CAPM (Certified Associate in Project Management) Practice Exam

What are examples of organizational process assets for control schedule?

1. Project management plan, project charter

2. Schedule baseline, cost baseline

3. Existing formal and informal schedule control-related policies, schedule control tools

4. Market conditions, currency exchange rates

The correct answer is: Existing formal and informal schedule control-related policies, schedule control tools

Organizational process assets refer to any relevant documents, policies, procedures, knowledge bases, and historical information that can be used to influence project success. Examples of organizational process assets for control schedule may include existing formal and informal schedule control-related policies, such as guidelines for scheduling meetings and reporting progress, and schedule control tools, such as project management software or performance measurement systems. The other options, while important for project management, are not specifically related to control schedule and do not fall under the umbrella of organizational process assets. Market conditions and currency exchange rates may impact project scheduling, but they are not assets that can be referenced or utilized for control schedule. The project management plan and project charter are important documents, but they are considered inputs for creating a schedule rather than assets for controlling it. Similarly, the schedule baseline and cost baseline are important references for monitoring and controlling the project and are not considered organizational process assets for control schedule.