PK0 004 Study guides, Class notes & Summaries

PK0-004 FORMULAS CORRECTLY ANSWERED GRADED A+Estimate at Completion (EAC) An estimate of what it will cost to complete the project based on performance to date EAC = BAC/CPI Estimate to Complete (ETC) The expected cost to finish all the remaining project work. ETC=EAC-AC Variance at Completion (VAC) A projection of the amount of budget deficit or surplus, expressed as the difference between the budget at completion and the estimate at completion. BAC-EAC Cost Performan...

Project Management PK0-004 Q & A rated A+ TO PASSWhat are the four inputs to the risk-control process? 1. risk register 2. risk management plan 3. work performance data 4. work performance reports What are the 4 objectives of analyzing project variances? 1. Determining whether variances are due to anomalies or the estimates are incorrect 2. Determining the root cause of the variances 3. Preventing variances in forthcoming projects 4. Determining if the variances can be expected on fu...

CompTIA Project+ (PK0-004) correctly answered 2023Project A temporary endeavor that has definite beginning and ending dates, and it results in a unique product, service or result. What are the 4 criteria that a project must fit? Unique, Temporary, Reason/purpose, and Stakeholder Sastifisfaction Program Group of related projects that are managed together using coordinated processes and techniques. Portfolio Collection of programs, sub-portfolios and projects that support ...

PK0-004 Project+ BEST STUDY GUIDE 2019(LATEST UPDATE) GRADED A+A milestone task on the critical path has been completed. which of the following should the project manager notify? A owner of predecessor task B project team C project sponsor D project steering committee C During a project assessment, a project manager determines the initial project cost estimates were incorrect oh, and there is not enough budget left, including reserves, to complete the project. Which of the fo...

CompTIA Project+ PK0-004 Acronyms correctly answered 2023AC Actual Cost BAC Budget at Completion C&D Cease and Desist CCB Change Control Board COQ Cost of Quality CPM Critical Path Method CV Cost Variance EAC Estimate At Completion ETC Estimate To Complete EV Earned Value FF Finish to Finish FS Finish to Start HR Human Resources IM Instant Messaging IMS Integrated Master Schedule ...

Project+ (PK0-004) question and answer 2023(latest update)Benefit measurement methods Decision model that compares the benefits obtained from new project requests by evaluating them using the same criteria and comparing the results. Constrained optimization models Decision models that use statistics and other mathematical concepts to assess a proposed project. Cost-benefit analysis benefit measurement. Calculates the cost of producing the result of the project and compares to th...

Project+ Study Guide: Exam PK0-004, 2nd EditionProject+ Study Guide: Exam PK0-004, 2nd Edition Question 1 (tb.ProjectPlSG2E.c08.08) Communications planning is the process of which of the following? B. Developing a distribution list for the stakeholders D. Creating a template to report project status  You Answered Incorrectly. Communications planning is the process of identifying who needs to receive information on the project, what information they need, and how they will get that in...

ion 1 (tb.ProjectPlSG2E.c05.07) Which of the following is true for float? A. It’s calculated by adding the durations of all tasks and dividing by the number of tasks. B. It’s time that you add to the project schedule to provide a buffer or contingency. D. It is calculated only on the longest path of the project schedule.  You Answered Correctly! Float time is the length of time a task may be started late or the additional duration a task may take without impacting the project co...

PK0-004 Project+ BEST STUDY GUIDE 2021/2022 with complete solution