CAPM (Certified Associate in Project Management) Practice Exam

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Which of the following is considered an organizational process asset that can influence estimate costs process?

  1. Lessons learned

  2. Stakeholder risk tolerances

  3. Financial control procedures

  4. Team performance assessments

The correct answer is: Lessons learned

Lessons learned are considered an organizational process asset that can influence the estimate costs process. Lessons learned refer to documented information from previous projects that can be utilized to improve current and future project cost estimation. By reflecting on past experiences and analyzing what worked well and what didn't in terms of cost estimation, project managers can make more accurate cost estimates for future projects. On the other hand, while stakeholder risk tolerances, financial control procedures, and team performance assessments are all important factors in project management, they are not specifically categorized as organizational process assets that influence the estimate costs process.

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