CAPM (Certified Associate in Project Management) Practice Exam

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What element of plan HR management is affected by marketplace conditions?

  1. Budget allocation

  2. The development of the HR management plan

  3. Selection of project management tools

  4. Setting project deadlines

The correct answer is: The development of the HR management plan

Marketplace conditions can directly impact the development of the HR management plan in project management. When marketplace conditions change, such as labor shortages or economic fluctuations, project managers need to adjust their HR management plans accordingly. This may involve revisiting the staffing requirements, recruitment strategies, training plans, and other HR-related aspects of the project to ensure they remain aligned with the new marketplace conditions. The other options - budget allocation, selection of project management tools, and setting project deadlines - are also important aspects of project management but are not directly influenced by marketplace conditions as the development of the HR management plan.

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