CAPM (Certified Associate in Project Management) Practice Exam

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What does decision theory assist with?

  1. Calculating project risk

  2. Budget allocation

  3. Reaching decisions under uncertainty and risk

  4. Team building activities

The correct answer is: Reaching decisions under uncertainty and risk

Decision theory assists with reaching decisions under uncertainty and risk by providing a systematic approach to analyzing and evaluating options in situations where outcomes are uncertain. It helps in understanding the implications of different choices, weighing the probabilities of various outcomes, and making informed decisions that maximize benefits and minimize risks. Options A, B, and D are not the primary focus of decision theory, as it specifically deals with the process of decision-making when faced with uncertainty and risk.

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