describes how the project will be executed, monitored, controlled, and closed. It usually includes information such as scope statement, work breakdown structure (WBS), schedule baseline, cost baseline, quality plan, risk plan, communication plan, stakeholder plan, and change management plan. The project management plan can help to define and communicate the project requirements, deliverables, assumptions, constraints, and expectations to all stakeholders involved in the project.

Correct Answer: B

Distributing an agenda before the meeting serves as a crucial step in effective meeting management. An agenda outlines the topics, objectives, and schedule for the meeting. It helps participants prepare, ensures that all meeting items are addressed, and helps attract the correct participants who have a stake in the discussed topics. An agenda sets clear expectations and allows for more productive and focused discussions during the meeting.

Correct Answer: B

Correct Answer: CE

Issue log and change log are documents that should be used to record the event where the project team has just experienced an unexpected event and implemented a work-around. An issue log is a document that tracks and records any issues or problems that arise during a project and how they are resolved. An issue log can help to monitor and control the project performance and quality and prevent any negative impacts on the project objectives and deliverables. A change log is a document that tracks and records any changes or modifications that are made to the project scope, schedule, cost, quality, or resources during a project. A change log can help to document the change request, approval, implementation, and impact of each change and ensure traceability and transparency.

Correct Answer: C

Update the project charter. Updating the project charter would be the next step for the project manager after identifying the project team during the project initiation phase. A project charter is a document that formally authorizes a project and defines its purpose, scope, objectives, deliverables, milestones, roles and responsibilities, assumptions, constraints, risks, budget, and timeline. A project charter can help to align the expectations and interests of all stakeholders involved in a project and provide direction and guidance for planning and executing the project.

Correct Answer: B

Correct Answer: D

Key performance indicators (KPIs) are the most beneficial tools for assessing whether a project has met its defined objectives. KPIs are specific, measurable metrics that are aligned with the project's goals. They provide a clear and quantitative way to evaluate project performance and determine whether the project has achieved its intended outcomes. While schedule variance and cost variance are important measures, KPIs offer a more comprehensive view of the project's success in meeting its objectives.

Correct Answer: A

The scenario described, where an analyst explains situations from the previous day and lists tasks to be completed, aligns with a stand-up meeting. Stand-up meetings are a common agile practice where team members provide brief updates on their progress, discuss any challenges or issues, and plan tasks for the day. The meeting is typically short, focused, and conducted while standing to encourage brevity and engagement.

Correct Answer: A

smoke testing Also called build verification testing or build acceptance testing, this test checks that the most crucial functions of an application work but does not delve into the finer details.