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 does 'float' signify in project management?

Amount of resources needed to complete a project
Total cost of a project
Amount of time an activity can be delayed without delaying the end of the project
Speed of project completion

The correct answer is: Amount of time an activity can be delayed without delaying the end of the project

In project management, 'float' signifies the amount of time an activity can be delayed without delaying the end of the project. This concept is crucial for project scheduling as it helps project managers understand the flexibility within the schedule. By knowing the float of each activity, project managers can effectively allocate resources and manage potential delays without impacting the overall project deadline. The float allows for a buffer period in case certain activities take longer than expected, ensuring the successful completion of the project on time. The other options are incorrect because: A. Amount of resources needed to complete a project is typically referred to as resource allocation, which is different from float. B. Total cost of a project is related to the project budget and cost management, not float. D. Speed of project completion is more related to the project duration and critical path, not float.