CAPM (Certified Associate in Project Management) Practice Exam

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What tool or technique is used in the determine budget process?

Quality management
Cost aggregation
Stakeholder engagement
Procurement management

The correct answer is: Cost aggregation

Cost aggregation is the tool or technique used in the determine budget process. This involves compiling all the estimates for various project activities, work packages, and control accounts to determine the total cost of the project. Quality management (choice A) does not specifically deal with budgeting, but rather focuses on ensuring that project activities and deliverables meet quality standards. Stakeholder engagement (choice C) is important in project management, but it does not directly relate to determining the budget. Procurement management (choice D) involves managing the process of acquiring goods and services, but it is not specifically used in the determine budget process.