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
1
Acknowledgments
2
About the Author
15
Advert
16
EULA

Procurement Planning

Procurement planning is the process of identifying the goods and services required for your project that will be purchased from outside the organization. If your project doesn’t require any external resources, you don’t need a procurement plan.

One of the first techniques you should use when thinking about the procurement planning process is whether you should make or buy the goods and services needed for the project. Make-or-buy analysis determines whether it’s more cost-effective to produce the needed resources in-house or to procure them from outside the organization. You should include both direct costs and indirect costs when using the make-or-buy analysis technique. Direct costs are those that are directly attributed to the project, such as costs needed to produce the resource. Indirect costs are those costs associated with overhead, management, and ongoing maintenance costs. You can also use make-or-buy analysis when deciding whether it...