CAPM (Certified Associate in Project Management) Practice Exam

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What can influence the estimate costs process in organizational process assets?

Cost estimating policies
Project management software
Team member schedules
Government regulations

The correct answer is: Cost estimating policies

Cost estimating policies can influence the estimate costs process in organizational process assets. These policies typically outline the guidelines and procedures to be followed when estimating project costs. By having clear and well-defined cost estimating policies in place, organizations can ensure consistency and accuracy in the estimation process. This can help project managers and team members create more reliable cost estimates, leading to better project planning and budgeting. On the other hand: - Project management software (Option B) is a tool that can support the cost estimation process but does not directly influence organizational process assets. - Team member schedules (Option C) may impact project timelines but are not directly related to the estimate costs process in organizational process assets. - Government regulations (Option D) can influence project requirements and constraints but do not directly impact the estimate costs process in organizational process assets.