Book Image

CompTIA Project+ Study Guide: Exam PK0-004 - Second Edition

By : Kim Heldman
Book Image

CompTIA Project+ Study Guide: Exam PK0-004 - Second Edition

By: Kim Heldman

Overview of this book

The CompTIA Project+ Study Guide, Second Edition is your comprehensive resource for taking Exam PK0-004. With 100% coverage of all exam objectives, this book gives you everything you need to approach the exam with confidence. Detailed explanations and superior study tools cover and reinforce setup, initiation, planning, execution, delivery, change, control, communication, and closure, and the author Kim Heldman's twenty-five years of project management experience provide deep insight into real-world applications. The book contains detailed explanations and superior study tools that cover and reinforce all the exam objectives. You’ll begin by tackling questions related to pre-project setup and project initiation. Then you’ll solve questions about creating a project charter and planning it. You’ll also take questions about developing schedules and budgets and project execution. The later chapters provide questions on managing change, control, and communication. Finally, you’ll be given questions on project closure. By the end of the book, you’ll have the knowledge you need to be confident on exam day.
Table of Contents (17 chapters)
Free Chapter
About the Author

Chapter 7
Defining the Project Budget and Risk Plans


  • 1.4 Identify the basics of project cost control.
    • Total project cost
    • Expenditure tracking
    • Expenditure reporting
    • Burn rate
    • Cost baseline/budget
      • Plan vs. actual
  • 2.2 Explain the importance of risk strategies and activities.
    • Strategies
      • Accept
      • Mitigate
      • Transfer
      • Avoid
      • Exploit
    • Risk activities
      • Identification
      • Quantification
      • Planning
      • Review
      • Response
      • Register
      • Prioritization
      • Communication
  • 4.1 Compare and contrast various project management tools.
    • SWOT analysis

This chapter will cover cost estimating and cost budgeting, as well as the risk activities and strategies for your project.

To many project managers, the most important components of a project plan are the scope statement, schedule, and budget. As you probably recall, these also happen to constitute the classic definition of the triple constraints. This doesn’t mean that other components of the plan...