CAPM (Certified Associate in Project Management) Practice Exam

Which enterprise environment factors could influence plan cost management?

1. Schedule baseline, cost baseline

2. Org culture and structure, market conditions, currency exchange rates

3. Project charter, project management plan

4. Financial controls procedures, historical info

The correct answer is: Org culture and structure, market conditions, currency exchange rates

Enterprise environmental factors such as organizational culture and structure, market conditions, and currency exchange rates can significantly influence plan cost management. Organizational culture and structure can impact how cost management processes are implemented within the organization, while market conditions and currency exchange rates can affect the costs of resources and materials needed for the project. Therefore, option B is the correct choice as these factors play a crucial role in determining and controlling the costs of a project. In contrast, options A, C, and D do not directly relate to enterprise environmental factors that influence plan cost management. Option A mentions schedule baseline and cost baseline, which are components within project management plans rather than external environmental factors. Option C discusses the project charter and project management plan, which are project-specific documents rather than enterprise-wide factors. Option D includes financial control procedures and historical information, which may be important for cost management but do not fall under enterprise environmental factors specific to the organization's culture, market conditions, and currency exchange rates.