CAPM (Certified Associate in Project Management) Practice Exam

What is a schedule management plan?

1. A tool for budget management

2. A component that outlines schedule development

3. A list of project milestones

4. A team performance assessment

The correct answer is: A component that outlines schedule development

A schedule management plan is a component that outlines schedule development within a project. It details how the project schedule will be created, monitored, and controlled throughout the project lifecycle. It includes information such as scheduling methodology, tools, and techniques to be used, roles and responsibilities related to scheduling, and how schedule performance will be measured and reported. Option A, a tool for budget management, is incorrect because a schedule management plan specifically focuses on the project schedule, not the budget. Option C, a list of project milestones, is incorrect because although project milestones may be included within a schedule management plan, the plan is much more comprehensive and outlines the entire schedule development process. Option D, a team performance assessment, is incorrect because a schedule management plan is not focused on assessing team performance but rather on managing and controlling the project schedule.