CAPM (Certified Associate in Project Management) Practice Exam

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Study for the Certified Associate in Project Management Exam with practice questions and answers. Enhance your understanding of project management principles and strategies to excel in the exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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How can risks be categorized?

By their impact on the project schedule
By the financial impact on the project
Risks can be categorized into sources of risks, area of the project, common root causes
By the department affected within the organization

The correct answer is: Risks can be categorized into sources of risks, area of the project, common root causes

Risks can be categorized in multiple ways, but options A, B, and D are all specific categories that may not encompass all types of risks. Option A only accounts for risks that directly impact the project schedule, while option B only measures the financial impact and option D only focuses on the department affected. However, risks can also be categorized based on their sources (such as internal or external factors), the area of the project they affect (such as marketing or operations), and common root causes (such as lack of resources or poor communication). Therefore, option C is the most comprehensive and accurate answer.