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CAPM Practice: Demonstrate an understanding of project management planning

Question 39 of 100 in Demonstrate an understanding of project management planning

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Maryam Haddad is planning a marketing campaign project at Quasar Media. Match each project planning activity on the left with its PRIMARY purpose on the right. Items: 1. Cost planning 2. Schedule planning 3. Risk planning 4. Resource planning Which option correctly matches each item to its description?
Show answer & explanation

Correct answer: 1. Cost planning → Establishes how project funds will be estimated, budgeted, and controlled 2. Schedule planning → Determines when work will be performed and deliverables completed 3. Risk planning → Identifies potential events that may affect project objectives 4. Resource planning → Identifies who and what is needed to complete project work

Explanation

Each planning knowledge area has a distinct primary purpose: Cost planning focuses on financial management (estimating, budgeting, controlling funds). Schedule planning focuses on timing (sequencing activities and determining when work happens). Risk planning focuses on uncertainty (identifying and planning for potential threats and opportunities). Resource planning focuses on determining the people, equipment, and materials needed to complete project activities.

**Why not A:** This option swaps all four planning activities with incorrect purposes. Cost planning is about budgets, not timing. Schedule planning is about timing, not risks. Risk planning is about uncertainty, not resources. Resource planning is about people and materials, not budgets.

**Why not B:** This option also mismatches all four activities. Cost planning addresses financial management, not risk identification. Schedule planning determines timing, not resource needs. Risk planning manages uncertainty, not budgets. Resource planning identifies needed resources, not timing.

**Why not D:** While schedule planning and risk planning are correctly matched, cost planning and resource planning are swapped. Cost planning focuses on estimating and controlling project funds, not identifying resource needs. Resource planning identifies the people and materials needed, not budget management.

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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