Course Description
This course offers practice using the formulas for earned value management, communication channels, and make or buy analysis, and how to use a control chart and identify when a process is out of control. This course provides a foundational knowledge base reflecting the most up-to-date project management information so you can effectively put principles to work at your own organization. This course will assist in preparing you for the CompTIA Project+ exam, and it is aligned with exam version PK0-004.
Learning Objectives
Controlling Project Work, and Closing
- start the course
- calculate the planned value and earned value, given the budget, % of time passed, and % of work completed
- calculate the schedule variance and schedule performance index, given the earned value and planned value
- calculate the cost variance and cost performance index, given the earned value and actual costs
- determine project performance, given a set of raw data points
- utilize work performance data to determine project performance
- determine the estimate at completion, using the formulas for scenarios 1 and 2
- recognize how the choice of EAC formula depends on the project situation
- use a control chart to determine when a process is out of control
- calculate the number of communication channels, given the number of members on a team
- perform a make or buy analysis and determine the break-even point