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 sensitivity analysis help determine in project risk management?

The project's sensitivity to changes in scope
The cost sensitivity to changes in resource allocation
The risk with the highest potential impact on the project
Schedules sensitivity to delays in critical path activities

The correct answer is: The risk with the highest potential impact on the project

Sensitivity analysis is a useful technique in project risk management as it helps to identify and prioritize the risks that have the highest potential impact on the project. This is important because not all risks have the same level of impact on a project, and by determining the risks with the highest potential impact, project managers can focus their resources and efforts on managing and mitigating those risks first. Options A, B, and D are all examples of specific types of sensitivity analysis, but they do not encompass its overall purpose of identifying and managing high-impact risks. Option A only focuses on changes in scope, whereas option B only looks at resource allocation, and option D only considers critical path activities. Only option C correctly identifies the overall purpose of sensitivity analysis in project risk management.