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!

Practice this question and more.

What does variance analysis help to determine?

If the project is under budget
If variances exist that require action
If the project scope is adequate
If the timeline is feasible

The correct answer is: If variances exist that require action

Variance analysis is a technique used to compare actual performance with planned or expected performance in order to identify any discrepancies or variances. It helps to determine if there are significant variances that require further action or attention in order to keep the project on track. Option A is incorrect because variance analysis does not solely focus on determining if the project is under budget; it looks at overall performance and any deviations from expected outcomes. Option C is incorrect because project scope is not directly related to variance analysis. Option D is incorrect because variance analysis does not assess the feasibility of the timeline, but rather looks at actual performance compared to the planned timeline.