CAPM (Certified Associate in Project Management) Practice Exam

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What is NOT a tool or technique of the determine budget process?

  1. Cost aggregation

  2. Scope definition

  3. Expert judgment

  4. Funding limit reconciliation

The correct answer is: Scope definition

Scope definition is not a tool or technique of the determine budget process. The purpose of the determine budget process is to determine the amount of funding required to complete the project. Tools and techniques like cost aggregation, expert judgment, and funding limit reconciliation help with this process by assessing costs, utilizing expert knowledge, and reconciling budget constraints, respectively. However, scope definition is not a direct aspect of the determine budget process, as it involves determining and defining the project's deliverables and requirements, not specifically the budget itself.