CAPM (Certified Associate in Project Management) Practice Exam

What is the output of plan cost management?

1. Project schedule, risk register

2. Cost management plan

3. Schedule management plan, cost baseline

4. Org culture and structure, market conditions

The correct answer is: Cost management plan

The output of plan cost management is the cost management plan which includes a detailed description of how costs will be estimated, budgeted, and controlled throughout the project. The other options listed may be outputs of other project management processes, but they are not the specific output of the plan cost management process. For example, project schedule and risk register are outputs of the develop schedule and identify risks processes, respectively. Schedule management plan and cost baseline are outputs of the plan schedule management and control costs processes. Org culture and structure and market conditions may influence the cost management plan, but they are not direct outputs of the process.