CAPM (Certified Associate in Project Management) Practice Exam

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What are source selection criteria used for?

  1. Determining project budget

  2. Selecting a vendor

  3. Managing project teams

  4. Scheduling the project

The correct answer is: Selecting a vendor

Source selection criteria are used for selecting a vendor. This process involves evaluating and selecting the most suitable vendor based on predefined criteria such as cost, quality, experience, reputation, and other factors. It is essential to choose the right vendor to ensure that the project objectives are met efficiently and effectively. The other options are incorrect because they do not align with the purpose of source selection criteria.