CAPM (Certified Associate in Project Management) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the CAPM Exam with challenging questions and comprehensive explanations. Utilize flashcards and multiple choice quizzes to enhance your project management knowledge. Ace your exam with confidence!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the purpose of developing a project charter?

To schedule project tasks
To formally authorize a new project or continue an existing one
To list project expenses
To finalize the project team members

The correct answer is: To formally authorize a new project or continue an existing one

Developing a project charter serves the purpose of formally authorizing a new project or continuing an existing one. The project charter is a document that establishes the project, outlines the project objectives, scope, and stakeholders, and authorizes the project manager to begin work on the project. It provides a clear understanding of the project's purpose, objectives, and high-level requirements, and it serves as a reference point throughout the project to ensure alignment with the initial goals and expectations. Options A, C, and D are incorrect because scheduling project tasks, listing project expenses, and finalizing project team members are activities that typically occur during the project planning phase and are not the main purpose of developing a project charter.