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 is the purpose of earned value management?

To exclusively track the costs of a project
Used to monitor the progress of a project and is an analytical technique
To determine the profitability of a project
To track the number of resources used in a project

The correct answer is: Used to monitor the progress of a project and is an analytical technique

Earned Value Management (EVM) is a widely-used project management technique that integrates the scope, schedule, and cost of a project. The primary purpose of EVM is to monitor the progress of a project by comparing the actual work completed to the planned work and the actual costs incurred to the planned costs. It provides project managers with a comprehensive view of project performance, allowing them to identify variances early and take corrective actions to keep the project on track. Thus, choice B is the correct answer as it accurately reflects the purpose of earned value management.