CAPM (Certified Associate in Project Management) Practice Exam

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Prepare for the CAPM (Certified Associate in Project Management) exam with our informative quiz. Test your knowledge through multiple-choice questions and detailed explanations to boost your confidence and readiness for the certification.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What are organizational process assets?

Financial resources allocated for the project
External suppliers and contractors
Plans, policies, and project files used and created during the project
Only physical assets owned by the organization

The correct answer is: Plans, policies, and project files used and created during the project

Organizational process assets refer to the plans, policies, procedures, and knowledge bases that are used and created during the project. These assets include documents such as project files, historical information, lessons learned, templates, and guidelines. They play a crucial role in influencing the organization's projects and how they are executed. Financial resources allocated for the project (Option A) and external suppliers and contractors (Option B) are not considered organizational process assets as they are external to the organization. Physical assets owned by the organization (Option D) are also not organizational process assets as they do not involve the intangible aspects related to processes and procedures within the organization.