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 developing a project charter?

To schedule project tasks
To formally authorize a new project or continue an existing one
To list project expenses
To finalize the project team members

The correct answer is: To formally authorize a new project or continue an existing one

Developing a project charter serves the purpose of formally authorizing a new project or continuing an existing one. The project charter is a document that establishes the project, outlines the project objectives, scope, and stakeholders, and authorizes the project manager to begin work on the project. It provides a clear understanding of the project's purpose, objectives, and high-level requirements, and it serves as a reference point throughout the project to ensure alignment with the initial goals and expectations. Options A, C, and D are incorrect because scheduling project tasks, listing project expenses, and finalizing project team members are activities that typically occur during the project planning phase and are not the main purpose of developing a project charter.