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

Exam Essentials

Know the difference between analogous, parametric, and bottom-up estimating techniques. Analogous, or top-down, estimates use expert judgment and historical data to provide a high-level estimate for the entire project, a phase of the project, or a deliverable. Parametric estimates use a mathematical model to create the estimates. The bottom-up method starts at the lowest level of the WBS and calculates the cost of each item within the work packages to obtain a total cost for the project or deliverable.

Name the two discretionary funding allocations a project may receive. The two types of discretionary funding are a contingency reserve and a management reserve. Contingency reserves are monies set aside to cover the cost of possible adverse events. Management reserves are set aside by upper management and are used to cover future situations that can’t be predicted during project planning.

Explain the purpose of a cost baseline. The cost baseline is the total approved...