CAPM Practice: Demonstrate an understanding of project management planning
Question 34 of 100 in Demonstrate an understanding of project management planning
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Correct answer: 1. Cost baseline → Serves as the time-phased budget against which cost performance is measured 2. Stakeholder register → Identifies interested parties, their interests, and communication needs 3. Project closure activities → Includes lessons learned documentation and formal acceptance of deliverables 4. Product management plan → Documents requirements, specifications, and acceptance criteria for what is being created
Explanation
The cost baseline is the approved time-phased budget used for performance measurement. The stakeholder register identifies all stakeholders and their characteristics to support engagement planning. Project closure activities ensure proper completion including lessons learned and formal acceptance. The product management plan focuses on what is being created (the product/service), while the project management plan focuses on how the project will be executed.
**Why not B:** This option incorrectly assigns the cost baseline to product requirements and specifications (which belongs to the product management plan) and the product management plan to serving as the time-phased budget (which belongs to the cost baseline). These two descriptions are swapped.
**Why not C:** This option incorrectly assigns the cost baseline to stakeholder information (which belongs to the stakeholder register), the stakeholder register to closure activities (which belongs to project closure), and project closure to product specifications (which belongs to the product management plan). Multiple pairings are scrambled.
**Why not D:** This option incorrectly assigns the cost baseline to closure activities (which belongs to project closure), the stakeholder register to product specifications (which belongs to the product management plan), project closure to serving as the time-phased budget (which belongs to the cost baseline), and the product management plan to stakeholder information (which belongs to the stakeholder register). All four pairings are wrong.
Key Concept
This question covers Demonstrate an understanding of project management planning under Demonstrate an understanding of project management planning (Project Management Fundamentals and Core Concepts).
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