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!

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What are the inputs of plan cost management?

Project management plan, project charter, enterprise env factors, org process assets
Cost baseline, schedule management plan
Market conditions, currency exchange rates
Financial controls procedures, historical info

The correct answer is: Project management plan, project charter, enterprise env factors, org process assets

The inputs of plan cost management include the project management plan, project charter, enterprise environmental factors, and organizational process assets. These inputs are essential for developing a cost management plan that outlines how costs will be estimated, budgeted, managed, and controlled throughout the project. Options B, C, and D are incorrect because they do not fully capture all the necessary inputs for the plan cost management process as outlined in the PMBOK Guide. The cost baseline and schedule management plan are parts of the cost management plan but not the inputs specifically for planning cost management. Market conditions and currency exchange rates are factors that may influence cost management but are not direct inputs for planning cost management. Similarly, financial controls procedures and historical information are relevant for cost management but are not specific inputs for planning cost management.