CAPM (Certified Associate in Project Management) Practice Exam

When are additional tasks added in reserve analysis?

1. When specific and history warrants

2. After the project is completed

3. Before the project begins

4. When the budget is finalized

The correct answer is: When specific and history warrants

Reserve analysis refers to the process of determining how much time and budget should be allocated for unforeseen risks and potential changes in a project. This process typically occurs throughout the project's lifecycle, but additional tasks are only added when specific and historical evidence or data suggests that it is necessary. Option B is incorrect because reserve analysis is not typically done after the project is completed, as it would be too late to make any necessary adjustments at that point. Option C is also incorrect, as the reserve analysis typically begins before the project begins in order to provide an initial estimate of the reserve needed. Option D is incorrect because reserve analysis is not solely based on the finalized budget, but also takes into consideration other factors and data. Therefore, the best answer is A, when specific and historical evidence warrants additional tasks to be added in reserve analysis.