CAPM (Certified Associate in Project Management) Practice Exam

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Which is an organizational process asset that can influence the determine budget process?

Cost budgeting tools
Quality standards
Human resource policies
Risk categories

The correct answer is: Cost budgeting tools

Cost budgeting tools are an organizational process asset that can influence the determine budget process. These tools provide guidelines and templates for developing the project budget, including cost estimation techniques, budgeting software, and historical information on similar projects. By utilizing cost budgeting tools, project managers can accurately estimate project costs, allocate resources effectively, and ensure that the project stays within budget. Options B, C, and D are not directly related to the determine budget process. Quality standards typically pertain to the quality management process, human resource policies relate to staffing and resource management, and risk categories are more relevant to the risk management process.