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 is the key benefit of having a well-defined WBS code of accounts?

Improves team communication
Allows for detailed cost tracking and management of project deliverables
Speeds up the project completion time
Reduces the need for project meetings

The correct answer is: Allows for detailed cost tracking and management of project deliverables

The key benefit of having a well-defined Work Breakdown Structure (WBS) code of accounts is that it allows for detailed cost tracking and management of project deliverables. By assigning specific codes to each component in the WBS, project managers can easily track costs related to each work package, understand resource requirements, and manage project budget effectively. This detailed tracking helps in controlling project expenditures, ensuring cost efficiency, and facilitating accurate financial reporting throughout the project lifecycle. Hence, option B is the correct answer.