CAPM (Certified Associate in Project Management) Practice Exam

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The process of 'Estimate Costs' is under which management?

  1. Project Quality Management

  2. Project Time Management

  3. Project Cost Management

  4. Project Resource Management

The correct answer is: Project Cost Management

The process of 'Estimate Costs' is under Project Cost Management. This process is specifically dedicated to approximating the monetary resources needed to complete project activities successfully. Project Cost Management involves activities such as estimating costs, determining budgets, and controlling costs throughout the project lifecycle. It is crucial for project managers to accurately estimate costs to ensure that the project stays within budget and is completed successfully.

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