Certified Associate in Project Management (CAPM) — Question 2

A project manager needs to tailor the Project Cost Management process. Which considerations should the project manager apply?

Answer options

• A. Diversity background
• B. Stakeholder's relationships
• C. Technical expertise
• D. Knowledge management

Correct answer: D

Explanation

The correct answer is D because knowledge management is essential for effective cost management, as it involves capturing, distributing, and effectively using knowledge. The other options, while important in their own right, do not directly pertain to tailoring the Project Cost Management process.