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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What is the difference between tolerances and control limits?

Tolerances identify common variation, control limits specify acceptable results
Tolerances specify acceptable results, control limits identify boundaries of common variation
Tolerances and control limits are essentially the same
Control limits are used exclusively in manufacturing

The correct answer is: Tolerances specify acceptable results, control limits identify boundaries of common variation

Tolerances specify acceptable results, while control limits identify the boundaries of common variation. This means that tolerances set the acceptable range of variation within which a process or project must operate, while control limits define the limits beyond which the process or project is considered out of control. Therefore, the correct answer is B. Option A is incorrect because it mixes up the definitions of tolerances and control limits. Option C is incorrect as it states that the two concepts are essentially the same, which is not accurate. Option D is incorrect because control limits are not used exclusively in manufacturing; they are used in various fields to monitor and control processes.