PMP 6 - Project Quality Management

Lesson 1
Define cost management and its associated cost management plan
Explain the various inputs of and methods for estimating activity cost
Describe how to aggregate activity costs to determine budget and both periodic and total project funding requirements
Identify the cost baseline and performance measurement baseline and their importance in earned value management
Calculate planned value, earned value, actual cost, schedule variance, cost variance, the schedule performance index, and cost performance index
Explain how baselines, planned value, earned value, and actual cost can be represented in graphic form
Calculate the budget at completion, estimate at completion, estimate to complete, and the to-complete performance index and use these concepts to forecast the cost requirements of a project
Identify the warning signs that a project is falling behind schedule or overrunning its budget and explain the various possible responses
Explain performance-reporting techniques and updates to project documentation
Recognize the various approaches to project selection, including return on investment and internal rate of return