CAPM (Certified Associate in Project Management) Practice Exam

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What is primarily concerned with in Project Cost Management?

  1. Managing Teams

  2. Controlling Risks

  3. Managing Costs

  4. Ensuring Timely Completion

The correct answer is: Managing Costs

Project Cost Management is primarily concerned with managing the costs associated with the project. This includes budgeting, estimating, and controlling costs throughout the project lifecycle. Option A, managing teams, is a responsibility of Human Resource Management. Option B, controlling risks, is a responsibility of Risk Management. Option D, ensuring timely completion, is a responsibility of Schedule Management. However, these areas may interact and affect project cost management.

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