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 purpose of variance and trend analysis in risk control?

To compare budget forecasts to actual spending
To reconcile differences between tasks
To identify if risk response strategies are working by comparing planned results to actual results
To measure team performance

The correct answer is: To identify if risk response strategies are working by comparing planned results to actual results

Variance and trend analysis is used in risk control to determine if risk response strategies are effective. This involves comparing planned results to actual results, which is the purpose of the analysis. Option A, comparing budget forecasts to actual spending, is more related to financial management and not directly tied to risk control. Option B, reconciling differences between tasks, may be relevant in project management, but not specific to risk control. Option D, measuring team performance, is important in tracking project progress, but not specifically tied to risk control.