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CAPM Practice: Demonstrate an understanding of the various project life cycles and processes

Question 92 of 95 in Demonstrate an understanding of the various project life cycles and processes

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Match each term on the left with its correct description on the right. Items: 1. Risk 2. Issue 3. Assumption 4. Constraint Which option correctly matches each item to its description?
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Correct answer: 1. Risk → An uncertain event that, if it occurs, has a positive or negative effect on objectives 2. Issue → A current problem affecting the project that requires immediate attention 3. Assumption → A factor considered to be true for planning purposes but not yet verified 4. Constraint → A limiting factor that restricts options for project management

Explanation

Risk is an uncertain future event (may or may not occur) that could affect objectives. Issue is a current problem that exists now and needs resolution. Assumption is something believed to be true but not confirmed. Constraint is a restriction or limitation on the project (budget, time, resources, regulations, etc.).

**Why not A:** This option incorrectly assigns risk to the definition of a constraint (limiting factor) and constraint to the definition of a risk (uncertain event). These two definitions are swapped, reversing the distinction between future uncertainty and imposed limitations.

**Why not B:** This option incorrectly assigns risk to the definition of an assumption (believed true without proof), issue to the definition of a constraint (limiting factor), assumption to the definition of a risk (uncertain event), and constraint to the definition of an issue (current problem). All four definitions are rotated to the wrong terms.

**Why not D:** This option incorrectly assigns risk to the definition of an issue (current problem), issue to the definition of an assumption (believed true without proof), assumption to the definition of a constraint (limiting factor), and constraint to the definition of a risk (uncertain event). Every term is matched with the wrong definition.

Key Concept

This question covers Demonstrate an understanding of the various project life cycles and processes under Demonstrate an understanding of the various project life cycles and processes (Project Management Fundamentals and Core Concepts).

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