The process by which contracts are closed out depends on the contract/agreement type, your organizational processes for procurement, and the terms and conditions stated in said contract/agreement. Procurement closure can happen at any time in the project, and this hopefully is because the work was done correctly and the seller’s piece is completed. Early termination could also occur if the project is cancelled, or the buyer or seller breached agreement. Either way, the assumption on the exam is that contracts need to be closed out before the phase or project can be closed out. I know we had some payment structures that were met 30, 60, 90 days out past the work being completed. I’m not suggesting we wait around for all of that to happen before we close out a project and work on something else. Quite the contrary. We need to make sure all work...
CompTIA Project+ Certification Guide
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CompTIA Project+ Certification Guide
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Overview of this book
The CompTIA Project+ exam is designed for IT professionals who want to improve their career trajectory by gaining certification in project management specific to their industry. This guide covers everything necessary to pass the current iteration of the Project+ PK0-004 exam.
The CompTIA Project+ Certification Guide starts by covering project initiation best practices, including an understanding of organizational structures, team roles, and responsibilities. You’ll then study best practices for developing a project charter and the scope of work to produce deliverables necessary to obtain formal approval of the end result. The ability to monitor your project work and make changes as necessary to bring performance back in line with the plan is the difference between a successful and unsuccessful project. The concluding chapters of the book provide best practices to help keep an eye on your projects and close them out successfully. The guide also includes practice questions created to mirror the exam experience and help solidify your understanding of core project management concepts.
By the end of this book, you will be able to develop creative solutions for complex issues faced in project management.
Table of Contents (13 chapters)
Preface
Free Chapter
Introduction to the CompTIA Project+ Exam (PK0-004)
Project Initiation
Project Roles and Responsibilities
Developing a Project Charter
Creating a Work Breakdown Structure (WBS)
Developing a Project Schedule
Resource Management Planning and Communication Considerations
Budget and Contingency Plans for Risk
Monitoring and Controlling Project Work
Formal Project or Phase Closure and Agile Project Management
Assessments
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