CAPM (Certified Associate in Project Management) Practice Exam

Which of the following is an input of the estimate costs process?

1. Cost management plan

2. Project completion report

3. Stakeholder engagement plan

4. Communications management plan

The correct answer is: Cost management plan

The correct answer is A, the Cost Management Plan. The Cost Management Plan is an essential input to the Estimate Costs process in project management. It provides guidance on how project costs will be planned, structured, and controlled throughout the project. It includes information on cost estimation methodologies, budgeting, cost baseline, and monitoring and controlling costs. The Cost Management Plan is crucial for accurate cost estimation because it dictates how costs will be estimated, budgeted, and managed within the project. The other options, Project completion report, Stakeholder engagement plan, and Communications management plan, are not directly related to the estimate costs process as they do not provide the necessary information or guidance needed for estimating project costs.