CAPM (Certified Associate in Project Management) Practice Exam

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What are crashing costs?

Budget allocated for project emergencies
Additional costs above the normal estimates to speed up an activity
Costs incurred from project failures
Budget savings due to efficient management

The correct answer is: Additional costs above the normal estimates to speed up an activity

Crashing costs refer to additional costs above the normal estimates that are incurred to speed up an activity in a project. This technique is used in project management to reduce the overall project duration by adding extra resources to complete certain activities faster. This helps in meeting project deadlines or achieving project milestones sooner. The other options are incorrect as they do not accurately define what crashing costs are.