CAPM (Certified Associate in Project Management) Practice Exam

What are examples of organizational process assets that could influence plan cost management?

1. Financial controls procedures, historical info and lessons learned, financial databases

2. Cost management plan

3. Enterprise env factors, org process assets

4. Schedule baseline, schedule management plan

The correct answer is: Financial controls procedures, historical info and lessons learned, financial databases

Organizational process assets are the plans, processes, policies, procedures, and knowledge bases specific to an organization. In the context of influencing cost management, examples of organizational process assets that could impact plan cost management include financial controls procedures, historical information, lessons learned, and financial databases. These assets provide valuable insights into previous project costs, financial controls in place, and historical data that can help in developing accurate cost estimates and budgets for current projects. Therefore, option A is the correct answer. Options B, C, and D do not directly relate to examples of organizational process assets that could influence plan cost management. Option B refers to the cost management plan itself, which is an output of the cost management process and not an organizational process asset. Option C mentions enterprise environmental factors and organizational process assets in general, without specifying examples related to cost management. Option D includes references to schedule baseline and schedule management plan, which are more related to scheduling activities rather than cost management assets.